$365,000
$380,000
3.9%For more information regarding the value of a property, please contact us for a free consultation.
205 E Victory WAY Craig, CO 81625
11,788 SqFt
Key Details
Sold Price $365,000
Property Type Commercial
Sub Type Hotel-Motel
Listing Status Sold
Purchase Type For Sale
Square Footage 11,788 sqft
Price per Sqft $30
Subdivision See Remarks
MLS Listing ID 1000517
Sold Date 06/04/21
HOA Y/N No
Year Built 1938
Annual Tax Amount $1,289
Tax Year 2020
Lot Size 0.360 Acres
Acres 0.36
Property Sub-Type Hotel-Motel
Source Vail Multi-List Service
Property Description
The Colorado Inn & Suites is a 22-unit long term stay facility that provides affordable housing for veterans, seniors, and those having trouble finding temporary accommodations. Current ownership works with several local organizations in offering housing to the community and has seen approximately 75% occupancy since taking over management and a T3 annualized cap rate of 10.8%. Units come furnished with a bed, television, mini-fridge, coffee maker, and microwave. Amenities include wireless internet, cable television, vending machines, and a laundry facility.
Location
State CO
County Moffat
Community See Remarks
Area Out Of Area
Zoning Community General
Interior
Heating See Remarks
Exterior
Parking Features Parking Lot
Utilities Available Cable Available, Electricity Available, Water Available
Roof Type Metal
Building
Foundation Poured in Place
Lot Size Range 0.36
Others
Tax ID 065736432010
Read Less
Want to know what your home might be worth? Contact us for a FREE valuation!
Our team is ready to help you sell your home for the highest possible price ASAP
GET MORE INFORMATION