1160 Grand Avenue, Norwood, CO 81423 (MLS# 40309)


$1,790,000
1160 Grand Avenue
Norwood, CO 81423
MLS# 40309



1160 Grand Avenue, Norwood, CO 81423
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Property Description
The Back Country Inn is quite the business opportunity for Investors or Owner/Operators. It has been completely remodeled in 2008 with high quality craftsmanship and high end finishes. The main Hotel has 10 spacious rooms with refrigerators, microwaves and coffee machines. The main Hotel building also has office space and 2 apartments in the back for Owner-operators or to rent out short or long term for more income. It can be configured into two 1 bedroom apartments or one 2 bed, 2 bath apartment. Also in back of the main building are more living opportunities with 4 newer Mobile Homes with room to add more and 7 RV spaces available. Also includes a large laundry room and showers in back. Plenty of room to expand or even sub-divide. Excellent management already in place. Turn key

Details
Listing & Location Info
Current Price: $1,790,000
Sub-Type: Commercial Spaces
Major Area: 50
Area: Norwood, Town of - 51 (Major Area 50)
Asking Price: 1790000
Street #: 1160
Street Name: Grand
Street Suffix: Avenue
City/Town: Norwood
County: San Miguel County
State/Province: CO
Postal Code: 81423
Keywords Info
# Of Tenants: 16+
Full Baths: 16
General Info
Nbr of Acres: 1.63
Total # of Units: 16
Subdivision: None
Zoning: Commercial
Legal: A TRACT OF LAND IN THE NW4NW4 27 45 13 DESCRIBED AS FOLLOWS BEG AT PT 2248 FT W AND 30 FT S OF QTR COR COMMON TO SECS 22
Est Finished SqFt: 8153
Source SqFt: Assessor
Directions: On the Main street (Grand Avenue) at the west end of Norwood. South side. Back Country Inn sign.
Year Built: 1953
Year Remodeled: 2010
Financing Info
Assessor's Acct #: R2010020988
Taxes: 7272.8
Tax Year: 2022
HOA Mangment Company/Info: N/A
RETT: None
Status Change Info
Status: Active
Utility Info
Phone Lines: Regular Phone
Primary Heat: Combination
Property Features
Disclosures: None
Level: Street Level
Construction: Frame; Stone
Substructure: Slab
Exterior Finish: Stone; Wood (Natural)
Sanitation: Sewer
Gas: Natural
Electric: Power Company
Common Utilities: Regular Phone
Extra Rooms: Office; Other
Special Location: None
Business Inclusions: Books; Clients List; Fixtures Included; Inventory; Name
Supplements
operation. Norwood is a thriving, up and coming community near Telluride Ski Resort. Nordic x-country ski trails, numerous hiking and biking trails. Miramonte Lake for fishing and boating and surrounded by BLM and National Forrest for hunting and recreating. Come and be a part of it.

Listing Office: Pine Cone Realty

Listing Agent: Arleen Boyd

Last Updated: May - 16 - 2022

1160 Grand Avenue, Norwood, CO 81423 - MLS# 40309

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