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Home » Real Estate » CO » Sterling » 80751 » 1460 E Chestnut St, Sterling, CO, 80751
$1,335,000

1460 E Chestnut St, Sterling, CO, 80751

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!
Offered By
Kim Choi 9702263990, RE/MAX Alliance-FTC South

Property Details

Property Type Commercial Sale
Status Active
Property Sub Type Sale: Commercial/Industrial
MLS # 1007098

Market Trends

New Properties On Market
29
32% Increase In New Listings
Average Asking Price
$408,710
$169,742 Increase In Avg Asking Price
Average Asking Price / Sq. Ft.
$209
$68 Increase In List Price/Sq. Ft.
Average Days On Market
20
14 Day Decrease In Days On Market
Data as of May 19, 2024. Remaining statistics above are calculated on activity within the period from Mar 01, 2024 to Apr 30, 2024.
Information deemed reliable but not guaranteed by the MLS. Listing information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data Source: Information and Real Estate Services, LLC. Provided for limited non-commercial use only under IRES Rules. © 2024 IRES. Property data was last updated on 5/15/2024 at 8:19 pm