3850 BroadwayEnglewood, CO 80113

Property Details for 3850 Broadway

Year built

1952

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

0.43 AC

Property size (Sq ft)

1,144 SF

Property type

Hospitality properties

Property subtype

Hotels

APN

2077-03-1-19-003

APU

207703119003

Description

This exceptional 21-key motel presents a compelling investment opportunity in Englewood, Colorado. Located on South Broadway, this property boasts high visibility and a long-standing operational history exceeding 20 years, demonstrating consistent and stable income generation. The motel's financial performance reflects a strong cash flow, making it an attractive prospect for owner-users seeking a proven, established business. The property includes 21 guest rooms, supplemented by six additional suite rooms, offering a total of 27 units. A significant portion of the guest rooms have undergone recent renovations, ensuring a modern and well-maintained guest experience. The motel's location in Arapahoe County, at 3850 S Broadway, Englewood, CO 80113, places it within a thriving commercial area, benefiting from high traffic and excellent accessibility. This owner/user investment opportunity offers a blend of established profitability and potential for future growth, making it an ideal acquisition for discerning investors seeking a stable and cash-flow positive hospitality asset. The property's long history of successful operation, coupled with its recent renovations and prime location, positions it for continued success in the competitive hospitality market. This is a rare chance to acquire a well-established and profitable motel with significant upside potential.

• CAP approach

  CAP return

  Valuation

  6%

  $278,831

  6.5%

  $257,383

  7%

  $238,998

• Comparable approach

  Method

  Valuation

  Relative Method

  $222,116

  Geo Method

  $222,116

• Alternative Use

  Use

  Valuation

  Residential

  $280,987

  Hospitality

  $257,383

  Educational

  $214,139

  Medical

  $221,504

  Retail

  $333,106

Location Insight

City

Englewood

County

Arapahoe

State

Colorado

Latitude

39.6467

Longitude

-104.987

CBSA code

19740

CBSA name

DENVER-AURORA, CO METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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