3077 Main AveDurango, CO 81301

This exceptional 11,985 square foot hospitality property, located at 3077 Main Avenue in Durango, Colorado, presents a lucrative investment opportunity. Priced at $2,695,000 ($224.86/sq ft), this well-established motel boasts 35 keys, strategically positioned on a busy stretch of Main Avenue/US Highway 550, offering 175 feet of highly visible frontage. The property's prime location places it within walking distance of popular restaurants, a grocery store, retail shops, the Durango Rec Center, and the Animas River Trail, ensuring consistent guest traffic. The motel's room configuration includes 17 rooms with two queen beds, four with three queen beds, eight with a single king bed, and six with a single queen bed. Two recently remodeled king studio rooms, featuring kitchenettes and new furniture, command premium rental rates. Almost all rooms (32 of 35) offer hot water heat. An on-site one-bedroom manager's apartment is also included. This property offers significant potential for continued operation as a successful motel, or redevelopment into a boutique hotel. The current owner has operated the motel successfully for over 45 years, demonstrating its strong income potential and enduring appeal in Durango's thriving tourism market. The property's zip code is 81301.