New Listing
2210 Highway 6&50,Grand Junction, CO 81505
Grand Junction, CO 81505
Description
Red Roof Inn & Commercial Real Estate Strategically situated at the high-visibility corner of Highway 6&50 and I-70 between Grand Junction and Fruita, CO, this 100-room exterior-corridor Red Roof Inn offers a turnkey hospitality and commercial real estate investment. Sitting on approximately 6.03 acres the property encompasses 45,042 SF across lodging, restaurant, office space, and an additional 6,500 SF electrified warehouse. Financial & Operational Highlights Property Condition: Fully renovated in 2018/2019. PIP completed July 8, 2021 (no remaining PIP dues). Franchise Terms: Offered unencumbered with an 8% net franchise fee. Property Features & Value-Add Potential Lodging & Facilities: 100 exterior corridor guest rooms, guest check-in lobby, fully built-out 3,800 SF restaurant, banquet space, and multiple leased office suites. Warehouse &Leases: Separate 6,500 SF powered warehouse with active income-producing tenant leases. Site Assets: Prime pole signage, abundant parking, additional land designated for future development, and immediate proximity directly east of the Travel Center of America (a key demand generator for commercial and transient travelers). Management & Transition: Existing owner operates the management company and offers 30 days of transitional support or a separate ongoing management agreement. Note: Subdivision plans (2022) available upon request. Signed NDA required for access to certified financial statements, STR reports, and tax returns. Offering includes both business operations and real estate. All information, including measurements & square footage, deemed reliable but not guaranteed & should be verified by Buyer(s). CTMe user.
Details
| MLS # | 839857 |
|---|---|
| Listing Type | For Sale |
| Style | Hotelmotel |
| Building Name | Red Roof Inn |
| Sub-Type | Resale |
| Status | Active |
| Year | 1982 |
| Listing Provided By | S.U.R.E., LLC | Katherine Davis |
Features
| SQ Feet | 45,882 |
|---|---|
| Story(s) | 2 |
| Units | 100 |
| Zoning | Commercial |
| Acreage | 6.03 |
Interior
| Cooling Yes / No | Yes |
|---|---|
| Cooling | Central Air |
| Heating Yes / No | Yes |
| Heating | Forced Air, Natural Gas |
| Furnished | Furnished |
Exterior
| Roof | Metal |
|---|---|
| Construction Materials | Wood Siding |
| Foundation Details | Other |
| Lot Features | Corner Lot, Other |
Parking
| Parking Features | Gravel, Off Street, Other, Parking Spaces, Rear Side Off Street |
|---|
Utilities
| Utilities | Electricity Connected, Natural Gas Available, High Speed Internet Available, Phone Available, Sewer Available, Water Available |
|---|
Other
| List Aor | Grand Junction Realtor Association |
|---|
Taxes
| Property | 63226 |
|---|
Area Information
| State | CO |
|---|---|
| County | Mesa |
| City | Grand Junction |
| Zip Code | 81505 |
| Area | NW Grand Junction |
| Listing VS Median (in 81505) | |
Price: $7,400,000 low | high Med: $7,450 sqft: 45,882 low | high Med: 3,738 $ / sqft: $161 low | high Med: $2 | |
Market Activity 81505
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Learn More About This Property
| State | CO |
|---|---|
| County | Mesa |
| City | Grand Junction |
| Zip Code | 81505 |
| Area | NW Grand Junction |
| Listing VS Median (in 81505) | |
Price: $7,400,000 low | high Med: $7,450 sqft: 45,882 low | high Med: 3,738 $ / sqft: $161 low | high Med: $2 | |