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Listing 1 out of 16
Sold for $350,000 Sold

731 N 3rd St
Sterling, CO 80751



lot: 1 acre
Commercial: Commercial - MLS# 838384
Property Photo
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Sold

Sold for $350,000 on Jun 20, 2018

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: Sold
  • 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
  • Sold Date: 2018-06-20 00:00:00
  • Sold Price: 350000
  • 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
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