For Sale
$720,000

1231 Royal Gorge BlvdCañon City, CO 81212

Profitable Canon City Motel, 15 Keys

Overview

Added:
Dec 11, 2024
Days on market:
115
The American Inn, a well-maintained independent motel in Canon City, Colorado, presents a unique investment opportunity. This established business, operating successfully for over 14 years, is now being offered for sale by its retiring owner. Situated on a 10,560 square foot lot at 1231 Royal Gorge Blvd, Canon City, CO 81212, the motel boasts 6,954 square feet of building space spread across two stories. The property features 15 keys currently in operation, with the potential to expand to 18 rental units utilizing existing upper-floor space. Ample street parking is available for guests. The motel benefits from Canon City's thriving tourism industry, attracting visitors with its popular outdoor activities including white water rafting, hiking, sightseeing, rock climbing, biking, and fishing. The property's prime location ensures consistent occupancy. The 2023 property tax assessment was $9,975. This turnkey operation offers a solid return on investment for a new owner looking to capitalize on the area's robust tourism sector. The asking price for this established motel is $720,000. This represents a rare chance to acquire a profitable, established business in a desirable location.

Property Details for 1231 Royal Gorge Blvd

Property type
Hospitality properties, Motels
Square Feet
695,415 SF
Year Built
1955
Stories
2

Location Insight

City
Cañon City
County
Fremont
State
Colorado
Latitude
38.444828
Longitude
-105.230337
1231 Royal Gorge Blvd, Cañon City, Colorado

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1231 Royal Gorge Blvd
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