500 Main Street Fairplay CO 80440 191334697 39.224438 -106.001884 60105 /listing/191334697-151082055/500-main-street-fairplay-co-80440 False 0 979900.0 17419 101 606 21 22 9969248 False 1923 0.67 0.67

500 Main Street

Fairplay, CO 80440 MLS# 9969248

Under Contract 11/01/17
191334697 False False 39.224438 -106.001884 60105 /listing/191334697-151082055/500-main-street-fairplay-co-80440 False 0 979900.0 17419 101 21 22 9969248 False 45351717 0
$979,900
MLS# 9969248
Under Contract 11/01/17
  • 21 Bedrooms Beds
  • 22 Bath Baths
  • 17,419 Square Feet Sq.Ft
  • 0.67 Acres
  • 1923 Year Built Yr. Built

500 Main Street

Fairplay, CO 80440 MLS# 9969248

Under Contract 11/01/17
191334697 39.224438 -106.001884 60105 /listing/191334697-151082055/500-main-street-fairplay-co-80440 False 0 979900.0 17419 101 21 22 9969248 False
$979,900
  • 21 Bedrooms
  • 22 Bath
  • 17,419 Square Feet
  • 0.67 Acres
  • 1923 Year Built

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Description

Amazing opportunity for an owner/operator or investor to buy the Historic Fairplay-Valiton Hotel. The grand hotel boasts 20 guest rooms with extensive upgrades throughout. The on-site restaurant/saloon, run as the South Park Pub & Grill, is popular with guests & locals. The hotel's location on the Hwy 285 corridor & scenic 30 minute drive to Breckenridge draws guests from all over the world. Built in 1923, the hotel is listed on the National Registry of Historic Places. Park County is booming!

Courtesy Of Cornerstone Real Estate Rocky Mountains

Listing Information

  • Property Type: Income
  • Property Subtype: Commercial
  • Style: Multi-Story
  • Building Style: Low Rise (1-3)
  • Architecture: Victorian
  • Locale: Fairplay
  • Beds: 21
  • SqFt Finished: 14040
  • SqFt Above: 14040
  • SqFt Basement: 3379
  • PSF Above Grade: 69.79
  • PSF Finished: 69.79
  • PSF Total: 56.25
  • Lot Size Sq Ft: 29059.00
  • Total Acres: 0.67
  • PPA: 1462537.31
  • Construction: Other
  • Construction Materials: Wood Siding
  • Year Built: 1923
  • Building Name: Fairplay-Valiton Hotel
  • Directions: From Fairplay at 295, Head North on Hwy 9, Hotel at corner of 5th and Hwy 9
  • Unit Access: Corridor
  • Additional Information: Income History Available

Interior Features

  • Exclusions: several items from Kitchen, including pizza oven and some personal items/artwork
  • Number Of Units Furnished: 21

Unit Info

  • 1 Bedroom

  • Bathrooms: 21
  • Number of Units: 21
  • Unit Type: 1 Bedroom

Room Details

  • Basement Finished YN: N
  • Basement Floor Type: Crawl Space
  • Basement Size: Full
  • Basement Type: Standard

Parking/Garage

  • Off-Street

  • Parking Spaces Number Of: 20
  • Parking Type: Off-Street
  • Parking: Driveway-Gravel
  • Parking Total Searchable: 20
  • Total Carport Spaces: 0
  • Total Offstreet Spaces: 20
  • Total Reserved Spaces: 0
  • Total RV Spaces: 0

Community/Neighborhood Information

  • Walk Score: 50

HOA

  • HOA YN: N

Financial Considerations

  • Owner Pays Utilities: Electricity, Insurance, Lawn Service, Maintenance, Phone, Property Tax, Television, Trash, Water
  • Annual Expense Proj: 125000
  • Annual Expenses: 84950
  • Annual Income: 15000
  • Annual Income Proj: 400000
  • Annual Net Income Proj: 275000
  • Annual Water Expense: 12000
  • Cable TV Expense: 3000
  • Electric Exp: 12000
  • Gross Income: 221000
  • Gross Operating Income: 221000
  • Internet Annual Expense: 1200
  • Maintenance Exp: 15000
  • Net Operating Income: 136050
  • Payroll Annual Expense: 22000
  • Personal Property Annual Expense: 500
  • Potential Rental Income Annual: 206000
  • Real Estate Taxes: 9950
  • Tax Amount: 8987.00
  • Tax ID: 300
  • Tax Year: 2016

Utilities & Green Home Features

  • Cooling: None
  • Heating: Hot Water, Radiant
  • Heating Fuel: Propane, Wood
  • Utilities: Cable TV
  • Electric Service: 220V

Exterior & Lot Features

  • Roof: Composition Shingles
  • Exterior Features: Covered Deck
  • Road Surface: Paved Road
  • Site Features: Near Ski Area, Recreation
  • View: Mountain Property, Mountain View, Valley
  • Lot Width: 256.00
  • Zoning: Commercial Hotel

Schools Near 500 Main Street Fairplay, CO

District: Park County RE-2
Schools:

Listing Price History

  1. Listed on 11/01/17
  2. Selling for $979,900
  3. For Sale for 595 days
  1. Date
  2. Event
  3. Price
  4. Change
  • 10/24/2018
  • Price change
  • $979,900
  • $4000%
  • 10/24/2018
  • Price change
  • $979,500
  • $7,0000.7%

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