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$350,000 For Sale

731 N 3rd St
Sterling, CO 80751



lot:1 acre
Commercial: Commercial - MLS# 838384
Property Photo
1/4

Description

STERLING MOTOR LODGE IS AN 18 ROOM MOTEL WITH ON SIGHT MANAGER APARTMENT. ROOMS RENTED NIGHTLY, WEEKLY AND MONTHLY. SOME ROOMS HAVE BEEN UPDATED, SOME HAVE KITCHENETTES. WHEN THE N 3RD STREET BECOMES A 2 WAY, PROPERTY VISIBILITY WILL DOUBLE. LAST 3 YEARS OF RENTAL INCOME AVAILABLE FOR PREVIEW WITH SIGNED CONFIDENTIALITY AGREEMENT WITH QUALIFIED BUYERS.

Features

  • Commercial Industrial Type: Other Commerical
  • Construction: Wood/Frame
  • Cooling: Window A/C Units
  • County/Area: Logan County
  • Gross Operating Income: 136000.0000
  • Heating: Individual Heat Source
  • Listing Status: Active
  • Locale: Sterling
  • Lot Size: 1.0000
  • Lot SqFt: 43503
  • Net Operating Income: 134773.0000
  • New Construction Status Code: Not New, Previously Owned
  • Property Type: Commercial
  • Sub Type: Commercial
  • Subdivision: Burchanan
  • Subdivision/Neighborhood: Burchanan
  • Tenant Pays: Nothing
  • Total Operating Epense: 1227.0000
  • Utilities: Natural Gas, Electric
  • Year Built: 1938
  • Zip Code: 80751
  • Zoning: COM