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First Inn Gold Limon Lease or Sale 158 E Main St 57 Room Hotel Limon, CO 80828 $1,037,542 CAD ($18,202 CAD/Room)

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INVESTMENT HIGHLIGHTS

  • 5.15 acre commercial site with strong highway visibility
  • Cleared land ready for redevelopment or new construction
  • Utilities, parking areas, and site access already in place
  • Remaining 12 unit motel wing with large owner or manager quarters
  • Ideal for motel, RV park, apartments, or travel center uses
  • Flexible commercial zoning supporting multiple income uses

EXECUTIVE SUMMARY

This property offers a rare 5.15 acre commercial parcel with a remaining 12 unit motel wing and a large owner or manager living quarter. The site previously operated as a 3 building exterior corridor motel. Two wings were removed after a fire event, leaving a clean, level redevelopment area that is ready for new construction or repositioning.
The standing structure includes the original lobby, office, and an oversized living quarter suitable for an onsite manager, multi room residence, or conversion to additional guest units. The 12 attached rooms are intact but require full renovation. Utilities, parking, and site circulation remain in place.
This property is ideal for a buyer seeking a redevelopment opportunity in the growing Limon market. The 5.15 acre size supports a new motel, apartments, RV park, truck and traveler services, workforce lodging, or mixed commercial use. High visibility from US 24 and quick access to I 70 make this a strong location for hospitality or service focused operations.
The land is cleared, fenced, and easy to inspect. The remaining building offers optional reuse value or can be removed depending on the buyer’s plans.

PROPERTY FACTS

Price $1,037,542 CAD
Price Per Room $18,202 CAD
Sale Type Investment
Sale Condition Lease Option
Property Type Hospitality
Property Subtype
Hotel
Building Class C
Lot Size 5.15 AC
Building Size 6,300 SF
No. Rooms 57
No. Stories 1
Year Built/Renovated 1971/2025
Corridor Exterior
Opportunity Zone Yes
Zoning Commercial - Highway commercial zoning allows motel, retail, service, dining, fuel, and mixed commercial uses.

ROOM MIX INFORMATION

DESCRIPTION NO. ROOMS DAILY RATE SF
Guest Room 12 $134.19 CAD -

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
258516307001
Land Assessment
$51,260 CAD
Improvements Assessment
$0 CAD
Total Assessment
$51,260 CAD
  • Listing ID: 38683240

  • Date on Market: 2025-12-06

  • Last Updated:

  • Address: 158 E Main St, Limon, CO 80828

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