620 Colorado AveColorado Springs, CO 80905

Property Details for 620 Colorado Ave

Year built

1930

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

0.70 AC

Property size (Sq ft)

1,680 SF

Zone code

C6

Property type

Motels

APN

7413126015

APU

7413126015

Description

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.

Location Insight

City

Colorado Springs

County

El Paso

State

Colorado

Latitude

38.8332

Longitude

-104.837

CBSA code

17820

CBSA name

COLORADO SPRINGS, CO METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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