MoJo's Inn 625 E 1st St

13 Room Hotel Akron, CO 80720 $530,000 ($40,769/Room) 9.43% Cap Rate

Executive Summary

Great investment opportunity to own a well established motel in Akron, Colorado with Hwy 34 Frontage! This motel was built in 1959 with a brick exterior and consists of 13 rooms (9 Doubles and 4 Singles) including a singles ADA compliant room. There is a 1-bedroom private manager's/owner's residence with a full kitchen, living room, full bathroom and laundry area. The "Mess Hall" with kitchen can be rented out for meetings/events for additional revenue. 2 Water Taps! Guest laundry facility and separate housekeeping/laundry area. Ice machine on site. This motel has been well taken care of over the years and is ready for a new owner.

Property Facts

Price $530,000
Price Per Room $40,769
Sale Type Investment
Cap Rate 9.43%
Property Type Hospitality
Property Subtype Hotel
Building Class C
Lot Size 1.18 AC
Building Size 5,916 SF
No. Rooms 13
No. Stories 1
Year Built 1959
Parking Ratio 3.38/1,000 SF
Corridor Exterior
Opportunity Zone Yes

Amenities

  • High Speed Internet Access
  • Public Access Wifi
  • Smoke-Free

Room Mix Information

Description No. Rooms Daily Rate SF
Guest Room 13 $77.00 -

PROPERTY TAXES

  • Listing ID: 34258012

  • Date on Market: 12/20/2024

  • Last Updated:

  • Address: 625 E 1st St, Akron, CO 80720