$1,400,000
$1,650,000
15.2%For more information regarding the value of a property, please contact us for a free consultation.
22 Beds
23 Baths
11,011 SqFt
SOLD DATE : 09/29/2023
Key Details
Sold Price $1,400,000
Property Type Commercial
Listing Status Sold
Purchase Type For Sale
Square Footage 11,011 sqft
Price per Sqft $127
Subdivision Grand Lake
MLS Listing ID 23-690
Sold Date 09/29/23
Style NOT APPLICABLE
Bedrooms 22
Full Baths 23
HOA Y/N No
Year Built 1951
Annual Tax Amount $17,378
Tax Year 2022
Lot Size 0.500 Acres
Acres 0.5
Lot Dimensions 22,500 sq/ft
Source Grand County Board of REALTORS®
Property Description
The Lone Eagle Lodge, a historic motel located in the heart of downtown Grand Lake. This charming establishment has been providing excellent service and cozy accommodations since 1951. It's named after the majestic Lone Eagle Peak in the nearby Indian Peak Wilderness.
The property offers a total of 20 lodging spaces: 17 guest rooms, 2 two-bedroom apartments, and 1 one-bedroom apartment. All rooms are designed to ensure a comfortable stay for guests. The property's key features include a cozy on-site lodge lobby with a television and community tables, providing a comfortable place for guests to relax and socialize. Notably, the Lone Eagle Lodge is conveniently located within walking distance of dining, shopping, and the stunning lakefront, making it an ideal spot for guests looking to enjoy the local area's amenities and natural beauty.
The property has undergone recent upgrades, including a new sewer line and freshly paved parking lot, which will reduce future maintenance requirements. Additionally, the introduction of a state-of-the-art property management system with keyless entry adds an advanced level of convenience and safety for guests and owners.
This is a cash or 1031 exchange transaction. To view the property, please note that showings are by appointment only.
This represents a unique opportunity to own a piece of Grand Lake's history while enjoying the breathtaking beauty of the surrounding area. This could be an excellent purchase for a seasoned investor or someone looking to make their mark in the hospitality industry. Don't let this unique opportunity pass you by.
Location
State CO
County Grand
Community Grand Lake
Area Grand Lake Area
Direction Hwy 34 in downtown Grand Lake on Grand Ave. Lone Eagle Lodge located on the right side of the road.
Interior
Heating Baseboard, Natural Gas
Exterior
Garage Spaces 2.0
Amenities Available Lodge
View Y/N No
Total Parking Spaces 2
Garage Yes
Building
Faces Hwy 34 in downtown Grand Lake on Grand Ave. Lone Eagle Lodge located on the right side of the road.
Architectural Style NOT APPLICABLE
Structure Type Frame
Others
Tax ID 119305219002
Ownership Full
Acceptable Financing Exclusive Right-to-Sell
Listing Terms Exclusive Right-to-Sell
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