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1702 E Main St
Montrose, CO 81401

$3,850,000 USD

Hotel For Sale  •  36,566 SF

Property Details

  • Property Type Hotel
  • Total Building Size 36,566 SF
  • Lot Size 3.81 AC
  • Building Class C
  • Year Built 1956
  • Cap Rate 12.73 %
  • Zoning B2
30 Transit Score
30 Walk Score

Highlights

Opportunity to add 23 RV pad units, enhancing the property's diversified income base.
Year-to-date room revenue is up 14% over 2025, reflecting strong market momentum.
Strong existing cash flow supported by stable operations and consistent year round demand.
Driven by Black Canyon of the Gunnison National Park and Telluride and Ouray winter overflow.
Montrose Regional Airport, Montrose Memorial Hospital, and Colorado Mesa University drive demand.
Private balconies across all 58 rooms, fitness center, guest laundry, and continental breakfast.
Cap Rate: 12.73 %

Amenities

  • Business Center
  • Pool
  • Restaurant
  • High Speed Internet Access
  • Public Access Wifi
  • Smoke-Free

Public Transportation

AirportDriveWalkDistance
Montrose Regional 11 min - 4.7 mi

Parking Details

Parking Available: Yes
Reserved: No
Spaces Provided: 95
Type: Surface
Included in Rent: Yes
Hunter Davis 253-486-3467 Matthews Real Estate Investment Services
Hunter Davis 253-486-3467 Matthews Real Estate Investment Services