3920 N Nevada Avenue

Colorado Springs, CO 80907
$3,750,000
This 32 Unit Motel is established and has great income. It is located in a highly traveled commercial corridor of N Nevada. Near University of Colorado and Downtown Colorado Springs it is close to University Center and tons of visitor type places like Garden of the Gods, Air Force Academy,Read MoreRead Less
Market LogoCourtesy of Forbes Park Realty [email protected]
Listing Snapshot
Days Online
494
Last Updated
Property Type
Commercial Land
Lot Size
0.83 Acres
Year Built
1968
MLS Number
6016910
30 Days Snapshot Of 80907
$474k
-6%
(avg) sold price
10
+42%
homes sold
72
+53%
(avg) days on market
Snapshot
Area Map
Additional Details
Property Access
Road Frontage Type: "Public", Road Responsibility: "Public Maintained Road", Road Surface Type: "Paved"
Building
Building Name: BEST INN, Occupant Type: Tenant (Multiple), Unit Count: 0, Built in 1968
Expenses
Projected Annual Expense: $210,000
Home Owner's Association
Association Fee Total Annual: $0, Association Fee Annual: 0.00, Association Fee 2 Annual Expense: 0.00, Association Fee 3 Annual Expense: 0.00
Income
Projected Annual Net Income: $390,000, Projected Gross Income: $600,000
Lot
Acres: 0.83, Area: 36050, Parcel Number: 63301-00-057, Square Feet: 36050
Energy Saving
Green Verification Count: 0
Parking
Parking Total: 0, Carport Spaces: 0, Offstreet Spaces: 0, Reserved Spaces: 0, RV Spaces: 0, Parking Count: 0
Property
Adjacent Use: Commercial, Current Use: "Commercial", Property Sub Type: Commercial Land, Zoning: C6 NNO
Sewer
Sewer: "Public Sewer"
Taxes
Annual Amount: 3197, Legal Description: TRACT IN SW4NE4 SEC 30-13-66 AS FOLS, BEG AT A PT ON W LN OF HWY 85-87 105.0 FT NLY OF ITS INTSEC WITH E-W C/L OF SEC 30, TH W PARA WITH N LN OF SD SEC 200.0 FT, NLY PARA WITH W LN OF HWY 140.0 FT, E PARA WITH SD N LN 93.0 FT, ANG R 90<32' SLY 60.0 F T, ANG L 71<35' SELY 114.23 FT TO W LN OF HWY, SLY ALG SD LN TO POB, Tax Year: 2022
Utilities
Electric: "110V", "220 Volts", Power Production Count: 0, Utilities: "Electricity Connected", "Natural Gas Connected", "Phone Connected", "Sewer Connected", Water Included, Water Source: "Public"
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Sarah Manshel
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