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860 County Road 142
Lake City, CO 81235

$9,170,000 USD

Hotel For Sale  •  34,671 SF

Property Details

  • Property Type Hotel
  • Total Building Size 33,991 SF
  • Lot Size 5.2 AC
  • Building Class C
  • Year Built 1946
  • Cap Rate 8.00 %
  • Zoning R1
0 Transit Score
12 Walk Score

Description

The Property is located in Lake City, CO, a historic mountain town nestled in the heart of Colorado’s San Juan Mountains. Surrounded by breathtaking peaks, Lake City is a serene year-round destination offering access to some of Colorado’s most pristine wilderness and outdoor recreation. The area is renowned for its vibrant history, charming downtown, and unparalleled outdoor adventures.

Lake San Cristobal, the second-largest natural lake in Colorado, is a major draw for visitors. This stunning lake is a hub for fishing, kayaking, paddleboarding, and boating. Anglers will appreciate the opportunities to catch trout, including rainbow and cutthroat varieties, while outdoor enthusiasts enjoy the calm waters and the lake’s stunning alpine backdrop.

Lake City is known for its abundant activities, including hiking the renowned Alpine Loop, biking scenic mountain trails, and exploring over 300 miles of off-road ATV and Jeep trails. Winter brings snowshoeing, cross-country skiing, and snowmobiling opportunities through the picturesque landscapes. The area is also a haven for wildlife watching, photography, and stargazing under crystal-clear mountain skies.

Highlights

8% Cap Rate | 30%+ Projected Internal Rate of Return (IRR)
38 unique cabins and log homes with modern amenities, including cooking facilities, cable streaming TV, and Wi-Fi. 33 of the 38 cabins are available
Historic mountain cabin community established in 1946 with original log cabins dating back to the 1870s
Nestled in the heart of the Colorado Rockies with breathtaking views of a 65-foot waterfall and the Lake Fork of the Gunnison River
Wide range of outdoor amenities, including a fire pit by the river, basketball half-court, sand volleyball, fly fishing, hunting, stargazing, etc
Broker of Record: Michael A. Corbey with Realspace Commercial Real Estate, LLC

Property Flyers

Cap Rate: 8.00 %

Amenities

  • Balcony
  • High Speed Internet Access
  • Patio
  • Destination Resort
  • Public Access Wifi
  • Smoke-Free
  • Fully-Equipped Kitchen
  • Multi-Room Suites

Parking Details

Parking Available: Yes
Reserved: No
Spaces Provided: 114
Type: Surface
Included in Rent: Yes
Ned Rupp 651-492-0563 SVN | Northco Real Estate
Ned Rupp 651-492-0563 SVN | Northco Real Estate