105 8Th AveGreeley, CO 80631

For Sale
$1,525,000

Boutique Motel, Owner Financing Available

Overview

Added:
Feb 3
Days on market:
38
This renovated 16-room boutique motel in Greeley, CO, presents a unique investment opportunity. The property boasts 6,412 square feet and includes an on-site manager's residence, ideal for owner-occupancy. Situated for optimal visibility and accessibility, the motel benefits from its prominent location and eye-catching neon signage. The current asking price is $1,525,000, with seller financing available to qualified buyers. A down payment of $575,000 is required, with a 5-year term at 5% interest only. This established business offers strong income potential, making it an attractive proposition for both retirees seeking a hands-on venture and their children looking for future involvement. The property's design and location make it a compelling choice for travelers, offering a comfortable and memorable stay. The inclusion of a separate manager's residence enhances the property's functionality and livability. This turnkey operation is ready for a new owner to continue its success and build upon its existing foundation. The property is situated on a lot with zero acres. The motel's design and location make it a compelling choice for travelers, offering a comfortable and memorable stay. The property is well-suited for a variety of ownership structures, offering flexibility and potential for long-term growth.

Property Details for 105 8Th Ave

Property type
Residential income properties, Multifamily properties
Square Feet
6,412 SF
Year Built
1953

Location Insight

City
Greeley
County
Weld
State
Colorado
Latitude
40.43357
Longitude
-104.6915
105 8Th Ave, Greeley, Colorado

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105 8Th Ave
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