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Sterling, CO 80751 1460 E Chestnut St

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Presented By: RE/MAX Alliance-FTC South; 9702263990
  • MLS# 1007098
  • 04/13/2024
  • Request Tour
  • Request Info

    Home Details

    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!
    Presented By: RE/MAX Alliance-FTC South; 9702263990

    Interior Features for 1460 E Chestnut St

    Other Interior Features

    LivingAreaSourceAssessor
    Air Conditioning Y/NYes
    BasementNone
    Fireplace Y/NNo
    Heating Y/NYes
    Window FeaturesDouble Pane Windows

    General for 1460 E Chestnut St

    AccessibilityLevel Lot
    Attached Garage No
    Business TypeIncorporated Area
    Cap Rate9.54
    CitySterling
    Construction MaterialsWood/Frame
    CoolingWindow Unit(s)
    CountyLogan
    Days on Market168
    DirectionsHeading north on HWY 76, exit at the City of Sterling. It is on the left side of the main road.
    ExclusionsManager's personal property
    Garage Y/NNo
    Gross Income192500
    HeatingWall Furnace
    Home Owner AssocNo
    Land Lease Y/NNo
    Living Area UnitsSquare Feet
    Lot Size Square Feet79279
    Lot Size UnitsSquare Feet
    MLS AreaLogan
    Net Operating Income127487
    New ConstructionNo
    Operating Expense65013
    Possible UseMulti-Family, Commercial or Industrial
    Property ConditionNot New, Previously Owned
    Property SubTypeSale: Commercial/Industrial
    Property TypeCommercial Sale
    RoofComposition
    Senior Community Y/NNo
    Standard StatusActive
    StatusActive/Backup
    Subdivision NameAbba Rep
    Tax Annual Amount8013
    Tenant PaysDeposit
    Waterfront FeaturesAbuts Stream/Creek/River
    Waterfront Y/NNo
    Year Built1973
    ZoningCommercial

    Exterior for 1460 E Chestnut St

    Building Area Total9376
    Horse Y/NNo
    Lot FeaturesLevel
    Lot Size Acres1.82
    Lot Size Area79279
    Road Frontage TypeCity Street
    Road Surface TypePaved, Asphalt
    SpaNo
    Water SourceCity Water, City of Sterling

    Additional Details

    Price History

    Nathan Washam

    Broker/Owner
    Price $1,335,000
    MLS#1007098
    List Date 04/13/2024
    Property Type Backup
    Phone 970.988.8295
    Request Tour
    Request Info
    Visit My Website

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