Pending
3077 Main Avenue
Durango CO, 81301
$2,695,000
$224.86 per sqft
Pending
9 Baths
11,985 sqft
Commercial
Built in 1965
Courtesy of Coldwell Banker Distinctive Properties with Listing Contact: 970-375-5530
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 is at an all-time high, and the record number of visitors coming to the area looks to continue, 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/U.S. Highway 550, with 175' of frontage and a highly visible signage. The property is located within walking distance to several of Durango's most popular restaurants, a full service grocery store, retail shopping, the Durango Rec Center, and the Animas River Trail. Of the 35 rooms, 17 have two queen beds, four rooms have three queen beds, eight are single king rooms, and six are single queen rooms. Two of the single king rooms have been recently remodeled to include kitchenettes and new furniture. These king studio rooms rent for a premium, and have been very popular with guests. All but three of the rooms have hot water heat. In addition to the 35 guest rooms, there is also a one bedroom on-site manager's quarters. This could also be an excellent opportunity for redevelopment, or continue with renovating more rooms and make this into your own boutique motel. The income supports the continued operation of the existing motel as the current owner has done successfully for 45+ years.
810064
MLSⓇ ID
January 4, 2024
Listed
November 8, 2024
Updated
Map
3077 Main Avenue
Durango CO, 81301
Interior Features
Total Stories
2
Total Bathrooms
9
Full Bathrooms
9
Fireplace
No
Cooling
No
Heating
Yes
Heating Description
Electric, Hot Water, Natural Gas
Exterior/Building Features
Lot Size
0.6 Acres
Sewer
Connected, Public Sewer
Other Property Details
Area Name
Durango In Town
Days on Market
305
Garage
No
Parking
Common, Paved, Parking Space(s)
View
No
County
La Plata
Water Source
Public
Pool
No
Listing History
Date | Event | Price |
|---|---|---|
11/4/2024 | Pending | — |
7/31/2024 | Active | — |
6/3/2024 | Pending | — |
Courtesy of Coldwell Banker Distinctive Properties with
Listing Contact: 970-375-5530
SOURCE: The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange (IDX) program of Colorado Real Estate Network (CREN). All data deemed reliable but not guaranteed and should be independently verified. The information contained in this publication is subject to change without notice. TERMS OF USE: This publication is designed to provide information with regard to the subject matter covered. This listing information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. It is displayed with the understanding that the publisher and authors are not engaged in rendering real estate, legal, accounting, tax, or other professional services and that the publisher and authors are not offering such advice in this publication. If real estate, legal, or other expert assistance is required, the services of a competent, professional person should be sought.
WARRANTY: COLORADO REAL ESTATE NETWORK (CREN) MAKES NO WARRANTY OF ANY KIND WITH REGARD TO THIS MATERIAL, INCLUDING, BUT NOT LIMITED TO, THE IMPLIED WARRANTIES OF MERCHANTABILITY AND FITNESS FOR A PARTICULAR PURPOSE. COLORADO REAL ESTATE NETWORK SHALL NOT BE LIABLE FOR ERRORS CONTAINED HEREIN OR FOR ANY DAMAGES IN CONNECTION WITH THE FURNISHING, PERFORMANCE, OR USE OF THIS MATERIAL.
©COPYRIGHT (2024) by COLORADO REAL ESTATE NETWORK 121 N Park Avenue, Suite #4, Montrose, CO 81401. ALL RIGHTS RESERVED WORLDWIDE. No part of this publication may be reproduced, adapted, translated, stored in a retrieval system or transmitted in any form or by any means, electronic, mechanical, photocopying, recording, or otherwise, without the prior written permission of Colorado Real Estate Network (CREN).
PUBLISHERS NOTICE: All information is deemed reliable but is not guaranteed and should be independently verified. All real estate advertised herein is subject to the US Federal Fair Housing Act of 1968 and the Colorado Fair Housing Act, which makes it illegal to make or publish any advertisement that indicates any preference, limitation, or discrimination based on race, color, religion, sex, handicap, familial status, or national origin. Please check with your local government agency for more information.
Real estate listings held by companies other than Legacy Properties West will feature the respective company’s name.
Data last updated on: 11/8/2024