1501 Central AveDolores, CO 81323

For Sale
$730,000

11-pad RV park with rental home; strong income potential.

Overview

Added:
Dec 11, 2024
Days on market:
90
This exceptional investment opportunity presents a well-established 11-pad RV park nestled in Dolores, Colorado. The property encompasses 1.24 acres and includes a charming, recently renovated two-bedroom, one-bathroom unit currently operating as a short-term rental (VRBO) above the park office. The office building itself features separate men's and women's restrooms with showers, a coin-operated laundry facility, and an RV dump station – all generating additional revenue streams. The current income figures are conservative, reflecting the recent VRBO approval and limited 2023 data; significant upside potential exists through market-rate adjustments for long-term rentals. The property also offers two potential glamping sites, currently used for storage, which could further enhance income. The main building, constructed in 1991, is a two-story structure with approximately 3,200 square feet of net rentable space (note: a discrepancy exists between this figure and county records; potential buyers are advised to verify measurements). The property is zoned commercial and benefits from a grandfathered RV park designation, although expansion is not permitted. The location is ideal, situated near a city park with river access, a school, and extensive BLM/Forest land. Additional financial and utility information is available upon request. This property is a turnkey operation, perfect for an investor seeking a strong return or a hospitality entrepreneur looking to expand their portfolio.

Highlights

  • Strong rental income potential; current figures are conservative due to recent VRBO approval and limited 2023 data.
  • Potential for increased rental income through market-rate long-term leases.
  • Additional revenue streams from restrooms, RV dump station, coin-operated laundry, and potential merchandising space.
  • Recently renovated 2BR/1BA VRBO unit above office, ideal for short-term rentals.
  • Discrepancy between stated and county-recorded square footage; buyer advised to verify measurements.
  • Existing RV park is grandfathered in, but expansion is not permitted.

Property Details for 1501 Central Ave

Property type
Multifamily properties, Mobile home & RV parks
Year Built
1991
Stories
2
Lot Size (sq. ft)
54,014 SF

Location Insight

City
Dolores
County
Montezuma
State
Colorado
Latitude
37.475995
Longitude
-108.4902711
1501 Central Ave, Dolores, Colorado

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1501 Central Ave
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