$1,650,000

The Lone Eagle Lodge, a historic motel located in the heart of downtown Grand Lake. This charming establishment has been providing excellent service and cozy accommodations since 1951. It's named after the majestic Lone Eagle Peak in the nearby Indian Peak Wilderness. The property offers a total of 20 lodging spaces: 17 guest rooms, 2 two-bedroom apartments, and 1 one-bedroom apartment. All rooms are designed to ensure a comfortable stay for guests. The property's key features include a cozy on-site lodge lobby with a television and community tables, providing a comfortable place for guests to relax and socialize. Notably, the Lone Eagle Lodge is conveniently located within walking distance of dining, shopping, and the stunning lakefront, making it an ideal spot for guests looking to enjoy the local area's amenities and natural beauty. The property has undergone recent upgrades, including a new sewer line and freshly paved parking lot, which will reduce future maintenance requirements. Additionally, the introduction of a state-of-the-art property management system with keyless entry adds an advanced level of convenience and safety for guests and owners. This is a cash or 1031 exchange transaction. To view the property, please note that showings are by appointment only. This represents a unique opportunity to own a piece of Grand Lake's history while enjoying the breathtaking beauty of the surrounding area. This could be an excellent purchase for a seasoned investor or someone looking to make their mark in the hospitality industry. Don't let this unique opportunity pass you by.