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631 N Silver St
Lake City, CO 81235

$1,885,000 USD

Hotel For Sale  •  7,104 SF

Property Details

  • Property Type Hotel
  • Total Building Size 7,104 SF
  • Lot Size 0.43 AC
  • Building Class C
  • Year Built 1947
  • Cap Rate 9.50 %
20 Walk Score

Description

The Property is located in Lake City, CO, a community based in the San Juan Mountains in southwestern Colorado, serving as the county seat for Hinsdale County. Known for its remote location in the San Juan Mounts, a well preserved Victorian-era downtown, and an abundant amount of outdoor recreation activities like hiking, fishing, and four wheeling. Situated at an elevation of approximately 8,600 feet, the town boasts panoramic views, fresh alpine air, and a charming, laid-back atmosphere.

Lake City is renowned for its year-round outdoor lifestyle with historic downtown Lake City at its heart, serving as a hub for year round activities such as high elevation hiking, camping, four wheeling, ice fishing, skiing, ice climbing, and wildlife viewing. Located off Highway 149, and considered to be the most remote incorporated town in the lower 48 states, outdoor enthusiasts can quickly escape into nature and experience all that Hinsdale County has to offer.

In addition to its natural appeal, Lake City is home to a close-knit, welcoming community with a lively downtown district featuring local boutiques, galleries, and restaurants. Community events such as art walks, farmers markets, and live music contribute to the town’s vibrant cultural life and strong sense of community.

Distances from larger cities:
Denver, CO – 255 miles southwest of downtown Denver
Colorado Spring, CO – 225 miles southwest of Colorado Springs
Montrose, CO – 80 miles northwest
Gunnison, CO – 55 miles northeast off Hwy 149

Local airports include Gunnison-Crested Butte Regional Airport (54 miles) and Montrose Regional Airport (102 miles). Nearby international airports include Denver International Airport (275 miles).

Highlights

Well-Established Seasonal Mountain Log Cabin Resort situated in historic Lake City, Colorado
The season runs from approximately June 1st through September 30th each year, offering an unmatched lifestyle for an owner-operator
9.5% Cap Rate based on the Property's 2024-2025 average EBITDA
12 Cabins including ten studio cabins (each sleeping 4) and two “Deluxe” cabins (each sleeping 6)
The Property Maintains 80-85% Occupancy During the Season with a high percentage of advanced bookings, and repeat customers
Significant Renovated Inside and Out including new contents and furnishings as well as electrical service have been implemented over the past 4 years

Property Flyers

Cap Rate: 9.50 %

Amenities

  • High Speed Internet Access
  • Public Access Wifi
  • Smoke-Free
  • Fully-Equipped Kitchen
  • Multi-Room Suites

Parking Details

Parking Available: Yes
Reserved: No
Spaces Provided: 11
Type: Surface
Included in Rent: Yes
Ned Rupp 651-492-0563 SVN | Northco Real Estate
Ned Rupp 651-492-0563 SVN | Northco Real Estate