1415 Grand Avenue

Norwood, CO 81423

About this property

Back on Market. The perfect opportunity to purchase a well maintained Motel, in a unique Western Colorado ranch town, at a super-low price. The Norwood Inn is now available offering a 14% CAP Rate for an Absentee Owner/Investor! All 12 rooms are equipped with kitchen and bath and have been upgraded throughout the past 4 years. Owner/Manager unit is adjacent to the office/front desk area. The Inn is in a prime downtown location with plenty of off street parking, and close proximity to restaurants and a grocery store. Regular guests include business travelers and contractors, (who typically are extended stay), as well as tourists, hunters, skiers, and other outdoor enthusiasts. Telluride Ski & Golf Resort is just 45 minutes away with Shuttle service stop directly in front of Motel. This Property will not last long at this price! Find the Motel website for additional details and photos.

Date Added
March 18, 2020
Listing Status
Active
Days On Site
13
MLS#
767745

Features and Additional Information

Lot Size
0 SqFt
Acreage
0.00
Property Type
Commercial
Style
Hospitality
Sub-Type
Resale
Year
1947
Garage
0
Pool
No
Story(s)
1
Property View
No
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$590,000 Active
0 Beds
0 Baths
4,074 SQFT

Presented By Ken Van Skiver

Get in touch today! Phone: (970) 249-2449
License #EA.001178615
Brokerage
Montrose
(970) 249-2449
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Area Information

West End | San Miguel CO County |

$ 590,000
This listing is play_arrow 162.2% higher than the average in the area
$ 225,000 in the area
7,679 SqFt
This listing is play_arrow 339.10% larger than the average in the area
1,972 SqFt in the area
$ 231 $/SqFt
This listing is play_arrow 22% less than the average in the area
$ 295 $/SqFt in the area
13 days on site
This listing is play_arrow 96.3% below the average in the area
347 days on site in the area

Schools in the Area

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    Elementary School
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    Middle School
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