Investment Cabin Retreat For Sale in Bayfield, Colorado!

Overview

  • Updated On:
  • January 15, 2024
  • 7,788.00 ft2
  • acre symbol
  • 3.2 acres

Investment Cabin Retreat for Sale in Bayfield, Colorado!

$ 1,895,000
18645 Co Rd 501,
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Description

Business Opportunity For Sale in Southwest Colorado

This premier income-producing property is nestled among mixed conifer and Gambles oak trees along the northern shore of Vallecito Reservoir. Originally part of the renowned Wits End Ranch, this family-owned creekside sanctuary offers countless possibilities for a new owner. Sitting on approximately 3.2 acres of land, the property features a Main Lodge and 7 rental units.

Lodge & Resort in Southwest Colorado

The Main Lodge is a beautifully renovated log-sided building of around 6,000 sq ft. It boasts a newly upgraded kitchen, a spacious dining area, and a great room with tongue and groove ceilings and walls, complete with a custom stone fireplace. The lodge comprises 5 bedrooms, each with ensuite baths, newly remodeled with fine decor and furnishings. The cabins consist of 2 duplexes, 2 spacious 2-bedroom/1-bathroom cabins, and 1 large 3-bedroom/2-bathroom cabin. Each unit comes with a fireplace and covered porch. Additional space for 2 to 4 more units is available, with foundations and utilities already in place. There is also land for potential RV site development. The cabins have a successful rental history, with a pro forma gross cap rate of 9% or more, depending on the preferred operations of the new owner. The property features a pond that can be stocked with trout annually, providing added value to guests and an extra income source. Previously, the fishing pond generated $15,000 to $20,000 in additional income when operated through Wits End Ranch. The entire property is serviced by Silver Streams Well #1, a decreed water system that also serves 13 cabins, including the Main Lodge and a formerly successful restaurant.

Lifestyle in Bayfield, CO

Located near Vallecito Reservoir, known as the “Lake of the Little Valley,” the area offers excellent fishing opportunities with a variety of fish species. Surrounding the lake are over 2.5 million acres of public lands, providing ample options for outdoor activities year-round, such as boating, fishing, hiking, biking, and winter sports. The property is approximately a 30-minute drive from downtown Durango, offering access to historic sites, the Durango and Silverton Narrow Gauge Railroad, and Purgatory Ski Resort. Mesa Verde National Park is also within a convenient distance. This secluded mountain hideaway offers a serene setting while maintaining easy access to lively communities. The seller is open to financing options for buyers with a down payment of 30% or more, offering terms of 8% to 9% interest for 3 years, with a possible renewal option and no qualification required.

PROPERTY FEATURES:

Business Opportunity in CO
Southwest Colorado Real Estate
Lodge For Sale
Lodge For Sale in CO
Lakefront Commercial Land
Business Investing in CO
Resort and Lodge in CO
Bayfield, CO Real Estate

Address: 18645 Co Rd 501
City:
State/County:
Zip: 81122
Country: United States
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Property Id : 101148
Price: $ 1,895,000
Property Size: 7,788.00 ft2
County: Montezuma County
Lot Size (AC): 3.20000
Listing ID: 05099-80366
Office ID: 4799
Listing Address: 18645 County Road 501

Furi, Michelle

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Furi, Michelle