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1146 E HWY 50Salida, CO 81201Price: $1,950,000

  • Price: $1,950,000
  • 25 Days on Market
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Federal 30-year interest rate: 4.99% last updated on Aug 4, 2022
* All Figures are estimates. Check with your bank or proposed mortgage company for actual interest rates.
This product uses the FRED® API but is not endorsed or certified by the Federal Reserve Bank of St. Louis.
  • $1,950,000List Price
  • 1.1Acreage

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Location, Opportunity and Income...this one has it all! This well maintained commercial property is currently used as monthly rentals and has virtually no vacancy. There are 19 single rooms with mini kitchens, 1 modular home and 1 manufactured home, laundry, outdoor park/picnic area and an office. The rooms rent for $800-$1200 per month each, the modular home rents for $2,000/month and the manufactured home rents for $1000/month. If monthly rentals are not your thing, you can revert back to a traditional motel model and rent out nightly. Excellent location on a highly visible and bustling section of Highway 50 in the popular mountain town of Salida Colorado and is only minutes from downtown Salida where quaint shops, restaurants and bars abound. Salida is a popular tourist destination offering world class whitewater rafting, skiing, fishing, mountain biking and hunting. Centrally located within a couple hours drive to all major city's and airports in Colorado. The lot is quite large at 1.1 acres - room to expand or develop into multi-unit neighborhood. Come check out this dynamic business opportunity today!

Property Details of 1146 E HWY 50

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Listed by Susan Dempsey Hughes of Pinon Real Estate Group LLC

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