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    725 Grand Avenue

    Grand Lake, CO 80447
    • $2,950,000
    • STATUS: Active
    • ON SITE: 19 days
    • MLS #: 21-704
    Price Reduced
    UPDATED: 13 min ago
    $2,950,000
    • 12
      BEDS
    • 0.23
      ACRES
    • 9
      BATHS
    • 0
      1/2 BATHS
    • 7,519
      SQFT
    • $392
      $/SQFT
    Neighborhood:
    Type:
    Commercial
    Built:
    1949
    County:

    School Information

    Elementary School:
    Middle School:
    High School:

    Description

    Grand View Mountain Lodge, located on the boardwalk in the heart of Grand Lake, is a vacation destination dream come true. The property consists of 8 cozy guest rooms, a newly redesigned kitchen and bar, game room, expansive outdoor patio, live music and 3 bedroom in-keeper/owner apartment.The property is located at the corner of Grand Avenue & Vine Street at the start of the town boardwalk, facing the main route through Grand Lake, with a direct view of the picturesque mountains. Initially constructed in 1949, renovated in 1963, and updated in 2019 & 2020, the structure measures 6,654 sq/ft with a 1,200 sq/ft patio area. The overall lot is .229 acres.Known for live music 7-days a week and a great vibe, excellent food, and the most prime location in town; the patio holds 200.Formerly known as the Waconda Lodge and a long-time staple of Grand Lake, the property changed hands several times and ultimately became a full-time residence for a local family. The current owners had visited the Waconda years prior and wished to bring it back to its glory days after purchasing in 2019. Ownership has made substantial investments in upgrades around the property. A full list is available upon request. The motel boasts a cabin feel and mountain rustic interiors with 2 queen + twin rooms, 3 queen + futon rooms, 2 queen rooms, and 1 king room  2 rooms have fireplaces and all rooms have balcony walkway access with a view of the patio. Summer occupancy is generally 100% June through September, while winter weekends run at approximately 75% occupancy. Summer rates are $250/nt and winter rates hover around $150/nt. Visitors & guests are winter enthusiasts and plan to snowmobile, ice fish, cross country ski, or just cozy up to the fire, or a summer explorer visiting the Rocky Mountain Repertory Theater, Rocky Mountain National Park, sailing on Grand Lake, fly fishing on Blue Ribbon rivers, golfing, or just taking a long walk in the wood, this is the place for you. Between Covid in early 2020, the evacuation due to the East Troublesome Fire in the fall of 2020, and then another late season closure due to Covid, the operation was shuttered for a total of 4 months with high losses of perishable product due to smoke from the fire. All fire remediation has been completed. Despite a rough year, the business produced an NOI of $146,385 in 2020. Projected income in 2021 is already up 7% through April and expected to return 10-12% this year. The listing price is based on a turnkey operation and projections for 2021 and beyond. A buyer in the summer of 2021 will reap the tremendous cash influx of a pent-up demand for travel and entertainment following a year of pandemic lockdown. The seller & chef are willing to stay on through a reasonable transition period. Tours and details available upon request. Please do not disturb the staff or ownership without contacting listing broker for an appointment. About Grand Lake: https://gograndlake.com/grand-lake-history/

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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: 2021-06-12T14:06:35.453.
    www.trecwp.com/homes/117517036
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    725 Grand Avenue Grand Lake, CO 80447

    • Price: $2,950,000
    • Status: Active
    • Updated: 13 min ago
    • MLS #: 21-704
    12
    Beds
    9
    Baths
    0
    ½ Baths
    0.23
    Acres
    7,519
    SQFT
    $392
    $/SQFT
    1949
    Built
    Neighborhood:
    Grand Lake
    County:
    Grand
    Area:
    Grand Lake Area
    Elementary School:
    Granby
    Middle School:
    East Grand
    High School:
    Middle Park
    Property Description
    Grand View Mountain Lodge, located on the boardwalk in the heart of Grand Lake, is a vacation destination dream come true. The property consists of 8 cozy guest rooms, a newly redesigned kitchen and bar, game room, expansive outdoor patio, live music and 3 bedroom in-keeper/owner apartment.The property is located at the corner of Grand Avenue & Vine Street at the start of the town boardwalk, facing the main route through Grand Lake, with a direct view of the picturesque mountains. Initially constructed in 1949, renovated in 1963, and updated in 2019 & 2020, the structure measures 6,654 sq/ft with a 1,200 sq/ft patio area. The overall lot is .229 acres.Known for live music 7-days a week and a great vibe, excellent food, and the most prime location in town; the patio holds 200.Formerly known as the Waconda Lodge and a long-time staple of Grand Lake, the property changed hands several times and ultimately became a full-time residence for a local family. The current owners had visited the Waconda years prior and wished to bring it back to its glory days after purchasing in 2019. Ownership has made substantial investments in upgrades around the property. A full list is available upon request. The motel boasts a cabin feel and mountain rustic interiors with 2 queen + twin rooms, 3 queen + futon rooms, 2 queen rooms, and 1 king room  2 rooms have fireplaces and all rooms have balcony walkway access with a view of the patio. Summer occupancy is generally 100% June through September, while winter weekends run at approximately 75% occupancy. Summer rates are $250/nt and winter rates hover around $150/nt. Visitors & guests are winter enthusiasts and plan to snowmobile, ice fish, cross country ski, or just cozy up to the fire, or a summer explorer visiting the Rocky Mountain Repertory Theater, Rocky Mountain National Park, sailing on Grand Lake, fly fishing on Blue Ribbon rivers, golfing, or just taking a long walk in the wood, this is the place for you. Between Covid in early 2020, the evacuation due to the East Troublesome Fire in the fall of 2020, and then another late season closure due to Covid, the operation was shuttered for a total of 4 months with high losses of perishable product due to smoke from the fire. All fire remediation has been completed. Despite a rough year, the business produced an NOI of $146,385 in 2020. Projected income in 2021 is already up 7% through April and expected to return 10-12% this year. The listing price is based on a turnkey operation and projections for 2021 and beyond. A buyer in the summer of 2021 will reap the tremendous cash influx of a pent-up demand for travel and entertainment following a year of pandemic lockdown. The seller & chef are willing to stay on through a reasonable transition period. Tours and details available upon request. Please do not disturb the staff or ownership without contacting listing broker for an appointment. About Grand Lake: https://gograndlake.com/grand-lake-history/
    Exterior Features

    Access Road Maintain City Garage Type None

    Interior Features

    Main Sq Ft 3327.00 Total Sq Ft 7519.00 Upper Sq Ft 3327.00

    Property Features

    Cable TV Avail But No Connect Percent Ownership Full Possible Usage AccommodationsBusinessCommercial Sales Transfer Tax No Sewer Source Community N/A Sewer Source Public N/A Sewer Source Septic N/A Style Not Applicable Tax Year 2020 Taxes 3838.72 Water Source Community N/A Water Source Public N/A 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: 2021-06-12T14:06:35.453.
     
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