thank you
Your email has been sent!
Adora Inn 206 E Main St 32 Room Hotel Rangely, CO 81648 $864,000 ($27,000/Room)
INVESTMENT HIGHLIGHTS
- IDEAL FOR MISSION-DRIVEN, RURAL, OR VALUE-ADD INVESTOR
- SIGNIFICANT PRE-DEVELOPMENT COMPLETED
- RANGELY HAS AN IMMEDIATE NEED FOR RENTAL UNITS
- MAIN STREET LOCATION & PROXIMITY TO NEARBY ATTRACTIONS
EXECUTIVE SUMMARY
Adora Apartments is a 16-unit multifamily property located at 206 E. Main Street, Rangely, Colorado. The property comprises three buildings on a 0.84-acre lot, offering 12,148 square feet of rentable space and 40 dedicated parking spaces. Built in 1993, the asset is strategically positioned on Main Street, close to local attractions and essential
amenities including schools, healthcare, and the Colorado Northwestern Community College. Adora Apartments presents a compelling investment opportunity in a small but strategically located Colorado town. With current rental demand, upside potential through rent increases and expansion, and solid fundamentals, the property is ideal for investors seeking a value-add opportunity in an affordable, underserved market.
amenities including schools, healthcare, and the Colorado Northwestern Community College. Adora Apartments presents a compelling investment opportunity in a small but strategically located Colorado town. With current rental demand, upside potential through rent increases and expansion, and solid fundamentals, the property is ideal for investors seeking a value-add opportunity in an affordable, underserved market.
PROPERTY FACTS
| Price | $864,000 | Building Size | 11,640 SF |
| Price Per Room | $27,000 | No. Rooms | 32 |
| Sale Type | Investment | No. Stories | 2 |
| Property Type | Hospitality | Year Built/Renovated | 1993/2003 |
| Property Subtype | Hotel | Parking Ratio | 2.58/1,000 SF |
| Building Class | C | Corridor | Exterior |
| Lot Size | 0.84 AC | ||
| Zoning | C - Commercial | ||
| Price | $864,000 |
| Price Per Room | $27,000 |
| Sale Type | Investment |
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | C |
| Lot Size | 0.84 AC |
| Building Size | 11,640 SF |
| No. Rooms | 32 |
| No. Stories | 2 |
| Year Built/Renovated | 1993/2003 |
| Parking Ratio | 2.58/1,000 SF |
| Corridor | Exterior |
| Zoning | C - Commercial |
ROOM MIX INFORMATION
| DESCRIPTION | NO. ROOMS | DAILY RATE | SF |
|---|---|---|---|
| Guest Room | 32 | $64.00 | - |
1 of 1
PROPERTY TAXES
| Parcel Number | R100321 | Improvements Assessment | $29,260 |
| Land Assessment | $2,650 | Total Assessment | $31,910 |
PROPERTY TAXES
Parcel Number
R100321
Land Assessment
$2,650
Improvements Assessment
$29,260
Total Assessment
$31,910
1 of 17
VIDEOS
3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
1 of 1
Presented by
Adora Inn | 206 E Main St
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.