Colorado Springs, CO 80907,3920 N Nevada AVE
$3,750,000
Est. payment /mo
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13,000 SqFt
Active

3920 N Nevada AVE Colorado Springs, CO 80907

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UPDATED:

10/02/2024 12:52 PM

Key Details

Property Type Commercial

Sub Type Hotel/Motel

Listing Status Active

Purchase Type For Sale

Square Footage 13,000 sqft

Price per Sqft $288

MLS Listing ID 1231465

HOA Y/N No

Year Built 1968

Annual Tax Amount $2,695

Property Description

This 32 Unit Motel is established and produces 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, and Colorado College. This motel is well maintained and has a high occupancy rate. Motel and Office building total over 13,000SF! Units are standard units with one unit that includes a suite and kitchen and another larger unit with three bedrooms that could be converted into owners housing. High traffic count and foot traffic. Could be Redeveloped into multi family units!

Location

State CO

County El Paso

Others

Special Listing Condition Not Applicable


Pikes Peak MLS (PPAR)
Listed by Teegardin Realty and Investment Company

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Fiorela Prewitt

Broker Associate | EAFA100085418

+1(719) 900-8943

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3920 N Nevada AVE