102 Mccormick PkwyCañon City, CO 81212

Property Details for 102 Mccormick Pkwy

Year built

2007

Lot size

1.72 AC

Property size (Sq ft)

36,919 SF

Property type

Hospitality properties

Property subtype

Motels

APN

99926524

APU

99926524

Description

This exceptional 64-key Hampton Inn, a Hilton brand subsidiary, is offered at $9,800,000. Boasting a 67.2% occupancy rate and a commanding #1 position within its competitive set, this three-story, 25,000 square foot hotel presents a compelling investment opportunity. Built in 2008 on a 1.78-acre lot in Canon City, Colorado (APN: 000099926524), the property features a range of amenities including a free breakfast, fitness center, indoor heated pool and spa, Wi-Fi, banquet/meeting room, and a boardroom. Its strategic location near the Royal Gorge, a major Colorado tourist attraction, ensures consistent high demand. The $392 per square foot price reflects the property's strong performance and potential. The hotel's 64 keys are priced at $153,125 each. Further expansion potential exists due to adjacent land suitable for more than doubling the current room count. This stabilized investment is zoned commercial and is ideally suited for a 1031 exchange. The property is located at 102 McCormick Pkwy, Canon City, CO 81212.

• CAP approach

  CAP return

  Valuation

  6%

  $9,172,363

  6.5%

  $8,466,797

  7%

  $7,862,026

• Comparable approach

  Method

  Valuation

  Relative Method

  $7,168,082

  Geo Method

  $7,168,082

• Alternative Use

  Use

  Valuation

  Residential

  $9,243,282

  Hospitality

  $8,466,797

  Educational

  $7,044,276

  Medical

  $7,286,539

  Retail

  $10,957,762

Location Insight

City

Canon City

County

Fremont

State

Colorado

Latitude

38.4476

Longitude

-105.186

CBSA code

15860

CBSA name

CANON CITY, CO MICROPOLITAN STATISTICAL AREA

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].