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About This Home

This 0-bedroom, 0-bathroom commercial at 500 Main Street in Fairplay, CO is listed for $2,400,000. Built in 1925, on a 0.67 acres lot.

Agent Description

Rare investment opportunity in the heart of the up and coming town of Fairplay. Built in 1925, this unique property is listed on the National Registry of Historic Places. Formerly known as the Valiton Hotel, this 25-room hotel property has been brought back to life with major upgrades including renovated bathrooms, bedrooms, new windows throughout entire bldg, new boiler, all new plumbing, new exterior and interior paint job.

The property also includes a fully functional restaurant with a welcoming patio, offering strong income potential and a unique guest experience. Restaurant space currently leased to Salon Mexico. Conveniently located along Hwy 285 corridor and only 30 minutes to the Breckenridge Ski Area.

The Summit Stage bus stop is only a block away and provides direct access to Breckenridge making it highly attractive for both tourists and workforce housing. Rare chance to own a piece of history in a rapidly growing area with exceptional investment upside. This property is currently being used for workforce housing. Great opportunity for workforce housing, affordable housing, and or Hotel investment property.

Key Features

  • Built in 1925
  • 0.67 acre lot

Property Details

1925

Monthly Cost Estimate

$12,836/mo

20% down · 6.5% · 30 years

Principal$1,736
Interest$10,400
Insurance$700

Estimates only. Actual payments may vary.

Location

500 Main Street

Fairplay, CO 80440

FAIRPLAY

Property Details

Heating

Wood StoveBaseboardWoodOilCentralNatural Gas

Questions & Answers

This 0-bedroom, 0-bathroom commercial at 500 Main Street is listed at $2,400,000. The estimated monthly payment is $10,400 based on 20% down at 6.5% interest.

Key features include: Built in 1925, 0.67 acre lot.

This property is listed by Luke Paffrath and can be reached at (970) 453-0466 or luke@ptbreck.com.

LP

Luke Paffrath

Agent at Paffrath & Thomas R.E.S.C

(970) 453-0466

Listed by Paffrath & Thomas R.E.S.C · View on Broker Site

MLS# S1068450· Source: listhub· Updated 27 days ago

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500 Main Street, Fairplay, CO 80440

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