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This Hospitality Property is no longer advertised on LoopNet.com.

1120 E Main St
Cortez, CO 81321

Suburban Studios near Mesa Verde · Hospitality Property For Sale · 19,693 SF

PROPERTY FACTS

Property Type Hospitality
Property Subtype
Hotel
  • Hospitality Hotel
Building Class C
Lot Size 2.34 AC
Building Size 19,693 SF
No. Stories 1
Year Built/Renovated 1959/1978
Parking Ratio 3.71/1,000 SF
Corridor Exterior

Amenities

  • Business Center
  • Fitness Center
  • High Speed Internet Access
  • Public Access Wifi
  • Smoke-Free
  • Fully-Equipped Kitchen

About 1120 E Main St , Cortez, CO 81321

PRICE REDUCTION!!! Act now before the next season. This property is a diamond in the rough (needs some repairs). If you are an entrepreneur and have the vision, this property is for you. 60 spacious rooms with modern amenities, manager's quarters, guest laundry, and close to restaurants and historical sites. There are 4 buildings situated on flat to sloping topography (3 one story units and 1 two story building - 1959 - 8302SF, 1963 - 9372SF, 1975 - 3240SF, 1978 - 12,592SF) Nov 2016 thru Oct 2017 (12 months) Revenue is $475,363; 2016 Revenue Per Wydham Stat Report $494,932.25 not including tax; 2015 Revenue per Wydham Stat Report $343,787 not including tax. This ideal property is located in the historical Montezuma County in the State of Colorado. Cortez is centrally located to many Nat'l Parks, Mesa Verde, Monuments and the Canyon of the Ancients.

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
R015168
Land Assessment
$108,401
Improvements Assessment
$203,283
Total Assessment
$311,684

zoning

Zoning Code C
C
  • Listing ID: 7146242

  • Date on Market: 5/10/2017

  • Last Updated:

  • Address: 1120 E Main St, Cortez, CO 81321

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