Main StMontrose, CO 81401

Property Details for Main St

Property type

Commercial real estate

Description

This exceptional 3,700 sq ft bed and breakfast inn in Montrose, CO, presents a lucrative investment opportunity. Projected to generate $85,800 in NOI with a 7.2% net cap rate (AIRDNA), this property boasts four (potentially five) elegantly appointed suites, each with private access. The inn features four bathrooms, cozy fireplaces, a welcoming guest check-in area, and a manager's suite complete with a kitchen and bathroom. Outdoor amenities include a pool, a cooking area, and private patios. Ample parking accommodates up to 15 vehicles. Located on Main Street, it enjoys high visibility and is within walking distance of local restaurants. The 0.57-acre property offers easy access to Montrose Regional Airport and is minutes from popular destinations like Telluride, Silverton, Ridgeway, Ouray, Grand Junction, and Durango, making it ideal for various ventures, including boutique hotels, Airbnb, lifestyle accommodations, or wedding venues. Seller financing is available. The property's prime location and strong projected returns make this a truly exceptional investment opportunity in a thriving Colorado community.

Location Insight

City

Montrose

County

Montrose

State

Colorado

Latitude

38.4773

Longitude

-107.88

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