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3475 Main Avenue

Durango, CO 81301
  • $2,300,000
  • STATUS: Active
  • ON SITE: 21 Days
  • MLS #: 796325
UPDATED: 66 min ago
$2,300,000
  • 0
    BEDS
  • 0.53
    ACRES
  • 18
    BATHS
  • 0
    1/2 BATHS
  • 7,685
    SQFT
  • $299
    $/SQFT
Neighborhood:
Type:
Commercial
Built:
1960
County:

School Ratings & Info

Listing courtesy of Keller Williams Realty Southwest Associates, Llc.


Description

Here is your opportunity to present a Landmark Motel and investment opportunity to your clients. Familiar to the north Durango Area, the Siesta Motel - Free Rooms, Just Kidding is now available for purchase. Three Generation, Family owned and operated for more than 50 years! Upon visiting you will see a welcoming, well cared for, visibly located boutique motel ready for it's next investor. Recently the motel has been operated as a seasonal motel, with onsite management (available for walk in customers) the motel is open May through October, after which the operators snow bird down south and limit shoulder season activity to partial online rental only. As retirement looms the opportunity is abundant for a new investor. Check with City of Durango Planning for allowed use, though this property pencils out favorably as a year around boutique motel, or for conversion to an apartment with extended stay rental and/or a combination of long term rental. The property is comprised of 22 rental units, along with an additional on site managers quarters which is ideal for motel operations. Alternatively it would make for an additional extended stay or long term rental unit. Floor plans include various room types (with a variety of bed sizes and sleeping arrangements): - 2 Family Suites (with 3 beds, 1 bath, couch & kitchenette) - Manager's Quarters with 2 beds, 1 bath, a full kitchen, living room with grand fireplace and vaulted ceiling and an additional sunroom (currently used as the reservations desk, should onsite management no longer be needed) - 7 two-bed units - 13 one-bed units Some units have interior accessing between rooms to expand the space's function. Collectively there are 23 units for which occupancy can be made dependent on the investor model (site managed motel or long term stay). Contact Agent for details regarding local lending options.

Monthly Payment Calculator

The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange (IDX) program of Colorado Real Estate Network, Inc. (CREN), © Copyright 2022. All rights reserved. All data deemed reliable but not guaranteed and should be independently verified. This database record is provided subject to “limited license” rights. Duplication or reproduction is prohibited.
FULL CREN Disclaimer

Real Estate listings held by companies other than Durango Mountain Realty contain that company’s name.
Fair Housing Disclaimer

This data was last updated: 2022-08-11T15:57:18.91.
www.durangomountainrealty.com/homes/131069898
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3475 Main Avenue Durango, CO 81301

  • Price: $2,300,000
  • Status: Active
  • On Site: 21 Days
  • Updated: 66 min ago
  • MLS #: 796325
0
Beds
18
Baths
0
½ Baths
0.53
Acres
7,685
SQFT
$299
$/SQFT
1960
Built
Neighborhood:
Durango In Town
County:
La Plata
Area:
Durango In Town
Property Description
Here is your opportunity to present a Landmark Motel and investment opportunity to your clients. Familiar to the north Durango Area, the Siesta Motel - Free Rooms, Just Kidding is now available for purchase. Three Generation, Family owned and operated for more than 50 years! Upon visiting you will see a welcoming, well cared for, visibly located boutique motel ready for it's next investor. Recently the motel has been operated as a seasonal motel, with onsite management (available for walk in customers) the motel is open May through October, after which the operators snow bird down south and limit shoulder season activity to partial online rental only. As retirement looms the opportunity is abundant for a new investor. Check with City of Durango Planning for allowed use, though this property pencils out favorably as a year around boutique motel, or for conversion to an apartment with extended stay rental and/or a combination of long term rental. The property is comprised of 22 rental units, along with an additional on site managers quarters which is ideal for motel operations. Alternatively it would make for an additional extended stay or long term rental unit. Floor plans include various room types (with a variety of bed sizes and sleeping arrangements): - 2 Family Suites (with 3 beds, 1 bath, couch & kitchenette) - Manager's Quarters with 2 beds, 1 bath, a full kitchen, living room with grand fireplace and vaulted ceiling and an additional sunroom (currently used as the reservations desk, should onsite management no longer be needed) - 7 two-bed units - 13 one-bed units Some units have interior accessing between rooms to expand the space's function. Collectively there are 23 units for which occupancy can be made dependent on the investor model (site managed motel or long term stay). Contact Agent for details regarding local lending options.
Exterior Features

Acreage Range .5-.99 Carport No Lot Dimension 23234 Parking 20 + Total Spaces Property Attached Yes Stories 1 Street Description City/Town Water Well No Waterfront YN No

Interior Features

Cooling Type Window A/C Unit(S) Finished Sq Ft 7685 Heating Fuel Source Natural Gas Heating System Other Main Sq Ft 7685 One Quarter Baths 0 Total Offices 1

Property Features

Books Available No Cam No Covenants No Current Business Siesta Motel Current Use Lodging Desc Of Business Motel And/Or Apartments Exchange Trade No Fixtures Included No Inventory Included No Lease Included No New Construction YN No Owners Association No Possible Property Use Lodging Railroad Siding Spur No Real Estate For Sale Yes Reo Lender Owned No Tax Year 2022 Total Taxes 13560 Type Hotel/Motel Variable Rate No Water Rights No Year Started 1975 Zoning Type Commercial

The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange (IDX) program of Colorado Real Estate Network, Inc. (CREN), © Copyright 2022. All rights reserved. All data deemed reliable but not guaranteed and should be independently verified. This database record is provided subject to “limited license” rights. Duplication or reproduction is prohibited.
FULL CREN Disclaimer

Real Estate listings held by companies other than Durango Mountain Realty contain that company’s name.
Fair Housing Disclaimer

This data was last updated: 2022-08-11T15:57:18.91.
 
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Durango Mountain Realty
PO Box 17000
Durango CO, 81302
Listing courtesy of Keller Williams Realty Southwest Associates, Llc.