Sold
3475 Main Avenue
Durango CO, 81301
$1,900,000
$247.23 per sqft
Sold
15.75 Baths
7,685 sqft
Commercial
Built in 1960
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.
796325
MLSⓇ ID
July 19, 2022
Listed
March 5, 2024
Updated
Map
3475 Main Avenue
Durango CO, 81301
Interior Features
Total Stories
1
Bathrooms
15.75 Baths
Fireplace
No
Cooling
Yes
Cooling Description
Window Unit(s), Wall Window Unit(s)
Heating
Yes
Heating Description
Natural Gas, Other
Exterior/Building Features
Lot Size
0.53 Acres
Other Property Details
Area Name
Durango In Town
Taxes
$13,560
Tax Frequency
Annually
Days on Market
315
Garage
No
Parking
Parking Space(s)
View
No
County
La Plata
Pool
No
Listing History
Date | Event | Price |
|---|---|---|
5/30/2023 | Price Change | $1,900,000 -18% |
5/30/2023 | Sold | $1,900,000 |
5/12/2023 | Pending | — |
Courtesy of Keller Williams Realty Southwest Associates, LLC with
Listing Contact: 970-903-9417
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Data last updated on: 3/5/2024