Durango, CO 81301,3515 Main Avenue
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Durango, CO 81301,3515 Main Avenue
Durango, CO 81301,3515 Main Avenue
Durango, CO 81301,3515 Main Avenue
Durango, CO 81301,3515 Main Avenue

$2,700,000

Est. payment /mo

$2,700,000

Est.Price: ?

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3515 Main Avenue Durango, CO 81301

8,939 SqFt

SOLD DATE : 08/16/2024

Key Details

Sold Price $2,700,000

Property Type Commercial

Sub Type Hotel/Motel

Listing Status Sold

Purchase Type For Sale

Square Footage 8,939 sqft

Price per Sqft $302

Subdivision Animas City

MLS Listing ID 801424

Sold Date 08/16/24

Year Built 1957

Tax Year 2021

Lot Size 0.550 Acres

Acres 0.55

Property Description

Well-established, recently renovated, and turnkey hotel operation in Durango, CO. The current owners have invested heavily over the years in building a brand and reputation that consistently ranks this hotel as one of the best in Durango. For the right investor, the timing is great to close on this property prior to the busy tourism season and immediately start seeing a return on the investment. This 25-room hotel property is located on North Main with 160 ft of Main Ave frontage. A large remodeled lobby with room for breakfast service sits adjacent to a separate manager's office, and commercial kitchen space. The property also includes a 1 bedroom manager's apartment that can be locked off and provides living space for a full-time or overnight manager. The Adventure Inn has strong historical occupancy rates and consistently improving ADR, having still turned a profit in 2020 during the COVID-19 pandemic, making it an outlier in the hospitality industry. All FFE included, including new beds and tv's in all rooms, as well as a custom designed website and all branding. Financials are available with a signed non-disclosure agreement.

Location

State CO

County La Plata

Interior

Heating Other

Cooling Other

Flooring Carpet, Tile

Equipment FFE

Furnishings Furnished

Exterior

Parking Features 20 + Total Spaces, Common, Concrete, Off Street, Paved

Garage Spaces 25.0

Utilities Available Electric, Internet, Natural Gas, Phone, Sanitary Sewer, Water

Roof Type Metal

Building

Story 2

Sewer Public Sewer Installed

Water Public

New Construction No

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Colorado Real Estate Network (CREN) + Sold
Listed by RE/MAX Pinnacle

Linette Nye Schmidt

Broker Associate | License ID: FA.100086260

+1(719) 588-1636

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