Main St Montrose, CO 81401-3811

This 3,261 sq ft motel in Montrose, CO, presents a lucrative investment opportunity. Built in 1955 and renovated in 2000, this single-story building sits on a 0.57-acre lot with 15 parking spaces. The property boasts seven suites, four bathrooms, and five separate entrances, enhancing guest privacy and convenience. Amenities include an outdoor pool, a cooking area, and private patios. A manager's suite with a kitchen and bathroom is included. Located on E Main Street, it offers excellent visibility and is within walking distance of local restaurants. The property is zoned B2 and features fireplaces in the suites. The asking price is $1,200,000. Seller financing is available. Note: Transfer of deed and closing are contingent upon a successful subdivision split with the City of Montrose, estimated for completion in April 2025. This property offers easy access to Montrose Regional Airport and proximity to popular destinations like Telluride, Silverton, Ridgeway, Ouray, Grand Junction, and Durango. The property's potential extends to various ventures, including boutique hotels, Airbnb, lifestyle accommodations, or wedding venues.