Active
3515 Main Avenue
Durango CO, 81301
$2,700,000
$302.05 per sqft
Active
8,939 sqft
Commercial
Built in 1957
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.
801424
MLSⓇ ID
March 6, 2023
Listed
April 12, 2024
Updated
Map
3515 Main Avenue
Durango CO, 81301
Interior Features
Total Stories
2
Floor Description
Carpet, Tile
Fireplace
No
Cooling
Yes
Cooling Description
Other
Heating
Yes
Heating Description
Natural Gas, Other
Exterior/Building Features
Lot Size
0.55 Acres
Lot Features
Corner Lot, Corners Marked, Foothills, Landscaped
Roof
Metal
Sewer
Connected, Public Sewer
Other Property Details
Area Name
Durango In Town
Days on Market
156
Garage
No
Parking
Common, Concrete, Off Street, Paved, Parking Space(s)
Parking Total
25
View
No
County
La Plata
Water Source
Public
Pool
No
Courtesy of RE/MAX Pinnacle with
Listing Contact: 970-903-3323
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Data last updated on: 4/12/2024