1415 Grand Avenue, Norwood, CO 81423 (MLS# 38444)


$465,000
1415 Grand Avenue
Norwood, CO 81423
MLS# 38444
Status: Closed



Norwood Inn
  1 / 19  
Norwood Inn DSC08800 Norwood Inn3 Norwood Inn8 Norwood Inn1 Norwood Inn5 _MG_7792 copy _MG_7778 copy _MG_7743 copy _MG_7789 copy _MG_7834 copy _MG_7830 copy _MG_7790 copy _MG_7844 copy _MG_7869 copy _MG_7873 copy _MG_7881 copy Norwood Inn kitchen Norwood Inn bath

Property Description
The Norwood Inn has functioned for many years as one of the most successful Hotels in Norwood with a year round customer base including summer travelers, fall hunting season regular guests, winter ski season and spring contractors. Each unit has a kitchen making it ideal for long term guests. The Inn has been meticulously maintained and just had a recent remodel with new stucco, painting, landscaping, new appliances, bathroom fixtures, lighting, new mattresses and bedding, etc. This is a wonderful opportunity for an owner/operator or an Investor with a cap rate of 16.5% at full asking price. Situated in the heart of downtown Norwood next to Clarks Market and walking distance to all shops and restaurants and just a short scenic drive to Telluride Ski Resort.

Details
Listing & Location Info
Major Area: 50
Lot #: 13-15
Keywords Info
# Of Tenants: 13
Full Baths: 13
General Info
Land SqFt: 16753
Nbr of Acres: 0.26
Total # of Units: 13
Zoning: Commercial
Legal: LOTS 13 R BLK 3W COPPS ADDITION NORWOOD PLAT BK 1 PG 4940 RECEP NO 449216 JUNE 30 2017
Est Finished SqFt: 4074
Source SqFt: Assessor
Year Remodeled: 201516
Directions: Downtown Norwood next to Clarks Market. North side of Street.
View 1: Main Street
Subdivision: None
Year Built: 1947
Financing Info
Taxes: 10413
Tax Year: 2019
RETT: None
Assessor's Acct #: R2010020575
Utility Info
Phone Lines: DSL
Primary Heat: Gas Base
Disclosures
None: 1
Level
Street Level: 1
Construction
Frame: 1
Exterior Finish
Stucco: 1
Water
City: 1
Roof
Metal: 1
Sanitation
Sewer: 1
Primary Heat
Baseboard: 1
Gas: 1
Hot Water: 1
Open Area Parking
3 Car +: 1
Special Location
None: 1
Gas
Natural: 1
Common Utilities
DSL: 1
Extra Rooms
Bath(s): 1
Kitchenette: 1
Office: 1
Appliances
Kitchenette: 1
Microwave: 1
Refrigerator: 1
Business Inclusions
Books: 1
Clients List: 1
Fixtures Included: 1
Inventory: 1
Name: 1
Green Features
Xeriscape: 1
Listing Location Info
Current Price: $465,000
Sub-Type: Commercial Spaces
Area: Norwood/Redvale (Major Area 50)
Asking Price: 465000
Street #: 1415
Street Name: Grand
Street Suffix: Avenue
City/Town: Norwood
County: San Miguel County
State/Province: CO
Postal Code: 81423
Status Change Info
Status: Closed
Sold Date: 2020-06-19
Sold Price: $465,000
Property Features
Disclosures: None
Level: Street Level
Construction: Frame
Exterior Finish: Stucco
Roof: Metal
Primary Heat: Baseboard; Gas; Hot Water
Gas: Natural
Common Utilities: DSL
Extra Rooms: Bath(s); Kitchenette; Office
Open Area Parking: 3 Car +
Appliances: Kitchenette; Microwave; Refrigerator
Special Location: None
Business Inclusions: Books; Clients List; Fixtures Included; Inventory; Name
Green Features: Xeriscape

IDX
Listing Office: Selling Member- Non MLS Participant
Listing Agent: Sale by a Non MLS Participant-Use only for comps

Last Updated: January - 24 - 2026

The data relating to real estate on this web site comes from REALTORS who submit listing information to the Internet Data Exchange (IDX) Program of the Telluride Association of REALTORS, Inc. The inclusion of IDX Program data on this web site does not constitute an endorsement, acceptance, or approval by the Telluride Association of REALTORS of this web site, or the content of this web site. The data on this web site may not be reliable or accurate and is not guaranteed by the Telluride Association of REALTORS, Inc. The IDX data on this web site is provided exclusively for the web site user's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties that the user may be interested in purchasing.