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Pamela Gonacha, Associate Broker
FOR SALE
$2,395,000
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1146 E Hwy 50
Salida, CO 81201

Other
Residence
8,660
Sqft
1.1
Lot Size
Courtesy: Pinon Real Estate Group LLC

Description for 1146 E Hwy 50 Salida, CO 81201

Location, Opportunity and Income...this one has it all! This well maintained commercial property is currently used as monthly rentals and has virtually no vacancy. There are 18 single units with mini kitchens, 1 modular home and 1 manufactured home, laundry, outdoor park/picnic area and ample parking. The rooms rent for $800-$1200/month each, the modular home rents for $2,000/month and the manufactured home is currently traded with groundkeeper (previously rented for $1000/month. Currently 14 units are rented under 1 lucrative lease from a local business for its employee housing. If monthly rentals are not your thing, you can revert back to a traditional motel model and rent out nightly. There is also excellent development potential to re-develop into condos or townhomes for lease or sale. Excellent location on a highly visible and bustling section of Highway 50 in the popular mountain town of Salida Colorado. Property is only minutes from downtown Salida where quaint shops, restaurants and bars abound. Salida is a popular tourist destination offering world class whitewater rafting, skiing, fishing, mountain biking and hunting. Centrally located within a couple hours drive to all major city's and airports in Colorado. The lot is quite large at 1.1 acres - room to expand or develop into multi-unit neighborhood. Come check out this dynamic business opportunity today!

Property Details

2318549
Other
Chaffee
1977
1.1 Acres
Public
Concrete, Frame, Other
Public Sewer
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Courtesy: Pinon Real Estate Group LLC

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Pamela Gonacha 4710 Table Mesa Dr. Ste. A, Boulder, CO 80305 | Phone: (303) 324-9600 | Email: [email protected]

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