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625 E 1st St

Akron, CO 80720
  • $630,000
  • STATUS: Active
  • ON SITE: 39 Days
  • MLS #: 1019172
UPDATED: 49 min ago
$630,000
  • 0
    BEDS
  • 1.18
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Commercial
Built:
1959
County:

School Ratings & Info

Description

Great investment opportunity to own a well established motel in Akron, Colorado with Hwy 34 Frontage! This motel was built in 1959 with a brick exterior and consists of 13 rooms (9 Doubles and 4 Singles) including a singles ADA compliant room. There is a 1-bedroom private manager's/owner's residence with a full kitchen, living room, full bathroom and laundry area. The "Mess Hall" with kitchen can be rented out for meetings/events for additional revenue. 2 Water Taps! Guest laundry facility and separate housekeeping/laundry area. Ice machine on site. This motel has been well taken care of over the years and is ready for a new owner.

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© 2024 Information and Real Estate Services, LLC. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Sears Real Estate. Data last updated: 2024-11-02T15:41:57.38.

Information source: Information and Real Estate Services, LLC. Provided for limited non-commercial use only under IRES Rules © Copyright IRES.
www.searsrealestate.com/homes/155668321
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625 E 1st St Akron, CO 80720

  • Price: $630,000
  • Status: Active
  • On Site: 39 Days
  • Updated: 49 min ago
  • MLS #: 1019172
0
Beds
0
Baths
0
½ Baths
1.18
Acres
1959
Built
Neighborhood:
South Of Morningside
County:
Washington
Area:
18 Washington County (all)
Property Description
Great investment opportunity to own a well established motel in Akron, Colorado with Hwy 34 Frontage! This motel was built in 1959 with a brick exterior and consists of 13 rooms (9 Doubles and 4 Singles) including a singles ADA compliant room. There is a 1-bedroom private manager's/owner's residence with a full kitchen, living room, full bathroom and laundry area. The "Mess Hall" with kitchen can be rented out for meetings/events for additional revenue. 2 Water Taps! Guest laundry facility and separate housekeeping/laundry area. Ice machine on site. This motel has been well taken care of over the years and is ready for a new owner.
Exterior Features

Construction Materials Wood/FrameBrick/Brick Veneer Horse YN No Lot Features CurbsSidewalksWithin City Limits Parking Features Paved Road Frontage Type City StreetHighway Road Surface Type PavedAsphalt Roof Composition Spa YN No Waterfront YN No

Interior Features

Accessibility Features Level LotNo Stairs Basement None Building Area Total 5916 Building Features Lawn Sprinkler SystemStorage on Site Cooling Refrigeration/HVACWindow Unit(s) Cooling YN Yes Heating 2 or more Heat Sources Heating YN Yes Interior Features Kitchenette Living Area Source Assessor

Property Features

Association YN No Business Type Other CommericalMixed Cap Rate 23 Ditches Active YN No Electric ElectricYW Electric Exclusions Seller's personal property Gas Natural GasBlack Hills Gross Income 150000 Has Improvements No Has Water Rights No Income Includes Lease/RentsVending MachineCommon Area Fees Listing Sub Status None Listing Terms CashConventional Locale Akron Net Operating Income 144928 New Construction YN No Operating Expense 5072 Possible Use Commercial or Industrial Property Condition Not NewPreviously Owned Property Sub Type Sale: Commercial/Industrial Sale Includes Building(s)LandFixtures/EquipmentBusiness Senior Community YN No Sewer City Sewer Special Listing Conditions Private Owner Tax Annual Amount 5072 Tax Year 2023 Tenant Pays Deposit Utilities Natural Gas AvailableElectricity Available Water Source City WaterTown of Akron Zoning Commercial

Listing information © 2024 Information and Real Estate Services
Listing provided courtesy of Kc Sailsbery of Platte River Realty LLC: 9708671181.



© 2024 Information and Real Estate Services, LLC. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Sears Real Estate. Data last updated: 2024-11-02T15:41:57.38.

Information source: Information and Real Estate Services, LLC. Provided for limited non-commercial use only under IRES Rules © Copyright IRES.
 
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