3475 Main Avenue Bldg , Unit

See all 35 Photos
Active Durango, CO 81301 MLS# 796325 Listed by Joe Clair on 07/19/2022
$2,300,000
Email
Facebook
Twitter
Pinterest
WhatsApp
Commercial Property Type
0.53 Acres
7685 Sq Ft
1960 Year Built
Commercial Zoning

Overview

Here is your opportunity to present a Landmark Motel and investment opportunity to your clients. Familiar to the north Durango Area, the Siesta Motel - Free Rooms, Just Kidding is now available for purchase. Three Generation, Family owned and operated for more than 50 years! Upon visiting you will see a welcoming, well cared for, visibly located boutique motel ready for it's next investor. Recently the motel has been operated as a seasonal motel, with onsite management (available for walk in customers) the motel is open May through October, after which the operators snow bird down south and limit shoulder season activity to partial online rental only. As retirement looms the opportunity is abundant for a new investor. Check with City of Durango Planning for allowed use, though this property pencils out favorably as a year around boutique motel, or for conversion to an apartment with extended stay rental and/or a combination of long term rental. The property is comprised of 22 rental units, along with an additional on site managers quarters which is ideal for motel operations. Alternatively it would make for an additional extended stay or long term rental unit. Floor plans include various room types (with a variety of bed sizes and sleeping arrangements): - 2 Family Suites (with 3 beds, 1 bath, couch & kitchenette) - Manager's Quarters with 2 beds, 1 bath, a full kitchen, living room with grand fireplace and vaulted ceiling and an additional sunroom (currently used as the reservations desk, should onsite management no longer be needed) - 7 two-bed units - 13 one-bed units Some units have interior accessing between rooms to expand the space's function. Collectively there are 23 units for which occupancy can be made dependent on the investor model (site managed motel or long term stay). Contact Agent for details regarding local lending options.

New Home Sales Hours

Courtesy Of Keller Williams Realty Southwest Associates, LLC
Source: CREN MLS

View On CREN MLS

Upcoming Open Houses

    Features

    Leasing Information

    Leasing Details
    • Application Fee $
    • Availability Date
    • Corporate Rental?
    • Deposits Potentially Refundable
    • Existing Lease Type
    • Lease Amount $
    • Lease Description
    • Lease Duration
    • Liability Insurance Required
    • Owner Pays
    • Rent Deposit
    • Rental Application
    • Security Deposit $
    Pet Details
    • Pet Deposit
    • Pet Rent
    • Pets Allowed

    Interior Features

    Summary

    • Year Built Effective
    Basement Details
    • Basement?
    • Basement
    • Basement Ceiling Height
    Fireplace Detail
    • Fireplace Features
    • No. of Fireplaces
    Square Foot Details
    • SqFt 7,685
    • Living Area, Finished
    • Above grade, Finished
    • Basement, Finished
    • Basement, Unfinished
    • PSF Total $
    • PSF Finished $
    • PSF Above Grade $
    Use details
    • Leaseable Area
    • Office Area
    • Retail Area
    • Warehouse Area
    Other
    • Accessibility Features
    • Appliances
    • Building Class
    • Building Features
    • Ceiling Height
    • Common Walls
    • Exclusions
    • Flooring
    • Furnished Furnished
    • Interior Features
    • Laundry Availability
    • Security Features
    • Spa Features
    • Window Features

    Room Details

    Bathroom Details Total Bathrooms: 18
    Bathroom Location Details
    Bedroom Location Details Total Bedrooms:
    More Room Details

    Unit Information

    Summary

    • Number of Units 23
    • Number of Units Furnished
    • Number of Units Vacant
    • Unit Features
    Single Unit Details

    Exterior/Lot Features

    Summary

    • Available Elevations
    • Entry Location
    • Faces
    • Horse Amenities
    • Horse Property N
    • Levels One
    • Stories
    • Structure Type
    • Unit Floor #
    • View
    Builder Details
    • Builder
    •  
    • Completion Time From Groundbreaking
    • Model Type
    Construction details
    • Architecture
    • Construction Materials
    • Foundation Details
    • Roof
    Exterior Details
    • Dock Features
    • Door Features
    • Exterior Features
    • Fencing Fenced
    • Number of Docks
    • Number of Doors
    • Number of Storage Units
    • Other Equipment
    • Other Structures
    • Patio And Porch Features
    • Pool Features
    • Ski Features
    Livable Structure Details
    Lot Details​​​​​​​
    • Acres Leased
    • Crop Acres
    • Cultivated Acres
    • Features
    • Irrigated Acres
    • Lot Number
    • Lot Size Acres 0.53
    • Lot Size Dimensions
    • Lot Size SqFt
    • Sq Ft
    • Pasture Acres
    • Price Per Acre $
    • Vegetation
    • Waterfront Features
    Mobile Details
    • Make
    • Model
    • Body Type
    • Exterior Dimensions x
    • Skirt
    Outbuilding details
    Road details
    • Access Public Road
    • Road Responsibility
    • Road Surface

    Parking/Garage

    Parking Space Summary

    • Parking Features
    • Total Parking Spaces
    • Garage Spaces
    • Total Carport Spaces
    • Total Offstreet Spaces
    • Total Reserved Spaces
    • Total RV Spaces
    Parking Space Details

    Utilities & Green Home Features

    Summary

    • Cooling Air Conditioning-Individual
    • Green Energy Efficient
    • Heating Natural Gas
    • HVAC Description
    Green Ratings
    Power Production Details
    Sewer
    • Sewer
    • Sewer Fee
    • Sewer Tap Paid YN
    Utilities details
    • Electric Service
    • Gas Tap Fee
    • Gas Tap Paid YN
    • Utilities Internet Access (Wired)
    Water / Well
    • Irrigation Source
    • Issued Well Permit Numbers
    • Water Available N
    • Water Source
    • Well Type
    • Well Usage
    • Water Fees
    • Water Tap Paid?
    • Water/Mineral Rights

    Association Information

    HOA Summary

    • Amenities Completed
    • Amenities Opening
    • Association Amenities
    • Association(s) No
    • HOA Fee Includes
    • Total Annual HOA Fees $
    1st HOA
    • HOA
    • Type
    • Fee $0.00
    • Phone
    • Total Annual Fee $
    • Website
    2nd HOA
    • HOA
    • Type
    • Fee $
    • Phone
    • Total Annual Fee $
    • Website
    3rd HOA
    • HOA
    • Type
    • Fee $
    • Phone
    • Total Annual Fee $
    • Website
    Restrictions & Covenants
    • Pets Allowed
    • Rentals Allowed
    • Restrictions
    • Restrictions Other
    • Restrictions/Covenants?

    Financial Considerations

    Summary

    • Cap Rate
    • Cap Rate Calculation
    Actual expense details
      Commission Information
      • Buyer Agency Compensation
      • Transaction Broker Compensation
      • Compensation Offered
      • Dual Variable Compensation
      • Commission Modified
      • Closing Comments
      Income details
      • Actual Annual Net Income $
      • Gross Income $
      • Income Includes
      • Income Includes Description
      Landleasing details
      • Land Lease Amount
      • Land Lease Amount Frequency
      • Land Lease?
      Projected
      • Other Annual Income $
      • Potential Rental Income Annual $
      • Projected Annual Expense $
      • Projected Annual Net Income $
      • Projected Gross Income $
      • Projected Gross Operating Income $
      • Projected Gross Scheduled Income $
      • Vacancy Credit Losses
      Tax details
      • Annual Tax $13,560
      • Legal Description
      • Tax Exemptions
      • Tax ID 566517105002
      • Tax Year 2022
      Other
      • Tenant Pays
      • Utilities Metering
      • Utilities Paid By Tenant

      Neighborhood

      Summary

      • Building Name
      • Development Name
      • Park Name
      • Senior Community
      • Subdivision
      New Home Community
      • Community Description
      • Community MLS #
      • Community Name
      • Community Opening
      • Community Website
      • Current Promotions
      • Development Status
      • Directions from Agent From Downtown Durango, go North on Main Avenue to Property address on Left at 3475 N. Main Ave.
      • Move In Date
      • New Home Available Options
      • New Home Land MLS #
      • New Home Plan MLS #
      Zoning Details
      • Current Use Hotel/Motel
      • Incorporated?
      • Zoning Commercial
      • Zoning Jurisdiction

      Other

      Business Details
      • Business Amenities
      • BusinessDescription Motel and/or Apartments
      • BusinessType
      • Year Established
      History
      • Original List Price $
      Partial Ownership Details
      • Partial Ownership Amount
      • Week Remarks
      • Weeks Available
      Other
      • Home Warranty
      • Ownership
      • Possession
      • Special Listing Conditions
      • Year Built 1960

      Mortgage Calculator

      School Zone

      District:
      Schools: Elementary School, High School, Middle School

      Area Map

      Walk Score

      Bike Score

      Bike Score

      0 description
      Transit Score

      Transit Score

      0 description summary
      Walk Score

      Walk Score

      0 description
      Back to top
      span widget