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Asking Price$349,500
RevenueUndisclosed EstablishedUndisclosed
Cash FlowUndisclosed EmployeesUndisclosed
FF&EUndisclosed* FranchiseNo
InventoryUndisclosed* RelocatableNo
Real EstateUndisclosed* Home-basedNo
* Included in Asking Price
The Hotel Norwood is a beautifully restored turn of the Century Hotel in the heart of downtown Norwood. This building has functioned as a successful Hotel and restaurant for many years. This is a wonderful business opportunity for a Hotel/Hostel, B&B, long or short term rentals and a restaurant....whatever you choose to make it. So many possibilities. It includes a fully equipped commercial kitchen, dining rooms and decks for for outside dining and comes complete with all the beautiful antique furnishings and fixtures. In addition to the 10 hotel rooms in the main building with 4.5 baths there is a 2 bedroom, 2 bath apartment and a one bedroom apartment for owners/managers or for renting long term. A garage and historical log cabin complete the property. Beautiful mature trees and landscaping.
A Six unit addition was built in 1994 with private baths and room for kitchenettes. Possibility of subdividing on this almost half acre parcel in the heart of town. Great for investors with a cap rate of 12%.
Centrally located. Just 45 minutes from the world class ski resort of Telluride and 1 1/2 hours to Moab, Utah. Price just reduced!
Ad #93915
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