MoJo's Inn 625 E 1st St 13 Room Hotel Akron, CO 80720 $690,185 CAD ($53,091 CAD/Room) 10.26% Cap Rate

Take advantage of this exceptional multi-use commercial opportunity in a highly visible, prime location on the corner of First Street and Elm Ave in Akron, CO. Currently configured as a limited-service motel, the property provides potential for continued hospitality use or other commercial possibilities. Built in 1959, fully renovated in 2010, the single-story brick building encompasses approximately 7,116 +/- square feet and features a courtyard-style footprint with convenient access from the south and west, along with off-street parking. The property includes an office with manager's living quarters, 13 guest rooms consisting of four single and nine double rooms, guest and housekeeping laundry facilities, and approximately 1,200 square feet of common area. Adding to the property's versatility is a spacious conference and event area featuring a meeting/recreation/community space, commercial kitchen, two restrooms, and utility/storage areas—creating additional possibilities for meetings, events, gatherings, or other commercial uses. Guest rooms are equipped with individual heat and cooling units, and the property includes amenities such as Wi-Fi, televisions, refrigerators, microwaves, and more. One room features a handicap-accessible shower. A guest laundry facility, housekeeping area, and approximately 120 +/- square foot storage building add further functionality. With recent updates, minimal deferred maintenance, and excellent visibility in a key location, this unique property presents a rare opportunity for an owner-operator, investor, or entrepreneur. Discover the possibilities this multi-use commercial property has to offer and schedule your private showing today in the amazing community of Akron!