San Juan Motel

This is a mix of cabins and a motel building that is prime for redevelopment. The location is in a southern Colorado resort town famous for the world famous Pagosa Host Springs. This site is approximately a half mile from the Springs, which are undergoing a major expansion now. The site is also a 30 minute drive from Wolf Creek ski area, which receives the most snow annually for all Colorado ski areas. This is not a cap rate deal. The value of this property is in the land value. The existing improvements are userful for interim income, as the motel generates approximately $900,000 in annual revenue, on average. There may be some value incorporating some units in to a redevelopment.