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$ 7,400,000
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Est. payment | /mo
Key Details
Property Type Commercial
Sub Type Building
Listing Status Active
Purchase Type For Sale
MLS Listing ID 20264968
Annual Tax Amount $63,226
Lot Dimensions Irregular
Property Sub-Type Building
Property Description
Red Roof Inn & Commercial Real Estate Strategically situated at the high-visibility corner of Highway 6&50 and I-70 between Grand Junction and Fruita, CO, this 100-room exterior-corridor Red Roof Inn offers a turnkey hospitality and commercial real estate investment. Sitting on approximately 6.03 acres the property encompasses 45,042 SF across lodging, restaurant, office space, and an additional 6,500 SF electrified warehouse. Financial & Operational Highlights • Property Condition: Fully renovated in 2018/2019. PIP completed July 8, 2021 (no remaining PIP dues). • Franchise Terms: Offered unencumbered with an 8% net franchise fee. Property Features & Value-Add Potential • Lodging & Facilities: 100 exterior corridor guest rooms, guest check-in lobby, fully built-out 3,800 SF restaurant, banquet space, and multiple leased office suites. • Warehouse & Leases: Separate 6,500 SF powered warehouse with active income-producing tenant leases. • Site Assets: Prime pole signage, abundant parking, additional land designated for future development, and immediate proximity directly east of the Travel Center of America (a key demand generator for commercial and transient travelers). • Management & Transition: Existing owner operates the management company and offers 30 days of transitional support or a separate ongoing management agreement. Note: Subdivision plans (2022) available upon request. Signed NDA required for access to certified financial statements, STR reports, and tax returns. Offering includes both business operations and real estate. All information, including measurements & square footage, deemed reliable but not guaranteed & should be verified by Buyer(s). CTMe user.
Location
State CO
County Mesa
Area Nw Grand Junction
Direction SE intersection of I-70 and Hwy 6&50
Building
Lot Description Corner Lot, Irregular Lot, Other, See Remarks
Listed by S.U.R.E., LLC