$1,200,000

Dreamed of running a BandB in the mountains? This is your chance. Live on-site with a use update or live off-site and get more rental income! Fully renovated 1875 historic building, the old mercantile store , and prior to that it was the St James Hotel and Bar. Many fun facts attached to this property - featured in a John Denver movie and Clint Eastwood movie. Special events during summer, and Christmas Market every year. This property does very well for the winter with a full shared kitchen, laundry on site and in room, and breakfast essentials provided along with coffee makers and frig/microwave in room make this a great place to stay for skiing. Easy drive to Loveland, Winter Park and Copper, Breck, Keystone. Everyone loves the historic ambiance and some original details and signage at the property along with comfortable beds and fully renovated bathrooms with soaking tubs. Great for entire hotel rentals, does well on STR sites at $1000-1200/night. Vacant property appraised at $1.35M with all the updates and finishes made along with wet fire sprinkler system for $100K installed. Available historic tax credits and interest free loans and grants to update the exterior available from the state and county. Many upside opportunities available including liquor license, finish the 200SF shed for another suite, add more in-room amenities or better breakfast for a more upscale stay. Low rates currently, so lots of room to bring in more revenue! All furniture included at list price. Please contact listing agent/owner for a personal tour.