Sterling, CO 80751,1460 E Chestnut St
Sterling, CO 80751,1460 E Chestnut St
Sterling, CO 80751,1460 E Chestnut St
Sterling, CO 80751,1460 E Chestnut St
Sterling, CO 80751,1460 E Chestnut St
Sterling, CO 80751,1460 E Chestnut St
See all 36 photos

$1,050,000

$1,335,000

21.3%
Est.Price: ?

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Est. payment /mo

9,376 SqFt


SOLD DATE : 11/08/2024

Key Details

Sold Price $1,050,000

Property Type Commercial

Sub Type Sale: Commercial/Industrial

Listing Status Sold

Purchase Type For Sale

Square Footage 9,376 sqft

Subdivision Abba Rep

MLS Listing ID 1007098

Sold Date 11/08/24

HOA Y/N false

Abv Grd Liv Area 9,376

Originating Board IRES MLS

Year Built 1973

Annual Tax Amount $8,013

Lot Size 1.820 Acres

Acres 1.82

Property Description

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!

Location

State CO

County Logan

Area Logan

Zoning Commercial

Direction Heading north on HWY 76, exit at the City of Sterling. It is on the left side of the main road.

Rooms

Basement None

Interior

Heating Wall Furnace

Cooling Window Unit(s)

Window Features Double Pane Windows

Exterior

Waterfront false

Waterfront Description Abuts Stream/Creek/River

Roof Type Composition

Street Surface Paved,Asphalt

Handicap Access Level Lot

Building

Lot Description Level

Water City Water, City of Sterling

Structure Type Wood/Frame

New Construction false

Others

Senior Community false

Tax ID 38052533415007

SqFt Source Assessor

Special Listing Condition Private Owner

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Information and Real Estate Services (IRES)
Listed by RE/MAX Alliance-FTC South • 9702263990
Bought with RE/MAX Alliance-FTC South
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Making real estate fun, simple and stress-free!

+1(303) 858-8100

[email protected]

8300 East Maplewood Avenue, Suite 100, Village, CO, 80111

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