3518 W Colorado Avenue Colorado Springs, CO $ 3,000,000
3518 W Colorado Avenue
$ 3,000,000
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3518 W Colorado Avenue

Colorado Springs, CO, 80904
$ 3,000,000
Bedrooms-- Baths-- Sq 17,098

Monthly Estimate*

$ 18,472

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Commercial Property for sale in Colorado Springs, CO

for $3,000,000. This 17,098 square foot building was built in 1930 on a lot size of 0.666.

Exceptional Lodging Property in Prime Pikes Peak Location! This is a rare opportunity to acquire a well-established lodging business, family-owned and operated for over 45 years, with a stellar reputation in the Pikes Peak region. Situated between Old Colorado City and Manitou Springs, the location is ideal for tourists visiting popular attractions like Garden of the Gods and historic Manitou Springs.The property includes generous on-site living accommodations, with a full kitchen, two bedrooms, three bathrooms, a large living room, dining area, and an office. It’s perfect for an owner/operator looking to combine home and work life, with no commute and stunning views of Pikes Peak right outside your door. Currently operated as a seasonal business, the property offers great flexibility. You can maintain the current summer season operation or expand to year-round accommodations. With all 22 rooms on the ground floor, the property is also ideal for transitioning into extended-stay lodging, senior living, Employee Housing, or even assisted living. The possibilities are vast, allowing you to shape the future of this property to meet your vision. Occupying its own city block, the property is close to grocery stores, pharmacies, and dining options, making it convenient for both guests and owners. The swimming pool and hot tub provide a relaxing space for leisure, while the iconic retro sign adds a unique charm and local history to the property’s appeal.This business is fully operational and ready for a new owner to continue its success. Whether you choose to operate seasonally or year-round, or pursue new opportunities like extended stays or senior living, this turnkey property offers unlimited potential for growth in a prime tourist destination.

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Commercial Active

Price

$ 3,000,000

Property Type

Commercial

Taxes

$ 4,568

Style

Hotel/Motel

Lot Size

0.666

Year Built

1930

Town/City

Colorado Springs

County/Region

El Paso

MLS | Web ID

7594641

Features
General
Property Type Commercial
Yearly Taxes 4568.31
Status Active
Sub Type Hotel/Motel
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* Excluded Features
List By
Demos Real Estate And Investments

Broker

Bdemos@aol.com

Email

Affordability Calculator

$18,852
Per Month
98%
2%
0%
Monthly Principal & Interest
$18,472
Monthly Property Taxes
$381
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.25% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
267029 Elementary School
266932 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
9/23/2024$3,000,000 Listed Price

Map


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3518 W Colorado Avenue, Colorado Springs, CO, 80904 is a Commercial Property for sale at $3,000,000 with 17,098 sqft and a lot size of 0.666. 3518 W Colorado Avenue was built in 1930. The property's zip code is 80904 which is in Colorado Springs, CO