1460 E Chestnut St Sterling, CO 80751
TWO properties (1st Interstate Inn and Free Standing Restaurant) are for sale on a 2.42-acre lot. One is a 30-room hotel ( 1460 E Chestnut), and the other is a 1,960-square-foot free-standing restaurant (1472 E Chestnut). Both properties are in an excellent location, right off HWY 76. The hotel offers 30 SPACIOUS guest rooms(22 -two beds, 8 -1 beds), guest coin laundry ( could be used for gas station users/ travelers), and a 1-manager suite/apartment. It provides ample parking, a relaxing and quiet setting by the creek, and a vaulted ceiling in each room. Newly updated with a new roof, new gutter, new flooring, added a sink and a stove in 18 rooms, new paint, and new water heaters. The restaurant can be leased. Owner financing opportunity!!! The Motel was updated for easy management. Owner/user can increase the revenue. Manger operated business for over 5 years. Excellent for development such as a franchise hotel, multifamily, multi-tenant retail building, etc. Investors may have tax credits since this is in Opportunity and Enterprise Zone!!! Must see! Call for showings!
- Property TypeCommercial
- NeighborhoodAbba Rep
- CountyLogan
- Taxes$8,013
- HOA/Condo/Coop Fees$0
- Days on Site84 Days
- MLS StatusActive
- MLS ID Number1007098
- Home Size Source Assessor
- Year Built1973
- Lot Size1.82 Acres
- Full BathsN/A
- Partial BathsN/A
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General Features
- Basement None
- Acreage 1.82
- Property Sub Type Industrial
- Zoning Commercial
- Construction Wood/Frame
- Tenant Pays Deposit
- Buyer Agent Compensation 2.50 %
Interior Features
- Cooling Window Unit(s)
- Heating Wall Furnace
- Window Features Double Pane Windows
- Basement Foundation None
Exterior Features
- Roof Composition
- Waterfront Property No
- Waterfront Features Abuts Stream/ Creek/ River
- Lot Level
- Road Frontage City Street
- Waterfront No
Community Features
- Senior Community No
- MLS Area Logan
- Accessibility Features Level Lot