Water Views
51871 Highway 6 Glenwood Springs, CO
$ 3,200,000
Property Attributes
  • MLS#9209826
  • TypeIncome
  • CountyGARFIELD
  • CityGlenwood Springs
  • Zip81601
  • StyleMulti-Story
  • Year Built1955
  • Taxes20846
  • Price$ 3,200,000
  • Bedrooms23
  • Full Bathrooms23
  • Half Bathrooms0
  • Sqr Footage12216
  • Lot Size1.4 Acres
Listing Provided Courtesy Of:
Keller Williams Clients Choice Realty
Property Description

*MUST SEE* If you are looking to work for yourself, own your own business, and live on site rent free (2500 sqft home), then look no further! This independent hotel in Glenwood Springs is a great opportunity for a first-time buyer or experienced hotel operator. The Hanging Lake Inn in Glenwood Springs is a 23 room property with a 2500 sqft managers home, and one rental unit attached. This property is located on prime frontage road adjacent to I-70. Glenwood Springs is considered the hot springs capital of the world and for good reason. The hotel is only a five-minute drive to either local hot springs. The property produces year around and if ran correctly has much room for income increase.

Elementary School Middle School High School
Unknown Elementary School Unknown Middle School Unknown High School
Price History
3/12/2019 Listed $3,200,000

General Features

Additional Information Accessible/Handicap Features, Income History Available, Owner Occupied
Business Type Motel/Hotel
Capitalization Rate 5.80
Features Fire Alarm, Fire Sprinkler, Fire Sprinkler - Wet, Fixtures/Equipment Included
Latitude 39.561240
Longitude -107.348530
Neighborhood N/A
Other Hvac Central Hot Water
Owner Paid Utilities Electricity, Gas, Insurance, Internet, Lawn Service, Maintenance, Phone, Property Tax, Television, Trash, Water
Parcel Number R530004
Property Sub Type Commercial
Property Type Income
Seller Type Individual
Status Active
Status Conditions None Known
Style Characteristics Free Standing
Tax Amount 20846.00
Terms Offered Cash, Conventional, Other, Private Financing
Total Sq Ft 12216
Transaction Type For Sale
Year Built 1955
Zoning COM-Hotel/Motel

Interior Features

Basement Size None
Beds Total 23
Cooling Air Conditioning-Central
Flooring Carpet, Tile Floor, Wood
Heating Wall Heater
Heating Fuel Electric
Interior Features Cable Available, Double Pane Windows, Private Bathrooms, Remodeled, Security System, Smoke Free, Window Coverings
Total Baths 23.00
Total Units 23

Exterior Features

Construction Materials Vinyl Siding
Construction Methods Frame
Exterior Features Balcony, Deck, Gas Grill, Professional Landscaping, Satellite Dish, Sprinkler System
Lot Size Acres 1.40
Lot Sq Ft 60853.00
Lot SqFt Range 2000+, 4000+, 6000+, 8000+, 10000+, 12000+, 14000+, 15000+
Parking Count 30
Parking Features Driveway-Asphalt
Road Surface Paved Road
Roof Architectural Shingles
Site Features Near Public Transit, Near Ski Area
Structural Style Multi-Story
Total Offstreet Spaces 30
Utility Metering Common Electric, Common Gas, Common Water
View City View, Mountain View, River/Lake View, Valley
Water Mineral Rights Water Rights


  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Pets
  • Master On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Zip Code Average in 81601

AVG $3.2M
AVG $20,846
AVG 89
Year Built
AVG 1955
AVG 37
Data Provided by Walkscore ® not using MLS data

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