$1,990,000
Glenwood Springs, CO 81601
MLS# 183536
4673 sqft
1 / 20
Property Description
Welcome to the opportunity of a lifetime! The renowned Glenwood Springs Hostel is now available for acquisition. Boasting an impressive rental track record, catering to both long-term residents and short-term guests, this property is a gem waiting to be uncovered. Featuring dual zoning, the possibilities are endless for this prime Grand Avenue location. Constructed in two distinct eras, the front building dates back to 1910, while the rear building, erected in 1994, offers more modern amenities. The rear structure houses a complete apartment upstairs, ideal for long-term leases, while the ground floor caters to short-term rentals. Meanwhile, the front building is dedicated to nightly lodging, providing a steady stream of income. With only three previous owners, this is a rare chance to stake your claim in the vibrant community of Glenwood Springs. Don't miss out on securing your future - reach out today for further details!
Details
Maps
Documents
Location Info
Current Price: $1,990,000
Inside City Limits: Yes
Condominiumized: No
Zoning City: M2
Zoning County: M2
Type: Commercial
Major Area: Glenwood Springs
Area: 09-Glenwood Proper
Asking Price: 1990000
Original List Price: 1990000
Street #: 1021
Street Name: GRAND
Street Suffix: Avenue
City/Town: Glenwood Springs
State/Province: CO
Postal Code: 81601
Keywords Info
Total Building SqFt: 1.001 - 5,000
Association Dues: No
Listing Info
Occupant: Tennant
Listing Date: 2024-05-03
Seller is licensed Realtor: No
REO: No
Member Association: Glenwood Association
General Info
Sub/Loc: Townsite of Glenwood Springs
County: Garfield
Legal: SECTION: 9 TOWNSHIP: 6 RANGE: 89 SUBDIVISION: ORIGINAL TWNSTE. GLENWOOD BLOCK: 18 LOT: 22 AND:- LOT: 23 & PT OF LOT 21 5
Zoning: M2
Lot SqFt: 5300
Nbr of Acres: 0.12
Total SqFt: 4673
Unit SqFt: 500
Business Name: Glenwood Springs Hostel
Parcel #: 218509427011
Year Built: 1994
Directions: South on Grand Ave, Building is on the right (west) side of Grand
Financing Info
Metro Tax District: No
Taxes: 4550
Tax Year: 2023
Transfer Tax: No
Status Change Info
Status: Active
Remarks
Public Remarks: Welcome to the opportunity of a lifetime! The renowned Glenwood Springs Hostel is now available for acquisition. Boasting an impressive rental track record, catering to both long-term residents and short-term guests, this property is a gem waiting to be uncovered. Featuring dual zoning, the possibilities are endless for this prime Grand Avenue location.
Constructed in two distinct eras, the front building dates back to 1910, while the rear building, erected in 1994, offers more modern amenities. The rear structure houses a complete apartment upstairs, ideal for long-term leases, while the ground floor caters to short-term rentals. Meanwhile, the front building is dedicated to nightly lodging, providing a steady stream of income.
With only three previous owners, this is a rare chance to stake your claim in the vibrant community of Glenwood Springs. Don't miss out on securing your future - reach out today for further details!
Terms Offered
Other: New Loan
Property Features
Allowable Uses: Hospitality; Hotel/Lodge; Income; Mixed Use; Multi-Family Res; Office; Retail; Single Family Res
Current Use: Income
Construction: Frame
Substructure: Crawl Space; Finished Basement
Roof: Composition Shingles
Condition: Good
Heating/Cooling: Forced Air; Hot Water
Electric: Yes
Gas: Natural Gas
Sanitation: Sewer
Parking: 1 - 5 Spaces; Street Parking
Location Amenities: High Traffic Loc; High Visibility
Occupant: Owner Occupied; Tenant Occupied
Documents on File: Financials
Water Rights: No
Mineral Rights: No
Terms Offered: Cash
Sign: No
Floor plan Rear Home 
Listing Office: Slifer Smith & Frampton RFV
Last Updated: May - 03 - 2024
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) 925-8088