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Key Details
Sold Price $1,050,000
Property Type Commercial
Sub Type Sale: Commercial/Industrial
Listing Status Sold
Purchase Type For Sale
Square Footage 9,376 sqft
Subdivision Abba Rep
MLS Listing ID 1007098
Sold Date 11/08/24
HOA Y/N false
Abv Grd Liv Area 9,376
Originating Board IRES MLS
Year Built 1973
Annual Tax Amount $8,013
Lot Size 1.820 Acres
Acres 1.82
Property Description
TWO properties (1st Interstate Inn and Free Standing Restaurant) are for sale on a 2.42-acre lot. One is a 30-room hotel ( 1460 E Chestnut), and the other is a 1,960-square-foot free-standing restaurant (1472 E Chestnut). Both properties are in an excellent location, right off HWY 76. The hotel offers 30 SPACIOUS guest rooms(22 -two beds, 8 -1 beds), guest coin laundry ( could be used for gas station users/ travelers), and a 1-manager suite/apartment. It provides ample parking, a relaxing and quiet setting by the creek, and a vaulted ceiling in each room. Newly updated with a new roof, new gutter, new flooring, added a sink and a stove in 18 rooms, new paint, and new water heaters. The restaurant can be leased. Owner financing opportunity!!! The Motel was updated for easy management. Owner/user can increase the revenue. Manger operated business for over 5 years. Excellent for development such as a franchise hotel, multifamily, multi-tenant retail building, etc. Investors may have tax credits since this is in Opportunity and Enterprise Zone!!! Must see! Call for showings!
Location
State CO
County Logan
Area Logan
Zoning Commercial
Direction Heading north on HWY 76, exit at the City of Sterling. It is on the left side of the main road.
Rooms
Basement None
Interior
Heating Wall Furnace
Cooling Window Unit(s)
Window Features Double Pane Windows
Exterior
Waterfront Description Abuts Stream/Creek/River
Roof Type Composition
Street Surface Paved,Asphalt
Handicap Access Level Lot
Building
Lot Description Level
Water City Water, City of Sterling
Structure Type Wood/Frame
New Construction false
Others
Senior Community false
Tax ID 38052533415007
SqFt Source Assessor
Special Listing Condition Private Owner
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Bought with RE/MAX Alliance-FTC South