3077 Main Avenue

Durango, CO 81301

About this property

Don't miss out on this excellent opportunity to own a successful, longstanding lodging operation in the heart of Historic Durango, Colorado! Tourism in the area stayed strong through the down economy, and the number of visitors currently coming to the area is increasing, so this is your chance to capitalize on the growing Durango tourism industry. This well-established motel operation caters to tourists during all seasons, and offers extended stay rates during the off-season as well for those needing something more long-term. This 35 room motel is located on a busy stretch of Main avenue, with 175' of Main Avenue frontage and a highly visible signage. The property is located within walking distance to several popular restaurants, a full service grocery store, retail shopping, the Durango Rec Center, and the Animas River Trail. Of the 35 rooms, 19 have two queen beds, four rooms have three queen beds, six are single king rooms, and six are single queen rooms. All but three of the rooms have hot water heat. This could also be an excellent opportunity for redevelopment, or remodel the existing motel and open your own boutique motel, or continue to operate the existing motel as the current owner has done successfully for many years.

Date Added
October 7, 2017
Listing Status
Active
Days On Site
799
MLS#
738494

Features and Additional Information

Lot Size
0 SqFt
Acreage
0.00
Property Type
Commercial
Style
Hospitality
Sub-Type
Resale
Year
1965
Garage
0
Pool
No
Story(s)
2
Property View
No
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$2,150,000 Active
0 Beds
0 Baths
11,985 SQFT

Presented By Coldwell Banker Distinctive Properties, Steamboat Springs

Get in touch today! Phone: (970) 879-8814
Brokerage
Steamboat Springs
(970) 879-8814
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Area Information

Durango In Town | La Plata County |

$ 2,150,000
This listing is play_arrow 397.1% higher than the average in the area
$ 432,500 in the area
11,985 SqFt
This listing is play_arrow 1326.8% larger than the average in the area
840 SqFt in the area
$ 179 $/SqFt
This listing is play_arrow 65.2% less than the average in the area
$ 515 $/SqFt in the area
799 days on site
This listing is play_arrow 348.9% above the average in the area
178 days on site in the area

Schools in the Area

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