TBD E Main Street

Description

Investment Opportunity: 4 (Potential 5) Room Bed & Breakfast Inn " Montrose, CO. This charming & versatile Bed & Breakfast Inn is in the heart of Montrose, CO, offering a unique investment opportunity, perfectly suited for a boutique hotel, Airbnb operation, lifestyle inn, or intimate wedding venue. With subdivision approval expected by May 2025, the property is projected to generate $85,800 in Net Operating Income at a 7.2% cap rate (Source: AirDNA), positioning it as a high-yield hospitality asset in a rapidly growing market and provides buyers the opportunity to secure the property ahead of the summer peak season. Property Features Size: 3,700 SF on 0.57 Acres Accommodations: 4 (Potentially 5) Elegantly Designed Suites, 4 Bathrooms Entrances: 5 Separate Entrances for Guest Privacy Amenities: Cozy Fireplaces, Outdoor Pool, Cooking Area & Patios Manager's Suite: Includes Bathroom & Kitchen Parking: Ample Parking for 15 Vehicles Accessibility: Main Street Visibility, Walking Distance to Local Eateries & Bars Financing: Seller Financing Available. Prime Location & Tourist Gateway Situated just minutes from Montrose Regional Airport, the property serves as a strategic hub for year-round tourism, with easy access to: Telluride Ski Resort Silverton, Ouray, Ridgeway, Durango, & Grand Junction Black Canyon of the Gunnison National Park, a breathtaking natural wonder just 13 miles away. Black Canyon of the Gunnison National Park Renowned for its dramatic cliffs & deep, narrow gorges carved by the Gunnison River, the Black Canyon offers: Over 2,700 deep sheer canyon walls Hiking trails, rock climbing, & trout fishing Approximately 357,000 visitors in 2023, highlighting its growing appeal as a tourist destination. Montrose Airbnb Market: With strong demand & growth, Montrose's short-term rental market is thriving. Driven by its scenic surroundings & outdoor recreation opportunities. Key statistics include: Occupancy Rate: A median of 69%, indicating robust demand Average Daily Rate (ADR): Approximately $130, providing competitive returns for hosts Annual Revenue: Typical hosts earn around $33,000 per year Active Listings: As of September 2024, there were 185 active Airbnb listings in Montrose Year-over-Year Revenue Growth: 1.02% Peak Season: July typically marks the peak season, offering the highest occupancy & revenue potential. Opportunity to purchase entire Red Arrow Inn & Suites project