CO > South Fork
South Fork, CO 81154,30359 W Hwy 160
South Fork, CO 81154,30359 W Hwy 160
South Fork, CO 81154,30359 W Hwy 160
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Ashley Blackmore

Ashley Blackmore

+1(970) 903-7477
$2,525,000
Est. payment /mo
18 Baths
18,134 SqFt
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Key Details

Property Type Commercial

Sub Type RV Park

Listing Status Active

Purchase Type For Sale

Square Footage 18,134 sqft

Price per Sqft $139

MLS Listing ID 826734

Full Baths 9

Three Quarter Bath 9

Year Built 1937

Annual Tax Amount $16,302

Tax Year 2024

Lot Size 4.290 Acres

Acres 4.29

Property Sub-Type RV Park

Property Description

Known for decades the iconic Rainbow Lodge and RV Park is an older, smaller resort-type property with mountains views and located in the heart of South Fork, Colorado! The 4-parcel property with approximately spacious 4.29 acres, consists of a motel (built 1964-1968) with 10 single-level rooms (four on front, six on side), 4 apartments: a 3 bedroom/2-bath managers apartment, a 2-bedroom /2 bath apartment, a 2-bedroom/1-bath apartment, a one bedroom /1 bath apartment, lobby for the complex, leased commercial retail space (approx. 1200 SF), an over-sized garage/workshop, guest and motel laundry (with guest and commercial motel washers and dryers), 17 furnished cabins (built 1937-1967), 33 RV spaces with full hook-ups including electricity (15 -30 AMP, 18 50 AMP), internet, water and sewer. An additional newer well house with water treatment equipment is next to a recreation/event building containing an event room with kitchen and 2 restrooms. Other amenities include fish cleaning station, firepit & grill areas, fenced dog run area, paved entrance to motel and cabins 14, 15, and 16, and gravel driveways to cabins and RV spaces. All furnishings and fixtures related to operation convey with sale. The cabins and rooms have been updated (miscellaneous repairs, flooring, inside & outside painting, furniture, bath & light fixtures, kitchen and bath counters, new metal roofs) since the owner purchased it in 2021. Originally the property was a smaller resort-type property, and the current owner very recently converted a good portion of the property to long term rentals to include the apartments and most of the cabins. The 16 cabins consist of 5 duplex residential and 6 single units. Cabin 14 remains as a nightly rental in addition to the 10 motel rooms, perfect for skiers in winter! The 33 RV spaces are rented typically from May through October. Two wells provide water for the RV Park, cabins and motel rooms. Sewage is released through South Fork Sanitation District system (no septic systems!) This amazing South Fork, Colorado property as currently designed is a unique investor (1031 Exchanges welcomed) or family business opportunity. Both the RV spaces and single cabin provide a revenue flow beyond the long-term residential rentals. Additionally, the 10 motel rooms provide year-round revenue and are set up for internet check-in. The lobby could be converted into a retail space for additional income. A new owner could pursue long term housing rental scenario for the motel rooms. RV Spaces and Recreation/Event Building could continue as seasonal revenue for out-of-state guests who have come to Rainbow RV Park for generations! The Recreation/Event Building could also attract RVs who desire a special event, having their guests stay in the RV park. Standing income exists with long term rental housing (leases transfer), commercial rental (Wolf Creek Anglers lease transfers), short term motel rooms, one cabin rental, & seasonal RV resort space rentals. As Wolf Creek Ski area develops and with approximately 470 feet frontage east to west along Highway 160 and State Highway 149 (as they merge in front/south of the property), this property is a prime development gem.

Location

State CO

County Rio Grande

Interior

Heating Varied

Cooling Window A/C Unit(s)

Flooring Carpet, Laminate, Vinyl, Wood

Equipment All furnishings and fixtures related to operation.

Furnishings Furnished

Exterior

Parking Features Partially Paved, Off Street, Gravel, 20 + Total Spaces, Garage

Utilities Available Electric, Internet, Propane-Tank Leased, Sanitary Sewer, Water

Roof Type Metal

Building

Story 2

Foundation Crawl Space, Other, Slab

Sewer Public Sewer Installed

Water Well-Other

New Construction No

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Colorado Real Estate Network (CREN) + Sold
Listed by Keller Williams Realty Southwest Associates, LLC - Pagosa

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30359 W Hwy 160

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Ashley Blackmore

+1(970) 903-7477

ashley@homesforsaledurango.com

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