Akron, CO 80720 625 E 1st St
$530,000
30 more
Presented By: Platte River Realty LLC; 9708671181
Home Details
Great investment opportunity to own a well established motel in Akron, Colorado with Hwy 34 Frontage! This motel was built in 1959 with a brick exterior and consists of 13 rooms (9 Doubles and 4 Singles) including a singles ADA compliant room. There is a 1-bedroom private manager's/owner's residence with a full kitchen, living room, full bathroom and laundry area. The "Mess Hall" with kitchen can be rented out for meetings/events for additional revenue. 2 Water Taps! Guest laundry facility and separate housekeeping/laundry area. Ice machine on site. This motel has been well taken care of over the years and is ready for a new owner.
Presented By: Platte River Realty LLC; 9708671181
Interior Features for 625 E 1st St
Other Interior Features
LivingAreaSourceAssessor
Air Conditioning Y/NYes
BasementNone
Fireplace Y/NNo
Heating Y/NYes
Interior AmenitiesKitchenette
General for 625 E 1st St
AccessibilityLevel Lot, No Stairs
Attached Garage No
Building FeaturesLawn Sprinkler System, Storage on Site
Business TypeOther Commerical, Mixed
Cap Rate26.32
CityAkron
Construction MaterialsWood/Frame, Brick/Brick Veneer
CoolingRefrigeration/HVAC, Window Unit(s)
CountyWashington
ElectricElectric, YW Electric
ExclusionsSeller's personal property
Garage Y/NNo
Gas Y/NNatural Gas, Black Hills
Gross Income144588
HOANo
Heating2 or more Heat Sources
Land Lease Y/NNo
Living Area UnitsSquare Feet
Lot Size Square Feet51401
Lot Size UnitsSquare Feet
MLS AreaWashington
Net Operating Income139516
New ConstructionNo
Operating Expense5072
Possible UseCommercial or Industrial
Property Attached Y/NNo
Property ConditionNot New, Previously Owned
Property SubtypeSale: Commercial/Industrial
Property TypeCommercial Sale
RoofComposition
Senior Community Y/NNo
SewerCity Sewer
Standard StatusActive
StatusActive
Subdivision NameSouth of Morningside
Tax Annual Amount5072
Tax Year2023
Tenant PaysDeposit
UtilitiesNatural Gas Available, Electricity Available
Virtual TourClick here
Year Built1959
ZoningCommercial
Exterior for 625 E 1st St
Building Area Total5916
Horse Y/NNo
Lot FeaturesCurbs, Sidewalks, Within City Limits
Lot Size Acres1.18
Lot Size Area51401
Parking FeaturesPaved
Road Frontage TypeCity Street, Highway
Road Surface TypePaved, Asphalt
SpaNo
Water SourceCity Water, Town of Akron
WaterfrontY/NNo
Additional Details
Price History
