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
Property Type: Commercial
Sub Type: Commercial
Listing Status: Closed
County/Area: Logan County
Zip Code: 80751
Year Built: 1938
Sq.Ft.: 9245
Lot Size: 1.0000
Zoning: COM
Building Area Total: 9245
Cap Rate: 38.5
Construction Materials: Wood/Frame
Cooling: Window Unit(s), Yes
Coordinates: -103.20298, 40.63184
Electric: Electric
Gas: Natural Gas
Gross Income: 136000
Heating: Individual Heat Source, Yes
Is Water Meter Installed: No
Living Area Source: Assessor
Living Area Units: Square Feet
Locale: Sterling
Lot Size Area: 43503
Lot Size Square Feet: 43503
Lot Size Units: Square Feet
Main Type: Commercial Sale
MLS Area Major: Logan
Mls Status: S
Operating Expense: 1227
Property Condition: Not New, Previously Owned
Roof: Metal
Sewer: City Sewer
Subdivision: Burchanan
Subdivision/Neighborhood: Burchanan
Tax Annual Amount: 1227
Utilities: Natural Gas Available, Electricity Available
Water Source: City Water, CITY OF STERLING
Choice Real Estate
111 North 3rd Ave.
Sterling, CO 80751
Phone: 970-521-2735
Email: kfuller@kci.net
Choice Real Estate
111 North 3rd Ave.
Sterling, CO 80751
Phone: 970-521-2735
Email: kfuller@kci.net
Choice Real Estate
111 North 3rd Ave.
Sterling, CO 80751
Phone: 970-521-2735
Email: kfuller@kci.net
We were SO happy to get connected with Kim Fuller via Zillow! We found a listing online late one night; she set up a tour for us the next day; she helped us put in an offer immediately after touring the home; and our offer was accepted the next day! As first-time home buyers in a very competitive market, we were so appreciative of Kim's guidance, quick and thoughtful answers to our questions, and knowledge about the entire process. Kim is obviously passionate about her work, and she's a genuinely delightful person (icing on the cake!). We 100% recommend Kim and Choice Real Estate!zuser20200714205300628