Active
1146 E HWY 50
Salida CO, 81201
$2,395,000
$276.56 per sqft
Active
8,660 sqft
Commercial
Built in 1977
Location, Opportunity and Income...this one has it all! This well maintained commercial property is currently used as monthly rentals and has virtually no vacancy. There are 18 single units with mini kitchens, 1 modular home and 1 manufactured home, laundry, outdoor park/picnic area and ample parking. The rooms rent for $800-$1200/month each, the modular home rents for $2,000/month and the manufactured home is currently traded with groundkeeper (previously rented for $1000/month. Currently 14 units are rented under 1 lucrative lease from a local business for its employee housing. If monthly rentals are not your thing, you can revert back to a traditional motel model and rent out nightly. There is also excellent development potential to re-develop into condos or townhomes for lease or sale. Excellent location on a highly visible and bustling section of Highway 50 in the popular mountain town of Salida Colorado. Property is only minutes from downtown Salida where quaint shops, restaurants and bars abound. Salida is a popular tourist destination offering world class whitewater rafting, skiing, fishing, mountain biking and hunting. Centrally located within a couple hours drive to all major city's and airports in Colorado. The lot is quite large at 1.1 acres - room to expand or develop into multi-unit neighborhood. Come check out this dynamic business opportunity today!
2318549
MLSⓇ ID
July 14, 2022
Listed
March 21, 2024
Updated
Map
1146 E HWY 50
Salida CO, 81201
Interior Features
Fireplace
No
Cooling
No
Heating
No
Exterior/Building Features
Lot Size
1.1 Acres
Lot Features
Subdividable
Roof
Composition
Sewer
Public Sewer
Other Property Details
Taxes
$8,377
Tax Frequency
Annually
Garage
No
Parking
Asphalt, Driveway-Gravel
Parking Total
20
View
No
County
Chaffee
Water Source
Public
Pool
No
Zoning
Commercial (C-1)
Buyer Agency Compensation
2.5%
Listing History
Date | Event | Price |
|---|---|---|
2/26/2024 | Price Change | $2,395,000 -13% |
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