Motel With Gorgeous Mountain Scenery For Sale

Business description

When historic and beautiful U.S. Highway 50 passes through Salida, it becomes a corridor of commerce. Strategically located in the heart of this corridor is the unique and independent Circle R Motel. Its 17 spacious rooms have provided comfortable lodging for the heavy influx of tourists that visit throughout the year who take advantage of the multitude of recreational opportunities available in the area. Each of the rooms has individually controlled natural gas baseboard heating, air conditioning, and is furnished with a queen size bed. Some rooms are equipped with a microwave and refrigerator. All rooms offer cable television and VCR’s are available as rentals. One full and one partial kitchenette are available for the guest who stays and plays for more than a day or two. The grounds feature a sun deck and a hot tub. There is ample on-site parking. The guest laundry has a washer and dryer. The motel’s industrial laundry room also has a washer and dryer. There are three bedrooms and one bath in the 1383 SF of on-site living quarters. Financial information and a complete list of inclusions will be sent upon completion of a Confidentiality Agreement. Terms are cash or new loan. Excluded from the sale are the Sellers’ personal property. A wonderful investment opportunity and your chance to live in what Outside Magazine has termed “one of the best dream towns and adventure hideouts.”

Property information

Real Estate:

Real Property Included

Living accommodation:

1383 SF living quarters with 3 bedrooms and 1 bath, full kitchen, dining area, and a comfortable living area.

Location:

Motel is located in the middle of town on the busy US Highway 50 corridor. Side street is D Street, which leads to Historic Downtown Salida (Colorado's largest downtown historic district).

Premises details:

6246 SF located on 0.71 acres within Salida, Colorado, city limits. Grounds include a sun deck, grass area, and hot tub, as well as parking.

Size in square feet:

6,246

Business Operation

Expansion potential:

The motel maximizes its physical lot space; possible expansion might exist through a 2nd floor, but this would be subject to building and zoning regulations

Competition / Market:

Salida, Colorado, is, simply put, gorgeous. As such, tourism is one of the top industries. Naturally, there are several hotels/motels, including big chain names. However, for the tourist watching their budget or who wants a more personal experience, this motel will fit the bill.

Trading hours:

Open 7 days a week all year

Employees:

3-4

Years established:

approx. 20

Other information

Support & training:

Owners will provide support and training to ensure smooth transition

Related documents:

• 
• Circle R Motel Brochure - pg 1

• 
• Circle R Motel Brochure - pg 2