For Sale
$1,800,000

620 Colorado AveColorado Springs, CO 80905

Profitable Colorado Springs Motel - 29 Keys

Overview

Added:
Dec 11, 2024
Days on market:
117
The Springs Inn, a well-maintained, totally renovated (2023-2024) motel, presents a compelling investment opportunity in the heart of Colorado Springs, CO. This 2-story, solid brick building boasts 29 keys, providing substantial rental income potential. Located at 620 W Colorado Ave, 80905, the property enjoys a prime location within walking distance of downtown Colorado Springs. The substantial building size of 20,806 square feet sits on a generous 30,275 square foot lot, offering ample space and potential for future expansion or development. The property includes a manager's living quarters, adding to its operational convenience. The asking price for this exceptional hospitality asset is $1,800,000. This turnkey operation is ready for a new owner to step in and continue its success. Its strong location and recent renovations make it an attractive investment for those seeking a profitable venture in a thriving Colorado Springs market. The property's solid construction and ample space contribute to its long-term value and potential for increased profitability. This is a rare opportunity to acquire a well-established and highly profitable motel in a desirable location. The Springs Inn offers a blend of immediate income generation and significant long-term growth potential.

Highlights

  • Totally renovated (2023-2024) 29-key motel in prime Colorado Springs location.
  • 20,806 SF building on a 30,275 SF lot, offering expansion potential.
  • $1,800,000 asking price.
  • Includes on-site manager's quarters.
  • Turnkey operation with strong rental income potential.

Property Details for 620 Colorado Ave

Property type
Hospitality properties, Motels

Location Insight

City
Colorado Springs
County
El Paso
State
Colorado
Latitude
38.8329737
Longitude
-104.8369571
620 Colorado Ave, Colorado Springs, Colorado

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620 Colorado Ave
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