1301 Main Street

Description

This is an amazing investment opportunity! Check out this 14-room working lodge in the historic town of Red River on Main Street. In addition to the 14-rooms that can be rented out nightly, the property also has a 1500 sq ft owner suite to enjoy year-round. For growth purposes, the owner's suite could possibly be turned into more units. The property has 4 queen single rooms, 8 kitchenette rooms and 1 2-bedroom apartment across two floors that could be rented out nightly, weekly, or monthly depending on your future clients' needs. All FF&E, land and property conveys with sale. Large attached warehouse space is unused and also could be converted. If you've ever wanted to own and operate a lodge in a beautiful ski town here is your opportunity! The property is on city utilities Keyless Entry to all rooms On site laundry room for owner or property manager All nonsmoking rooms Smart TV's in all rooms with $6000 upgraded internet infrastructure Four cleaners and one property manager who would like to stay on with sale if buyer desires Mountain view lodge is listed and promoted on the internet under their name plus other popular travel sites Majority of room windows are 2023 Pella Room furnishings upgraded in 2022 Backside gutters with heattape 2023 Electrical upgraded 2022 Owner's suite upgraded 2023 Firepits and seating added 2022 This property was purchased only 2 years ago and brought from completely vacant with no marketing and not producing to a 47% annual occupancy rate and marketed across all platforms (Company website, Expedia, Airbnb, Hotel.com, Bookings, VRBO, etc) . It was a startup operation for the buyers with large capital input that has exceeded the growth time expected. There is still a ton of potential in this property to grow.