402 Main StAntonito, CO 81120

Property Details for 402 Main St

Year built

1911

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

0.34 AC

Property size (Sq ft)

3,750 SF

Property type

Retail space

APN

598729107120

APU

598729107120

Description

This exceptional investment opportunity presents a beautifully remodeled 14-key boutique hotel, the Steam Train Hotel, located at 402 Main St, Antonito, CO 81120. Built in 1911 and renovated in 2014, this two-story, 10,000 square foot property sits on a 30,000 square foot lot and is zoned for business use. The hotel's prime location in Antonito, Colorado, capitalizes on the area's thriving tourism industry, drawing visitors from around the globe to experience the Cumbres & Toltec Railroad. Guests enjoy easy access to numerous attractions, including Great Sand Dunes National Park and various outdoor recreational activities. The hotel itself includes a gift shop and restaurant, enhancing its revenue potential. The asking price is $695,000, translating to $69.50 per square foot. Owner financing may be available for qualified buyers. Note that separate opportunities exist to purchase an attached 2-bedroom home and a detached 2-bedroom home across the street for an additional $250,000, and a marijuana grow operation for an additional $400,000. The hotel is conveniently located 7 miles from the New Mexico border on Highway 285. This is a rare chance to own a piece of Colorado history and a thriving hospitality business.

• CAP approach

  CAP return

  Valuation

  6%

  $811,881

  6.5%

  $749,428

  7%

  $695,898

• Comparable approach

  Method

  Valuation

  Relative Method

  $844,603

  Geo Method

  $322,218

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $1,464,950

  Mixed-Use / Specialty

  $745,346

  Hospitality / Lodging

  $544,999

  Office

  $739,448

  Institutional / Educational

  $774,355

  Residential Income

  $905,995

  Multifamily

  $1,094,420

  Automotive / Energy

  $663,733

  Parking / Income-Based Land

  $230,440

  Restaurant / Food Service

  $384,649

  Healthcare / Senior Housing

  $765,785

Location Insight

City

Antonito

County

Conejos

State

Colorado

Latitude

37.0752

Longitude

-106.008

Property Tax & Assessments

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?

Please email our support team at [email protected] and they will add the team member.

How do I access a private listing?

Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.

How can I contact the broker?

We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.

How do I unsubscribe from emails?

At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].