For Sale
$1,500,000

500 7Th StLeadville, CO 80461

14-Room Hotel, High ROI Potential

Overview

Added:
Dec 11, 2024
Days on market:
116
This exceptional 14-key hotel in Leadville, Colorado, presents a compelling investment opportunity. The property, comprised of two buildings totaling 7,587 square feet on a 10,752 square foot lot, boasts a diverse mix of accommodations, including dorm-style and private ensuite rooms, catering to a wide range of travelers. The main building features 11 rooms, while the second building, recently remodeled, adds 3 more. Guest amenities include two family rooms, a spacious kitchen, a dining room, and a coin-operated laundry room (two washers and two dryers). An on-site manager's apartment and employee laundry facilities (one washer and one dryer) are also included. Heating is a combination of furnace and electric, with one new furnace in the main building. Ample off-street parking is available. The property's strong financial performance is highlighted by a current NOI of $221,729 and a pro-forma NOI of $247,406, translating to a current cap rate of 14.78% and a pro-forma cap rate of 16.49%. Built in 1970, this well-established hotel benefits from a prime location in Leadville, close to renowned ski resorts, ensuring year-round recreational opportunities and high demand for affordable lodging. The asking price is $1,500,000, representing a price per key of $107,142.86. This presents a rare chance to acquire a profitable hospitality asset with significant upside potential in a thriving Colorado mountain town.

Highlights

  • Leadville, CO prime location near renowned ski resorts, offering year-round recreation.
  • Over 10,000 SF lot.
  • Newly remodeled building (#2) with added room.
  • On-site laundry.
  • Diverse lodging options accommodating solo travelers, groups, and families.
  • High demand and historically high occupancy rates for affordable Leadville lodging.

Property Details for 500 7Th St

Property type
Hospitality properties, Hotels
Square Feet
7,587 SF
Year Built
1970
Buildings
2

Location Insight

City
Leadville
County
Lake
State
Colorado
Latitude
39.251389
Longitude
-106.2852312
500 7Th St, Leadville, Colorado

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500 7Th St
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