$1,400,000
Grand Lake, CO 80447
MLS# 23-690
Status: Closed
22 beds | 23 baths | 14385 sqft
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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.
Details
Maps
Contract Information
Current Price: $1,400,000
Book Section: Income/Commercial/Ranch
Status: Closed
Begin Date: 2023-06-30
Sold Date: 2023-09-29
Sold Price: $1,400,000
Under Contract Date: 2023-08-31
Percent Ownership: Full
Reservations: Not Applicable
1st Right of Refusal: No
List Price Per SqFt: 149.85
Sold Price Per SqFt: 127.15
Location Legal and Taxes
Area: Grand Lake Area
House Number: 712
Street Name: Grand
Street Suffix: Avenue
County: Grand
State/Province: CO
Postal Code: 80447
Tax Year: 2022
Subdivision: GRAND LAKE
General Property Description
Realtor.COM Type: Commercial
Total SqFt: 14385
Finished SqFt: 11011
Year Built: 1951
Year Built Remarks: Updated 1983
Style: NOT APPLICABLE
Lot Size: 22,500 sq/ft
Acres: 0.5
Total Bedrooms: 22
Total Bathrooms: 23
Total Full Baths: 23
Garage Type: Attached
Garage Stalls: 2
Miscellaneous
Minimum Earnest $: 50,000
Sales Transfer Tax: No
Legal
Block/Bldg: 19
Lot/Unit: 3-5
Water Source
Community: n/a
Public: Tap Paid
Well: n/a
Sewer Source
Community: n/a
Public: Tap Paid
Septic: n/a
Utilities
Cable TV: Avail but no Connect
Electric: Connected
Natural Gas: Connected
Telephone: Avail but no Connect
Heat: Natural Gas
Type Heat: Baseboard
Basement
Basement: Partial
Crawl/Slab: Crawl Space
Property Features
Inclusions: Dishwasher; Furniture; Microwave; Oven; Refrigerator; W/D Hookup; Washer/Dryer
Construction: Frame
Amenities: Lodge
Terms: 1031 Exchange; Cash
Possible Usage: Accommodations; Commercial; Multi-Family
Supplements
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.
Listing Office: Re/Max Peak to Peak
Last Updated: August - 31 - 2024
Information deemed reliable but not guaranteed.