$3,800,000
Glenwood Springs, CO 81601
MLS# 155548
Status: Closed
18000 sqft
1 / 21
Property Description
Exciting commercial real estate investment, comprised of 41 units including 12 kitchens and 4 kitchenettes, 7 cabins with heated pool, hot tub, large secure parking area and open, fully irrigated green space. An incredible opportunity to own mostly flat usable land with I-70 frontage. Great potential for an owner operated Motel or design your redevelopment project. Multiple possibilities for residential or commercial projects in C1 zone district. Currently on well and city sewer. Located in the Opportunity Zone only minutes to downtown and 2 Hot Springs pools, Glenwood Caverns, White water park, many other tourist attractions. Listed as Outside Magazine's Top ten places to live in the United States. Easy access to 2 airports, Amtrak train station, RFTA bus stop and I-70
Details
Maps
Documents
Location Info
Current Price: $3,650,000
Type: Commercial
Major Area: Glenwood Springs
Area: 09-West of Glenwood
Asking Price: 3800000
Original List Price: 3999000
Street #: 051637
Street Name: Highway 6 & 24
City/Town: Glenwood Springs
State/Province: CO
Postal Code: 81601
Keywords Info
Total Building SqFt: 10,001 - 20,000
Association Dues: No
Payment Per: Year
Listing Info
Listing Date: 2018-08-06
REO: No
Member Association: Glenwood Association
General Info
Sub/Loc: None
County: Garfield
Legal: Lengthy
See Exhibit A in Documents
Zoning: C1
Lot SqFt: 105415
Nbr of Acres: 2.4
Total SqFt: 18000
Business Name: Red Mountain Inn
Inventory: Yes
Parcel #: 218505300094
Year Built: 1947
Year Remodeled: 1998
Directions: Off Hwy 6 & 24 in West Glenwood Springs
Financing Info
Metro Tax District: No
Taxes: 23390
Tax Year: 2019
Transfer Tax: No
Status Change Info
Status: Closed
Under Contract Date: 2022-03-29
Proposed Close Date: 2022-08-02
Sold Date: 2022-08-04
Sold Price: $3,650,000
Sold Price Per/SF: 202.78
How Sold: Conventional Fixed
Remarks
Public Remarks: Exciting commercial real estate investment, comprised of 41 units including 12 kitchens and 4 kitchenettes, 7 cabins with heated pool, hot tub, large secure parking area and open, fully irrigated green space. An incredible opportunity to own mostly flat usable land with I-70 frontage. Great potential for an owner operated Motel or design your redevelopment project. Multiple possibilities for residential or commercial projects in C1 zone district. Currently on well and city sewer.
Located in the Opportunity Zone only minutes to downtown and 2 Hot Springs pools, Glenwood Caverns, White water park, many other tourist attractions. Listed as Outside Magazine's Top ten places to live in the United States. Easy access to 2 airports, Amtrak train station, RFTA bus stop and I-70
Property Features
Allowable Uses: Business w/RE; Hospitality; Hotel/Lodge; Income; Multi-Family Res; Office; Restaurant/Bar; Retail; Single Family Res; Warehouse; Other
Current Use: Motel
Construction: Frame; Poured Concrete
Condominiumized: No
Substructure: Crawl Space; Slab
Roof: Composition Shingles
Condition: Good
Heating/Cooling: Baseboard; Central AC; Electric; Forced Air; Gas; Solar Comb
Electric: Yes
Gas: Natural Gas
Water: Well - Household
Sanitation: Sewer
Green Features: Solar
Parking: 21 + Spaces
Access: Paved
Extras: ADA Compliant; Employee Quarters; Fireplace; Furnished; Gas/Log Fireplace; Kitchen Area; Landscaped; Laundry; Living Quarters; Management; Pool; Restrooms; Storage
Amenities: Front Desk; Pets Allowed/Owner
Location Amenities: High Traffic Loc; High Visibility; Highway Access; View
Disclosures: Excluded Buyer
Documents on File: Survey/ILC
Water Rights: Yes
Terms Offered: Owner Finance
Sign: No
Possession: DOD
Survey 
Listing Office: Coldwell Banker Mason Morse-Carbondale
Last Updated: August - 04 - 2022
The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed.
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Broker Attribution:
(970) 963-3300