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3515 Main Avenue Durango, CO 81301
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Key Details
Sold Price $2,700,000
Property Type Commercial
Sub Type Hotel/Motel
Listing Status Sold
Purchase Type For Sale
Square Footage 8,939 sqft
Price per Sqft $302
Subdivision Animas City
MLS Listing ID 801424
Sold Date 08/16/24
Year Built 1957
Tax Year 2021
Lot Size 0.550 Acres
Acres 0.55
Property Description
Well-established, recently renovated, and turnkey hotel operation in Durango, CO. The current owners have invested heavily over the years in building a brand and reputation that consistently ranks this hotel as one of the best in Durango. For the right investor, the timing is great to close on this property prior to the busy tourism season and immediately start seeing a return on the investment. This 25-room hotel property is located on North Main with 160 ft of Main Ave frontage. A large remodeled lobby with room for breakfast service sits adjacent to a separate manager's office, and commercial kitchen space. The property also includes a 1 bedroom manager's apartment that can be locked off and provides living space for a full-time or overnight manager. The Adventure Inn has strong historical occupancy rates and consistently improving ADR, having still turned a profit in 2020 during the COVID-19 pandemic, making it an outlier in the hospitality industry. All FFE included, including new beds and tv's in all rooms, as well as a custom designed website and all branding. Financials are available with a signed non-disclosure agreement.
Location
State CO
County La Plata
Interior
Heating Other
Cooling Other
Flooring Carpet, Tile
Equipment FFE
Furnishings Furnished
Exterior
Garage 20 + Total Spaces, Common, Concrete, Off Street, Paved
Garage Spaces 25.0
Utilities Available Electric, Internet, Natural Gas, Phone, Sanitary Sewer, Water
Waterfront No
Roof Type Metal
Building
Story 2
Sewer Public Sewer Installed
Water Public
New Construction No
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