About 1460 E Chestnut St
TWO properties (1st Interstate Inn and Free Standing Restaurant) are for sale on a 2.42-acre lot. One is a 30-room hotel ( 1460 E Chestnut), and the other is a 1,960-square-foot free-standing restaurant (1472 E Chestnut). Both properties are in an excellent location, right off HWY 76. The hotel offers 30 SPACIOUS guest rooms(22 -two beds, 8 -1 beds), guest coin laundry ( could be used for gas station users/ travelers), and a 1-manager suite/apartment. It provides ample parking, a relaxing and quiet setting by the creek, and a vaulted ceiling in each room. Newly updated with a new roof, new gutter, new flooring, added a sink and a stove in 18 rooms, new paint, and new water heaters. The restaurant can be leased. Owner financing opportunity!!! The Motel was updated for easy management. Owner/user can increase the revenue. Manger operated business for over 5 years. Excellent for development such as a franchise hotel, multifamily, multi-tenant retail building, etc. Investors may have tax credits since this is in Opportunity and Enterprise Zone!!! Must see! Call for showings!
Features of 1460 E Chestnut St
| MLS® # | 1007098 |
|---|---|
| Price | $1,335,000 |
| Bathrooms | 0.00 |
| Acres | 1.82 |
| Year Built | 1973 |
| Type | Commercial Sale |
| Sub-Type | Sale: Commercial/Industrial |
| Status | Active |
Community Information
| Address | 1460 E Chestnut St |
|---|---|
| Area | Sterling |
| Subdivision | Abba Rep |
| City | Sterling |
| County | Logan |
| State | CO |
| Zip Code | 80751 |
Amenities
| Is Waterfront | No |
|---|---|
| Waterfront | Abuts Stream/Creek/River |
| Has Pool | No |
Interior
| Heating | Wall Furnace |
|---|---|
| Cooling | Window Unit(s) |
| Fireplace | No |
Exterior
| Lot Description | Level |
|---|---|
| Windows | Double Pane Windows |
| Roof | Composition |
| Construction | Wood/Frame |
Additional Information
| Days on Market | 4 |
|---|---|
| Zoning | Commercial |
| Foreclosure | No |
| Short Sale | No |
| RE / Bank Owned | No |
Listing Details
| Agent | Kim Choi |
|---|---|
| Office | RE/MAX Alliance-FTC South |
| Contact Info | 9702263990 |