This property in Montrose, Colorado, presents an exceptional investment opportunity, ideal for various ventures such as boutique hotels, Airbnb, lifestyle accommodations, or wedding venues. The interior includes a welcoming guest check-in area, seven elegantly designed suites, and four well-appointed bathrooms. Cozy fireplaces enhance the ambiance, while five separate entrances provide convenience and privacy. Located within walking distance of local eateries, including a Mexican restaurant and a bar, the property also features a manager's live-in suite complete with a bathroom and kitchen. Guests will appreciate amenities like an outdoor pool, a designated cooking area, and private patios. Ample parking is available, accommodating up to 15 vehicles. Situated just minutes from the Montrose Regional Airport, this property is the perfect gateway to the Telluride ski resort, Silverton, and various year-round recreational activities. Its convenient proximity to popular destinations such as Ridgeway, Ouray, Grand Junction, and Durango makes it a prime location that should not be overlooked. Property Facts: 3,700 Square Feet 0.57 Acres Guest Check In Area Manager Live In Suite (Includes Bathroom & Kitchen) 7 Suites 4 Bathrooms Fireplaces 5 Separate Entrances Private Patios Exterior Cooking Area Outdoor Pool 15 Parking Spaces Main Street Access & Visibility Walking Distance to Restaurants Seller Financing Available Montrose Facts: Elevation: 5,807 Population: 21,003 (2022) Total Area: 18.5 Square Miles Founded 1882
Details
MLS#
818176
Listing Type
For Sale
Style
Hospitality
Sub-Type
Resale
Status
Active
Year
1955
Days On Site
17
Listing Provided By
Bray Commercial LLC | Katherine Davis
Features
Bath(s)
4 Total
SQ Feet
3,261
Story(s)
1
Units
5
Zoning
Business
Acreage
0.57
Market Activity 81401
Date
Sales
Avg $ Per SqFt
Min Sale Price
Max Sale Price
Med Sale Price
Date: Sep 2024
Sales: 2
Avg $ Per SqFt: $181.06
Min Sale Price: $76,000
Max Sale Price: $440,775
Med Sale Price: $258,387
Date: Aug 2024
Sales: 19
Avg $ Per SqFt: $211.82
Min Sale Price: $50,000
Max Sale Price: $1,050,000
Med Sale Price: $380,000
Date: Jul 2024
Sales: 17
Avg $ Per SqFt: $273
Min Sale Price: $148,000
Max Sale Price: $587,000
Med Sale Price: $356,500
Date: Jun 2024
Sales: 13
Avg $ Per SqFt: $249.92
Min Sale Price: $165,000
Max Sale Price: $1,400,000
Med Sale Price: $435,000
Date: May 2024
Sales: 9
Avg $ Per SqFt: $281.81
Min Sale Price: $310,000
Max Sale Price: $575,000
Med Sale Price: $510,000
Date: Apr 2024
Sales: 4
Avg $ Per SqFt: $237.25
Min Sale Price: $139,900
Max Sale Price: $404,000
Med Sale Price: $360,500
Date: Mar 2024
Sales: 7
Avg $ Per SqFt: $264.15
Min Sale Price: $82,500
Max Sale Price: $550,000
Med Sale Price: $305,000
Date: Feb 2024
Sales: 10
Avg $ Per SqFt: $296.59
Min Sale Price: $99,500
Max Sale Price: $700,000
Med Sale Price: $113,500
Date: Jan 2024
Sales: 4
Avg $ Per SqFt: $232.07
Min Sale Price: $169,900
Max Sale Price: $570,000
Med Sale Price: $497,450
Date: Dec 2023
Sales: 1
Avg $ Per SqFt: $323.59
Min Sale Price: $642,000
Max Sale Price: $642,000
Med Sale Price: $642,000
Date: Nov 2023
Sales: 4
Avg $ Per SqFt: $276.73
Min Sale Price: $265,000
Max Sale Price: $549,000
Med Sale Price: $467,654
Date: Oct 2023
Sales: 3
Avg $ Per SqFt: $288.63
Min Sale Price: $90,000
Max Sale Price: $559,000
Med Sale Price: $528,000
Sourced by Back At You
Sep 2024
Sales:
2
Avg $ Per SqFt:
$181.06
Min Sale Price:
$76,000
Max Sale Price:
$440,775
Med Sale Price:
$258,387
Aug 2024
Sales:
19
Avg $ Per SqFt:
$211.82
Min Sale Price:
$50,000
Max Sale Price:
$1,050,000
Med Sale Price:
$380,000
Jul 2024
Sales:
17
Avg $ Per SqFt:
$273
Min Sale Price:
$148,000
Max Sale Price:
$587,000
Med Sale Price:
$356,500
Jun 2024
Sales:
13
Avg $ Per SqFt:
$249.92
Min Sale Price:
$165,000
Max Sale Price:
$1,400,000
Med Sale Price:
$435,000
May 2024
Sales:
9
Avg $ Per SqFt:
$281.81
Min Sale Price:
$310,000
Max Sale Price:
$575,000
Med Sale Price:
$510,000
Apr 2024
Sales:
4
Avg $ Per SqFt:
$237.25
Min Sale Price:
$139,900
Max Sale Price:
$404,000
Med Sale Price:
$360,500
Mar 2024
Sales:
7
Avg $ Per SqFt:
$264.15
Min Sale Price:
$82,500
Max Sale Price:
$550,000
Med Sale Price:
$305,000
Feb 2024
Sales:
10
Avg $ Per SqFt:
$296.59
Min Sale Price:
$99,500
Max Sale Price:
$700,000
Med Sale Price:
$113,500
Jan 2024
Sales:
4
Avg $ Per SqFt:
$232.07
Min Sale Price:
$169,900
Max Sale Price:
$570,000
Med Sale Price:
$497,450
Dec 2023
Sales:
1
Avg $ Per SqFt:
$323.59
Min Sale Price:
$642,000
Max Sale Price:
$642,000
Med Sale Price:
$642,000
Nov 2023
Sales:
4
Avg $ Per SqFt:
$276.73
Min Sale Price:
$265,000
Max Sale Price:
$549,000
Med Sale Price:
$467,654
Oct 2023
Sales:
3
Avg $ Per SqFt:
$288.63
Min Sale Price:
$90,000
Max Sale Price:
$559,000
Med Sale Price:
$528,000
MLS Number: 818176
Katherine Davis – (970) 778-5083 – katie@brayandco.com