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1702 E Main Street, Montrose, CO 81401

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For Sale

$3,975,000

Estimated Payment

$      /mo. †

APR for 30 years

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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 and 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 and 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 and structural upgrades o Framing, plumbing, and new paint o New exterior paint - 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, and adventure tourists ________________________________________ Location Advantages: - Minutes from Montrose Regional Airport - Direct Flights From Denver, DFW - Easy drive to Telluride, Silverton, Ridgway, Ouray, and the Black Canyon of the Gunnison - A growing base of year-round tourism, hunting, national park visitors, and 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 and RV launch Schedule a private tour today and secure this unique Colorado hospitality asset before summer demand surges.
MLS# 20253028

Courtesy Of BRAY REAL ESTATE

(970) 241-2909

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Directions to 1702 E Main Street, Montrose, CO 81401

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† Based on a 30-year fixed rate of 3.38% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Interest rates are also subject to credit and property approval based on secondary market guidelines. The rates shown are based on average rates for our best qualified customers. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.