Take advantage of this exceptional multi-use commercial opportunity in a highly visible, prime location on the corner of First Street and Elm Ave in Akron, CO. Currently configured as a limited-service motel, the property provides potential for continued hospitality use or other commercial possibilities. Built in 1959, fully renovated in… Read More 2010, the single-story brick building encompasses approximately 7,116 +/- square feet and features a courtyard-style footprint with convenient access from the south and west, along with off-street parking. The property includes an office with manager's living quarters, 13 guest rooms consisting of four single and nine double rooms, guest and housekeeping laundry facilities, and approximately 1,200 square feet of common area. Adding to the property's versatility is a spacious conference and event area featuring a meeting/recreation/community space, commercial kitchen, two restrooms, and utility/storage areas—creating additional possibilities for meetings, events, gatherings, or other commercial uses. Guest rooms are equipped with individual heat and cooling units, and the property includes amenities such as Wi-Fi, televisions, refrigerators, microwaves, and more. One room features a handicap-accessible shower. A guest laundry facility, housekeeping area, and approximately 120 +/- square foot storage building add further functionality. With recent updates, minimal deferred maintenance, and excellent visibility in a key location, this unique property presents a rare opportunity for an owner-operator, investor, or entrepreneur. Discover the possibilities this multi-use commercial property has to offer and schedule your private showing today in the amazing community of Akron! Read Less
Courtesy of Key Team Real Estate Corp. 720-438-1093
Listing Snapshot
Days Online
44
Last Updated
Property Type
Special Purpose
Square Ft.
7,116
Lot Size
1.18 Acres
Year Built
1959
MLS Number
8038910
Buyers CO-OP Compensation
The Key Team does not control, or set commissions. The offer of commission is between Participants and is always negotiable. Contact listing broker for details.
Built in 1959, Built in 2010 (effective), Construction Materials: Brick, Frame
Expenses
Operating: $86,822
Income
Gross Income: $138,126
Lot
1.18 acres, Corner Lot, Landscaped
Parking
22 total parking spaces, Asphalt, Concrete
Roof
Composition
Security Features
Carbon Monoxide Detector(s), Smoke Detector(s)
Sewer
Public Sewer
Taxes
Parcel Number: 92033001001, Annual Amount: $6,596, Legal Description: SO OF MORNINGSIDE REC#866819 TRACT #1 COMM AT A PT 380' E OF THE E LINE OF DATE STREET WHICH IS THE TRUE PT OF BEG; THENCE E 150'; N 150';W 150'; S 150' TO PT OF BEG AND-COMM AT A PT 530' E OF THE E LINE OF DATE ST, THENCE E 20'; N 150'; W 20'; S 150' TO PT OF BEG. (AKA 625 EAST 1ST), Year: 2025, Zoning: D-Business and Commercial
Utilities
Electricity Connected, Natural Gas Connected, Phone Connected, Sewer Connected, Water Source: Public
Find The Perfect Home
'VIP' Listing Search
Whenever a listing hits the market that matches your criteria you will be immediately notified.
Listings courtesy of METROLIST, INC., DBA RECOLORADO® as distributed by MLS GRID, based on information submitted to the MLS GRID as of . Information is provided exclusively for consumers' personal noncommercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed by MLS GRID. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may be listed or sold by various participants in the MLS, who may not be the office/agent presenting the information.
Confirm your time
Fill in your details and we will contact you to confirm a time.