Refine Search

1702 E Main Street, Montrose, CO 81401

$3,850,000
  • 1702 E Main Street, Montrose, CO 81401 Main Photo

27 Total Photos [Click to View All]

Active
MLS#20253028
STATUSActive PROPERTY TYPECommercial - Business

Property Description

Rare Investment Opportunity: Lodging & RV Park ? Montrose, CO Diversified Hospitality Asset in a Booming Colorado Destination This is your chance to acquire a turnkey, multi-faceted hospitality portfolio in the heart of one of Colorado's most scenic & rapidly expanding markets?Montrose. This rare investment opportunity combines: ? A 58-key lodging property ? A fully equipped 23-spot RV park (Will be delivered Entitled ? ready to build) Lodging Property Highlights: ? Size: 32,866 SF | Acreage: 3.25 Acres ? 58 exterior corridor rooms ? Strong performance: $1.1M Yearly Revenue With 40% NOI & 74% yearly occupancy ? Attractive basis: Priced at only $60,000 per key + $475,000 RV Park Land ? Recent capital improvements of $300,000+, including: o New PTAC units (17 Rooms) o Foundation & structural upgrades o Framing, plumbing, & new paint o New exterior paint o Modernized guest amenities: o Renovated lobby with indoor/outdoor seating o Business center & fitness room o Restrooms with showers o Flexible branding: keep or remove Wyndham flag RV Park Features (ONCE BUILT): ? 23 dedicated RV spots with individual hookups ? Shared access to top-tier guest amenities: - (Club House - Already Built) ? Lounge area ? Laundry room ? Fitness center ? Restrooms & showers ? Indoor/outdoor dining area ? Stabilized projected NOI: $125,000 ? $150,000 annually ? Strategically positioned to attract seasonal travelers, RV nomads, & adventure tourists ? RV park permitted use will be complete 04/30/26. City is in the process of upgrading sewer line. RV park cannot tie into the sewer line until November 2027. ________________________________________ Location Advantages: ? Minutes from Montrose Regional Airport ? Direct Flights From Denver, DFW ? Easy drive to Telluride, Silverton, Ridgway, Ouray, & the Black Canyon of the Gunnison ? A growing base of year-round tourism, hunting, national park visitors, & outdoor adventure travelers ________________________________________ Investment Summary: Component Key Metrics Lodging Property 58 rooms Offered at $3,975,000 RV Park 22 spots, projected income $125,000 $150,000k Total Acreage: 3.82 Acres (combined) Branding Option Franchise (Wyndham) or Go Independent with low Liquidated Damage ________________________________________ Why Invest Now? ? Peak tourism season approaching ? Value-add NOI upside projected $125,000-$150,000k yearly ? High-demand hospitality submarket with growing regional traffic ? Diversified revenue streams from rooms

1702 E Main Street | MLS# 20253028

This commercial property located at 1702 E Main Street, Montrose, CO 81401 is currently listed for sale with an asking price of $3,850,000. Search Montrose real estate on www.blrealtygj.com today.

Property Features

Property Type: Commercial - Business
Lot Size: Irregular
Taxes: $26,504

Feature Descriptions

Days on Site: 278
Lot: Irregular Lot
Lot Dimensions: Irregular
Use (Possible): Hotel/Motel
Zoning: B-2

Listed By / Shown By

Listed By

Agency Name: BRAY/COMMERCIAL
Agency Phone: 970-241-2909

Shown By

Agency Title: B.L. Realty, Inc.
Agency Phone: 970-623-0596

IDX logo

Login to My Homefinder

Pixel