925 1St AveMonte Vista, CO 81144
- Hospitality properties
- 28,862 SF
Property Details for 925 1St Ave
- Year built
- 1930
- Construction
- FRAME
- Lot size
- 0.74 AC
- Property size (Sq ft)
- 28,862 SF
- Property type
- Hospitality properties
- Property subtype
- Hotels
- APN
- 3531309003
- APU
- 3531309003
Description
This exceptional 27,716 square foot hotel, built in 1929, presents a lucrative investment opportunity. Located at 925 1st Ave, Monte Vista, CO 81144, this three-story, commercially zoned property sits on a 32,352 square foot lot. The Monte Villa Hotel boasts 40 rooms, each with a full bathroom, plus a manager's suite. Recent renovations have enhanced this historic enterprise, which includes a restaurant, a bar/lounge (formerly the Villa Pub), an on-site breakfast café/coffee shop, a fully equipped kitchen, ample storage space, a staff laundry facility, and a stunning conference/event space featuring a beautiful stained-glass ceiling. The hotel benefits from high visibility on Main Street, a spacious parking lot, and significant tax advantages for the new owner. The asking price is $1,499,000 ($54.08 per square foot). This is a rare chance to acquire a well-established, renovated hotel in a high-traffic area.
Location Insight
- City
- Monte Vista
- County
- Rio Grande
- State
- Colorado
- Latitude
- 37.5809
- Longitude
- -106.146
Property Tax & Assessments
Comparable in this City
Similar Nearby for Sale
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