530 Grand Mesa DrCedaredge, CO 81413

Property Details for 530 Grand Mesa Dr

Year built

1996

Construction

FRAME

Lot size

1.05 AC

Property size (Sq ft)

14,028 SF

Property type

Hospitality properties

Property subtype

Hotels

APN

319329200033

APU

319329200033

Description

This exceptional 15,228 square foot facility presents a unique investment opportunity in the charming town of Cedaredge, Colorado. Situated on a 1.05-acre lot, this well-maintained property enjoys a prime location near the majestic Grand Mesa. The hotel boasts 30 guest rooms and an impressive 32 bathrooms, providing ample accommodation for a variety of guests. Recent renovations have significantly enhanced the guest experience, including a completely remodeled indoor pool and hot tub, perfect for relaxation after a day of exploring the surrounding area. Further enhancing convenience for guests, new vending machines and an on-site guest laundry are available. The property's inviting atmosphere and close proximity to the Grand Mesa make it an ideal destination for tourists and travelers seeking a comfortable and memorable stay. This turnkey operation offers significant potential for continued success and growth within a thriving community. The property's size and amenities make it suitable for a variety of uses, presenting a compelling investment opportunity for discerning buyers. The exceptional condition and recent upgrades ensure a smooth transition for new ownership, minimizing immediate capital expenditures. This is a rare opportunity to acquire a well-established and profitable hotel in a desirable mountain location.

• CAP approach

  CAP return

  Valuation

  6%

  $2,928,180

  6.5%

  $2,702,936

  7%

  $2,509,869

• Comparable approach

  Method

  Valuation

  Relative Method

  $6,708,725

  Geo Method

  $2,723,634

• Alternative Use

  Use

  Valuation

  Residential

  $2,950,820

  Hospitality

  $2,702,936

  Educational

  $2,248,811

  Medical

  $2,326,151

  Retail

  $3,498,150

Location Insight

City

Cedaredge

County

Delta

State

Colorado

Latitude

38.8957

Longitude

-107.927

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].