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    795 Main St

    Limon, CO 80828
    • $650,000
    • STATUS: Active
    • ON SITE: 400 days
    • ID#: 915376
    UPDATED: 99 min ago
    $650,000
    • 0
      BEDS
    • 0.32
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    Type:
    Commercial
    Built:
    1951
    County:

    School Ratings & Info

    Description

    Handsome and sturdy 2 story building w/32 rooms and full basement in heart of Limon. It has a bright and inviting lobby w/fireplace, spacious seating areas and bathroom, plenty of parking and storage. 1 manager suite, 2 suites/apartments w/1bed/1bath, kitchen, and living room. Currently, 19 motel rooms are sellable and 13 rooms need some finishing touches. Recent investment brought the major systems into good working order. A grocery market, bank and restaurants are in walking distance.

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    © 2021 Information and Real Estate Services, LLC. IDX 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. Information is deemed reliable but is not guaranteed accurate by the MLS or iHomes Colorado. Data last updated: 2021-07-23T13:38:37.033.
    www.ihomescolorado.com/homes/106942524
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    795 Main St Limon, CO 80828

    • Price: $650,000
    • Status: Active
    • Updated: 99 min ago
    • ID#: 915376
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.32
    Acres
    1951
    Built
    Neighborhood:
    Limon Original
    County:
    Lincoln
    Area:
    13 All Others
    Property Description
    Handsome and sturdy 2 story building w/32 rooms and full basement in heart of Limon. It has a bright and inviting lobby w/fireplace, spacious seating areas and bathroom, plenty of parking and storage. 1 manager suite, 2 suites/apartments w/1bed/1bath, kitchen, and living room. Currently, 19 motel rooms are sellable and 13 rooms need some finishing touches. Recent investment brought the major systems into good working order. A grocery market, bank and restaurants are in walking distance.
    Exterior Features

    Construction Materials Brick/Brick Veneer Horse YN No Lot Features Steep Slope Property Attached YN No Road Frontage Type City Street Road Surface Type PavedAsphalt Roof Flat Spa YN No View City Waterfront YN No

    Interior Features

    Basement Full Building Area Total 8160 Cooling Window Unit(S) Cooling YN Yes Has Family Room No Heating Individual Heat Source Heating YN Yes Living Area 8160 Living Area Source Assessor

    Property Features

    Association YN No Cap Rate 10.69 Electric Electric Exclusions Manager's Personal Property Gross Income 100000 Has Green Features Addendum No Has Hoa Covenants No Has Hoa2 No Has Hoa2 Covenants No Has Improvements No Has Solar Thermal No Has Water Rights No Listing Sub Status None Listing Terms CashConventionalOwner May Carry Locale Limon Net Operating Income 69475 New Construction YN No Operating Expense 30525 Possible Use Multi-Family Property Condition Not NewPreviously Owned Sale Includes Building(S)LandFixtures/EquipmentBusiness Senior Community YN No Sewer City Sewer Tax Annual Amount 5925 Tax Year 2018 Tenant Pays None Utilities Electricity Available Zoning Commercial

    Listing information © 2021 Information and Real Estate Services
    Listing provided courtesy of Kim Choi of Re/Max Alliance-Ftc South.



    © 2021 Information and Real Estate Services, LLC. IDX 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. Information is deemed reliable but is not guaranteed accurate by the MLS or iHomes Colorado. Data last updated: 2021-07-23T13:38:37.033.
     
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