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1460 E Chestnut St, Sterling, CO 80751
$1,335,000
1460 E Chestnut St, Sterling, CO 80751View this property at 1460 E Chestnut St, Sterling, CO 80751
1460 E Chestnut StSterlingCO80751
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Property Description
TWO properties (1st Interstate Inn and Free Standing Restaurant) are for sale on a 2.42-acre lot. One is a 30-room hotel ( 1460 E Chestnut), and the other is a 1,960-square-foot free-standing restaurant (1472 E Chestnut). Both properties are in an excellent location, right off HWY 76. The hotel offers 30 SPACIOUS guest rooms(22 -two beds, 8 -1 beds), guest coin laundry ( could be used for gas station users/ travelers), and a 1-manager suite/apartment. It provides ample parking, a relaxing and quiet setting by the creek, and a vaulted ceiling in each room. Newly updated with a new roof, new gutter, new flooring, added a sink and a stove in 18 rooms, new paint, and new water heaters. The restaurant can be leased. Owner financing opportunity!!! The Motel was updated for easy management. Owner/user can increase the revenue. Manger operated business for over 5 years. Excellent for development such as a franchise hotel, multifamily, multi-tenant retail building, etc. Investors may have tax credits since this is in Opportunity and Enterprise Zone!!! Must see! Call for showings!
Full Property Details
Full Property Details for 1460 E Chestnut St
General
- Price: $1,335,000
- Taxes: $8,013
- Status: Active
- Type: Industrial
- MLS ID: 1007098
- Updated: 4/16/2024
- Added to Site: 19 day(s) ago
Business
- Business Type: Incorporated Area
Location
- Area: Sterling
- County: Logan
- Subdivision: Abba Rep
- Driving Directions: Heading north on HWY 76, exit at the City of Sterling. It is on the left side of the main road.
Heating & Cooling
- Cooling Type: Window Unit(s)
- Heating Type: Wall Furnace
Utilities
- Water: City Water, City of Sterling
Structural Information
- Exterior Const.: Wood/Frame
- Basement Desc.: None
- Square Feet: 9,376
- Year Built: 1973
Lot Features
- Lot Size (Acres): 1.82
- Frontage: City Street
- Street/Road Desc.: Paved, Asphalt
- Lot Features: Level
- Best Use: Multi-Family, Commercial or Industrial
- Zoning: Commercial
Financial Considerations
- Tax Amount: $8,013
- Tenant Pays: Deposit
Disclosures and Reports
- Buyer’s Brokerage Compensation: 2.5%
- Exclusions: Manager's personal property
Listed by RE/MAX Alliance-FTC South (970) 226-3990
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Schools
Schools serving 1460 E Chestnut St
School District:School District No. Re-1, Valley
Rating | Name | Grades | Distance |
---|---|---|---|
Ayres Elementary School
1812 Robin Rd, Sterling, CO 80751 | K-2 | 2.2 mi | |
902 Clark St, Sterling, CO 80751 | 3-5 | 2.3 mi | |
1177 Pawnee Ave, Sterling, CO 80751 | 6-8 | 2.4 mi | |
407 W Broadway St, Sterling, CO 80751 | 9-12 | 2.1 mi |
Disclaimer: School ratings provided by
GreatSchools. Ratings are on a scale of 1-10.
Learn more about GreatSchools ratings.
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 1460 E Chestnut St
Date
Details
Price
Change
Source
4/13/2024
Listed
$1,335,000
95053.24%
MLS
9/15/2016
Sold
$1,403
—
Public Record
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Tax History
Tax History for 1460 E Chestnut St
Year
Property Taxes
Change
Tax Assessment
Change
2021
$8,193
—
$102,350
8%
2022
$8,193
12%
$95,110
-45%
2019
$7,289
-11%
$172,440
77%
2019
$8,217
—
$97,200
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 1460 E Chestnut St
1460 E Chestnut St, Sterling, CO 80751 (MLS# 1007098) is a Industrial property. 1460 E Chestnut St is currently listed for $1,335,000 and was received on April 13, 2024. Want to learn more about 1460 E Chestnut St? Do you have questions about finding other Industrial real estate for sale in Sterling? You can browse all Sterling real estate or contact a Coldwell Banker agent to request more information.