29431 Highway 160

South Fork, CO 81154

About this property

Vibrant, successful, historic, 15 room Bed & Breakfast / Hotel with 24 seat restaurant (open to the public) and fully renovated commercial kitchen near Wolf Creek Ski area in the sunny, Southern Colorado Mountains! 360-degree mountain views, fully furnished, turn-key with great guest reviews. Open year-round with two very strong peak seasons - summer tourist season and winter ski season. UP TO 20% Owner Financing Available! Listed on the National Register of Historic Places, this property is eligible for Historic Preservation and Restoration Grants, but you don't really need them. It's up and running, fully functioning, comfortable and SOLD OUT most nights in June, July, August, September, December, and March! Average yearly gross revenue for the last four years is $360,000 providing a comfortable salary PLUS full living quarters, utilities and much, much more for the owners or on-site manager. Yearly net income averages $130,000. There are 4 Jacuzzi Suites in the historic B&B, 8 hotel rooms, 1 cabin, 2 - 500 sq ft apartments, and 11 RV sites with full hookups. All rooms, apartments and cabins have Direct TV and fast, reliable Wi-Fi. New indoor hot tub with renovated decking and new electrical and plumbing. All appliances, inventory, and antiques are owned (not leased) and are included with the sale, (save a few personal items.) Many, many upgrades have been made to this property to ensure it runs smoothly and is LOVED by guests and employees alike. The owner's quarters is 2,000 square feet, 3 bedrooms, 1 bath with a private entrance, private laundry, private yard and wood-burning stove. An innkeeper's couple currently lives on site and manages many of the day to day duties of the property including housekeeping, front desk and reservations. This large, efficient B&B has a solid client base, hundreds of return guests each year, and is set up for a smooth transition in ownership. The current owners will include several weeks of training for the new owners if desired.

Date Added
October 27, 2019
Listing Status
Active
Days On Site
220
MLS#
764251

Features and Additional Information

Lot Size
0 SqFt
Acreage
0.00
Property Type
Commercial
Style
Other Business Opportunity
Sub-Type
Resale
Year
1926
Garage
0
Pool
No
Story(s)
0
Property View
No
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$1,250,000 Active
0 Beds
0 Baths
12,000 SQFT

Presented By Coldwell Banker Canyonside Realty

Get in touch today! Phone: (208) 734-6500
Brokerage
Twin Falls
(208) 734-6500
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Area Information

South Fork | Rio Grande County |

$ 1,250,000
This listing is play_arrow 1290.4% higher than the average in the area
$ 89,900 in the area
7,679 SqFt
This listing is play_arrow 339.10% larger than the average in the area
1,972 SqFt in the area
$ 231 $/SqFt
This listing is play_arrow 22% less than the average in the area
$ 295 $/SqFt in the area
220 days on site
This listing is play_arrow 64.7% below the average in the area
624 days on site in the area

Schools in the Area

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