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Big Horn Lodge 4700 N Nevada Ave

12 Room Hotel Colorado Springs, CO 80918 $1,100,000 ($91,667/Room)

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Executive Summary

Hoff & Leigh proudly presents The Big Horn Lodge, an incredible opportunity along North Nevada Avenue! This rare opportunity can continue being operated as a profitable motel or repurposed to take advantage of the C6 zoning. There is endless potential with this unique property. The property is on 0.5 acres, and currently a 12 unit motel with a large on-site manager suite. Contact us today for more information.
* Cap Rate – 9.8%
* 2024 Expected NOI- $108,696.34
* Billboard Income- $5,000 / year
* 2023 Property Taxes- $6,237.18

Nevada Avenue, 4700 N

Property Facts

Price	$1,100,000	No. Rooms	12
Price Per Room	$91,667	No. Stories	2
Sale Type	Investment	Year Built	1954
Property Type	Hospitality	Tenancy	Single
Property Subtype	Hotel	Parking Ratio	4.44/1,000 SF
Building Class	C	Corridor	Exterior
Lot Size	0.56 AC	Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
Building Size	4,279 SF

Price	$1,100,000
Price Per Room	$91,667
Sale Type	Investment
Property Type	Hospitality
Property Subtype	Hotel
Building Class	C
Lot Size	0.56 AC
Building Size	4,279 SF
No. Rooms	12
No. Stories	2
Year Built	1954
Tenancy	Single
Parking Ratio	4.44/1,000 SF
Corridor	Exterior
Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.