51871 Highway 6
Glenwood Springs, CO 81601

$3,200,000

Description

*MUST SEE* If you are looking to work for yourself, own your own business, and live on site rent free (2500 sqft home), then look no further! This independent hotel in Glenwood Springs is a great opportunity for a first-time buyer or experienced hotel operator. The Hanging Lake Inn in Glenwood Springs is a 23 room property with a 2500 sqft managers home, and one rental unit attached. This property is located on prime frontage road adjacent to I-70. Glenwood Springs is considered the hot springs capital of the world and for good reason. The hotel is only a five-minute drive to either local hot springs. The property produces year around and if ran correctly has much room for income increase.

Details

MLS#9209826
StyleHospitality
Sub-TypeResale
StatusActive
Year1955
Days On Site7

Features

SQ Feet12,216
Story(s)1
Units23
ZoningCOM-Hotel/Motel

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Area Information

StateCO
CountyGarfield
CityGlenwood Springs
Zip Code81601
AreaGarfield
Listing VS Median (in 81601)
Price:
$3,200,000
low | high
Med:
$725,000
100% of Average
SqFt:
12,216
low | high
Med:
2,449
100% of Average
$ / SqFt:
$262
low | high
Med:
$296
36.987035524704% of Average
On Site:
7
low | high
Med:
36
19.444444444444% of Average
Listing Updated: 03/18/2019
MLS Number: 9209826
Listing Provided By:
Ronnie Crouse  of  Keller Williams Clients Choice Realty
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