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60 Hickory Ave

17 Room Hotel Akron, CO 80720 $855,000 ($50,294/Room) 14.86% Cap Rate

Hotels Colorado Akron 60 Hickory Ave, Akron, CO 80720

Executive Summary

MOTEL and EVENT CENTER on 2.21 Acres! Excellent investment opportunity where you can live and work from the same location! Successful motel with 17 rooms (13 singles and 4 doubles). Each room includes a private bathroom, nightstand, desk/table with chair, lamps, microwave, mini refrigerator and TV. Private 2-Bedroom residence with living room and kitchen connected to office/lobby area. Lobby/lounge area and registration office were recently remodeled including tile and wood flooring, fireplace insert, coffee bar, and 2 ADA compliant bathrooms. The Event Center features a large conference room with connecting full-size kitchen and a separated recreation room with playroom. Additional bathrooms located within the event center. Professional office with private entrance and private bathroom also available to be rented. Property also features a heated/cooled 1600sqft shop with 4 garage doors. Truck parking with electrical hook-ups located in the parking area. Commercial grade washer/dryer on site. Guest laundry area and ice machine available. Must see to fully appreciate the amazing potential of this property!

Property Facts

Price $855,000 Lot Size 2.16 AC
Price Per Room $50,294 Building Size 12,000 SF
Sale Type Investment No. Rooms 17
Cap Rate 14.86% No. Stories 1
Property Type Hospitality Year Built 1980
Property Subtype Hotel 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 Class C
Price $855,000
Price Per Room $50,294
Sale Type Investment
Cap Rate 14.86%
Property Type Hospitality
Property Subtype Hotel
Building Class C
Lot Size 2.16 AC
Building Size 12,000 SF
No. Rooms 17
No. Stories 1
Year Built 1980
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.

Room Mix Information

Description No. Rooms Daily Rate SF
Guest Room 17 - -
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PROPERTY TAXES

Parcel Number 92036001006 Improvements Assessment $457,278
Land Assessment $18,684 Total Assessment $475,962

PROPERTY TAXES

Parcel Number
92036001006
Land Assessment
$18,684
Improvements Assessment
$457,278
Total Assessment
$475,962
(970) 867-1181

Contact

  • KC Sailsbery
    KC Sailsbery
  • Platte River Realty

  • Listing ID: 34258238

  • Date on Market: 12/20/2024

  • Last Updated:

  • Address: 60 Hickory Ave, Akron, CO 80720

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60 Hickory Ave
(970) 867-1181 x

60 Hickory Ave

KC Sailsbery

(970) 867-1181

(970) 867-1181

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