$1,250,000

2931 Us Hwy 160

South Fork CO, 81154

Description

Vibrant, successful, historic, 15 room Bed & Breakfast / Hotel with 24 seat restaurant (open to the public) and fully renovated commercial kitchen near Wolf Creek Ski area in the sunny, Southern Colorado Mountains! 360-degree mountain views, fully furnished, turn-key with great guest reviews. Open year-round with two very strong peak seasons - summer tourist season and winter ski season. UP TO 20% Owner Financing Available! Listed on the National Register of Historic Places, this property is eligible for Historic Preservation and Restoration Grants, but you don't really need them. It's up and running, fully functioning, comfortable and SOLD OUT most nights in June, July, August, September, December, and March! Average yearly gross revenue for the last four years is $360,000 providing a comfortable salary PLUS full living quarters, utilities and much, much more for the owners or on-site manager. Yearly net income averages $130,000. There are 4 Jacuzzi Suites in the historic B&B, 8 hotel rooms, 1 cabin, 2 - 500 sq ft apartments, and 11 RV sites with full hookups. All rooms, apartments and cabins have Direct TV and fast, reliable Wi-Fi. New indoor hot tub with renovated decking and new electrical and plumbing. All appliances, inventory, and antiques are owned (not leased) and are included with the sale, (save a few personal items.) Many, many upgrades have been made to this property to ensure it runs smoothly and is LOVED by guests and employees alike. The owner's quarters is 2,000 square feet, 3 bedrooms, 1 bath with a private entrance, private laundry, private yard and wood-burning stove. An innkeeper's couple currently lives on site and manages many of the day to day duties of the property including housekeeping, front desk and reservations. This large, efficient B&B has a solid client base, hundreds of return guests each year, and is set up for a smooth transition in ownership. The current owners will include several weeks of training for the new owners if desired.

Details

MLS#764251
StyleIQWeb_Other Business Opportunity
Sub-TypeResale
StatusActive
Year1926
Days On Site45

Features

SQ Feet12,000
Story(s)0
Units15
ZoningCommercial

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Area Information

StateCO
CountyRio Grande
CitySouth Fork
Zip Code81154
AreaSouth Fork
Listing VS Median (in 81154)
Price:
$1,250,000
low | high
Med:
$74,450
100% of Average
SqFt:
12,000
low | high
Med:
0
100% of Average
$ / SqFt:
$104
low | high
Med:
$0
100% of Average
On Site:
45
low | high
Med:
619
7.269789983845% of Average
Listing Updated: 12/10/2019
MLS Number: 764251
Listing Provided By:
Dee Plucinski  of  Steffens and Company Realty Inc



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