885 S Grand Mesa

Cedaredge, CO 81413
Square Ft.
4,494
$1,100,000
Very well-kept Inn and Suites in the heart of Cedaredge Colorado. Solid numbers and a recent appraisal to support the Asking price. Additional business, Scoops ice cream parlor adds to the revenue, as does a well-cared for doublewide mobile home rental on site. The owners also have an owner's suite,Read MoreRead Less
Market LogoCourtesy of Curtis McCrackin, Mountain Valley Realty LLC 970-250-4142
Listing Snapshot
Days Online
61
Last Updated
Property Type
Hotel/Motel
Square Ft.
4,494
Lot Size
0.29 Acres
Year Built
1960
MLS Number
828198
30 Days Snapshot Of 81413
$453k
-15%
(avg) sold price
12
+140%
homes sold
128
-18%
(avg) days on market
Snapshot
Area Map
Additional Details
Building
Built in 1960, 4,494 apx total sqft, 5,710 finished sqft, 2,485 main sqft, 2,325 upper sqft, 13 of units, Building construction: Wood, Furnished: Furnished
Cooling
Window A/C Unit(s)
Doors
# Overhead doors: 1
Expenses
Gross annual expenses : $71,994
Exterior Features
Furniture/Fixtures/Equipment: All Existing to run the Inn.
Floors
2
Water Features
Water rights/Irrigation: No
Heating
Type: Hot Water, Boiler, Electric Baseboard, Forced Air, Hot Water Baseboard, Space Heater
Income
Gross scheduled income : $164,604, Net operating income : $92,610
Interior Features
Fixtures included
Lot
0.29 approximate total acres, Size/Acerage: Less than 1/2
Miscellaneous
Vacancy factor prcnt: 56
Parking
12 Parking Spaces
Property
Property attached, Zoning: Commercial, Property description: Corner, Golf Course Near, Landscaped, Possible property use: Lodging, Mixed-Use, Retail Storefront, Commercial, Lodging, Mixed Use, Retail Storefront
Taxes
Total taxes : $4,886, Tax year: 2024
Utilities
Internet service, Internet provider: Elevate, 2 total water meters, 2 total gas meters, 2 total electric meters, Existing utilities: Electric, Internet, Natural Gas, Phone, Water, Available utilities: Internet, Natural Gas
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