Views - Seller Financing
Address
29431 US Highway 160 South Fork, CO
Price
$ 1,345,000
Property Attributes
- MLS#8320011
- TypeSingle Family
- CountyRIO GRANDE
- CitySouth Fork
- AreaThe Spruce Lodge
- Zip81154
- Style
- Price$ 1,345,000
- Bedrooms0
- Full Bathrooms0
- Half Bathrooms0
- Sqr Footage12000
Listing Provided Courtesy Of:
Steffens and Company Realty Inc.
Property Description
Vibrant, successful, historic, 15 room Ski Lodge / B&B with 24 seat restaurant (open to the public) and fully renovated commercial kitchen near Wolf Creek Ski Area in the sunny, Southern Colorado Mountains! 360-degree mountain views, fully-furnished, turn-key with great guest reviews. Open year-round with two very strong peak seasons - summer tourist season and winter ski season. UP TO 20% Owner Financing Available! 10.8% Cap Rate and 3.49 GRM. Listed on the national register of Historic Places, this property is eligible for Historic Preservation and Restoration Grants, but you don't really need them. It's up and running, fully functioning, comfortable, and SOLD OUT most nights in June, July, August, September, December, and March! Average yearly gross revenue for the last four years is $390,000 providing a comfortable salary plus full living quarters, utilities, and much, much more for the owners or on-site manager. Net operating income is $140,000 per year. There are 4 Jacuzzi Suites in the historic B&B, 8 hotel rooms, 1 cabin, 2 - 500 sq ft apartments, and 11 RV sites with full hookups. New indoor hot tub with renovated decking and new electrical and plumbing. All appliances, inventory, and antiques are owned (not leased) and are included with the sale, (save a few personal items.) Many, many upgrades have been made to this property to ensure it runs smoothly and is LOVED by guests and employees alike. The owner's quarters are 2,000 square feet, 3 bedrooms, 1bath with a private entrance, private laundry, private yard, and wood-burning stove. This large, efficient B&B has a solid client base, hundreds of return guests each year, and is set up for a smooth transition in ownership. Training is available if desired. Please note - the listing agent is also the property owner. Please see virtual tours for a drone video, a 3D interactive walkthrough and a complete video tour with the owner.
| Price History | |
|---|---|
| 12/3/2020 | Listed $1,500,000 |
| 12/14/2020 | 11% - $1,345,000 |
General Features
| Building Name | The Spruce Lodge |
|---|---|
| Business Name | The Spruce Lodge |
| Business Type | BedBreakfast, HotelMotel, Restaurant |
| Property Type | BusinessOpportunity |
| Zoning | commercial |
Exterior Features
| Building Area Total | 12000.0 |
|---|---|
| Covered Spaces | 0.0 |
| Lot Size Units | Acres |
Amenities
- Foreclosure
- Views
- Short Sale
- New Construction
- Adult 55+
- Lease To Own
- No HOA Fees
- Furnished
- Master On Main
- Air Conditioning
- Seller Finance
- Green
- Fixer Upper
- Horse
- Golf
- Fireplace
- Deck
- Garage
- Basement
- Pool
Property vs Zip Code Average in 81154
Price
Visits
The content relating to real estate for sale in this Web site comes in part from the Internet Data eXchange (IDX) program of METROLIST, INC., DBA RECOLORADO©. Real estate listings held by brokers other than eXp Realty in Coloradoname are marked with the IDX Logo. This information is being provided for the consumers' personal, non-commercial use and may not be used for any other purpose. All information subject to change and should be independently verified. January 22, 2021 11:08 AM UTCd
