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$ 2,880,000
Est. payment /mo
Active
3920 N Nevada AVE Colorado Springs, CO 80907
13,000 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Hotel/Motel
Listing Status Active
Purchase Type For Sale
Square Footage 13,000 sqft
Price per Sqft $221
MLS Listing ID 4288467
HOA Y/N No
Year Built 1968
Property Sub-Type Hotel/Motel
Property Description
Excellent investment opportunity in a prime Colorado Springs location! This 32-unit motel offers over 13,000+ square feet and is ideally situated near University of Colorado Colorado Springs (UCCS), Downtown Colorado Springs, Garden of the Gods, and major employment hubs including nearby Air Force installations.
Surrounded by strong retail and amenities such as Costco, Lowe's, and a wide variety of restaurants, this property benefits from high visibility and consistent demand.
The existing motel layout presents a rare value-add opportunity for investors or developers. With its size and configuration, the property offers strong potential for redevelopment or conversion into multi-family units, extended stay housing, or other income-producing uses (buyer to verify zoning and intended use).
High-demand location. Scalable upside. Strong long-term hold or reposition play.
Surrounded by strong retail and amenities such as Costco, Lowe's, and a wide variety of restaurants, this property benefits from high visibility and consistent demand.
The existing motel layout presents a rare value-add opportunity for investors or developers. With its size and configuration, the property offers strong potential for redevelopment or conversion into multi-family units, extended stay housing, or other income-producing uses (buyer to verify zoning and intended use).
High-demand location. Scalable upside. Strong long-term hold or reposition play.
Location
State CO
County El Paso
Others
Special Listing Condition Sold As Is
Virtual Tour https://www.propertypanorama.com/instaview/ppar/4288467
Listed by KC Realty
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