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    712 Grand Avenue

    Grand Lake, CO 80447
    • $2,195,000
    • STATUS: Active
    • ON SITE: 118 days
    • MLS #: 21-705
    UPDATED: 19 min ago
    $2,195,000
    • 22
      BEDS
    • 0.51
      ACRES
    • 22
      BATHS
    • 1
      1/2 BATHS
    Neighborhood:
    Type:
    Commercial
    Built:
    1960
    County:

    School Ratings & Info

    Description

    The Lone Eagle Lodge has stood the test of time. Originally constructed in 1960, the Lodge has operated as a motel for generations of visitors and is located in the heart of historic Grand Lake village, walking distance to the lake, restaurants, shopping and many outdoor activities. Grand Lake is the western gateway to Rocky Mountain National Park, where you can escape from the hustle and bustle of everyday life, relax and enjoy little touch of nature.Rustic is a great description of the 17 guest rooms & 3 apartments complete with pine wood furniture and cozy linens and blankets. Each of the rooms has a little unique life of its own. The apartments are fully equipped housing units with kitchens (the two owner/operators and a full time tenant occupy these units today).The property also includes a full laundry facility, modest convenience store & fuel station with supplies tourists and locals crave  fuel, snowmobile parts, fishing supplies, etc. The store could easily accommodate additional revenue streams such as tourist-oriented supplies, fishing licenses, grab-n-go breakfast food, ice cream, or a sandwich shop. In addition, the main building is also set up for a tenant/operator to run a full-service auto repair shop in an adjacent space complete with vehicle lift (great additional income stream). Grand Lake was established in 1881 and resides at an elevation of 8,269 feet above sea level. The Grand Lake is Colorado's deepest & largest natural lake, cut by a glacier a millennia ago, boasts a maximum depth of 389 feet. Summer activities include boating, sailing, kayaking, swimming, fishing and other water sports. Hiking and mountain biking are also exceptional popular in the area. Winter activities include hundreds of miles of snowmobiling trails as well as a world class Nordic skiing facility. Not to mention, Grand Lake is 45 minutes from the Winter Park Resort. Modern marketing, direct booking & social media will drive positive growth and immediate impact. The post-Covid travel & lodging opportunity is shaping up to be very attractive for hospitality & destination operators. 2020 NOI Cap Rate = 9.3% at asking price. With a modest 15% increase in lodge occupancy, and rental income from the 2 apartments, the NOI increases substantially and leads to a 13+ Cap in 1 year. Financial model available upon request. The Fuel Station could be eliminated and the convenience store could be converted to a restaurant or other attraction. The seller is willing to work with a buyer who is not interested in the fuel station operation. Additional Interesting Resources: Why You Should Consider a Winter Vacation to Grand Lake https://www.5280.com/2020/03/why-you-should-consider-a-winter-vacation-to-grand-lake/ Constitution Week Celebration https://www.grandlakeusconstitutionweek.com/ Winter Carnival https://gograndlake.com/winter-carnival/

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    © 2021 Grand County Board of REALTORS®. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or The Real Estate Company. Data last updated: 2021-09-20T10:06:35.717.
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    712 Grand Avenue Grand Lake, CO 80447

    • Price: $2,195,000
    • Status: Active
    • Updated: 19 min ago
    • MLS #: 21-705
    22
    Beds
    22
    Baths
    1
    ½ Baths
    0.51
    Acres
    1960
    Built
    Neighborhood:
    Grand Lake
    County:
    Grand
    Area:
    Grand Lake Area
    Property Description
    The Lone Eagle Lodge has stood the test of time. Originally constructed in 1960, the Lodge has operated as a motel for generations of visitors and is located in the heart of historic Grand Lake village, walking distance to the lake, restaurants, shopping and many outdoor activities. Grand Lake is the western gateway to Rocky Mountain National Park, where you can escape from the hustle and bustle of everyday life, relax and enjoy little touch of nature.Rustic is a great description of the 17 guest rooms & 3 apartments complete with pine wood furniture and cozy linens and blankets. Each of the rooms has a little unique life of its own. The apartments are fully equipped housing units with kitchens (the two owner/operators and a full time tenant occupy these units today).The property also includes a full laundry facility, modest convenience store & fuel station with supplies tourists and locals crave  fuel, snowmobile parts, fishing supplies, etc. The store could easily accommodate additional revenue streams such as tourist-oriented supplies, fishing licenses, grab-n-go breakfast food, ice cream, or a sandwich shop. In addition, the main building is also set up for a tenant/operator to run a full-service auto repair shop in an adjacent space complete with vehicle lift (great additional income stream). Grand Lake was established in 1881 and resides at an elevation of 8,269 feet above sea level. The Grand Lake is Colorado's deepest & largest natural lake, cut by a glacier a millennia ago, boasts a maximum depth of 389 feet. Summer activities include boating, sailing, kayaking, swimming, fishing and other water sports. Hiking and mountain biking are also exceptional popular in the area. Winter activities include hundreds of miles of snowmobiling trails as well as a world class Nordic skiing facility. Not to mention, Grand Lake is 45 minutes from the Winter Park Resort. Modern marketing, direct booking & social media will drive positive growth and immediate impact. The post-Covid travel & lodging opportunity is shaping up to be very attractive for hospitality & destination operators. 2020 NOI Cap Rate = 9.3% at asking price. With a modest 15% increase in lodge occupancy, and rental income from the 2 apartments, the NOI increases substantially and leads to a 13+ Cap in 1 year. Financial model available upon request. The Fuel Station could be eliminated and the convenience store could be converted to a restaurant or other attraction. The seller is willing to work with a buyer who is not interested in the fuel station operation. Additional Interesting Resources: Why You Should Consider a Winter Vacation to Grand Lake https://www.5280.com/2020/03/why-you-should-consider-a-winter-vacation-to-grand-lake/ Constitution Week Celebration https://www.grandlakeusconstitutionweek.com/ Winter Carnival https://gograndlake.com/winter-carnival/
    Exterior Features

    Garage Type Attached

    Interior Features

    Total Sq Ft 11011.00

    Property Features

    Percent Ownership Full Sales Transfer Tax No Sewer Source Community N/A Sewer Source Public Tap Paid Sewer Source Septic N/A Style Not Applicable Tax Year 2020 Taxes 14048.00 Water Source Community N/A Water Source Public Tap Paid Water Source Well N/A


    Listing courtesy of Sanderson Commercial Real Estate.
    © 2021 Grand County Board of REALTORS®. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or The Real Estate Company. Data last updated: 2021-09-20T10:06:35.717.
     
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