The Hotchkiss Hotel, 101-107 W. Bridge St., Hotchkiss

$1,280,000
N/A Beds
N/A Baths
9360/sq. ft.
.28 acres

Property Description

Own a piece of history! The Hotchkiss Hotel was built in 1896-1897 by town founder Enos Hotchkiss. Aka the Hotchkiss Block, the building operated as a hotel for many years, accommodating up to 50 guests, and also housing at various times hardware and grocery stores, a bank, a post office, a bus station and several restaurants. Its longtime position of importance in the Hotchkiss community and stylish construction of locally-produced red brick have earned it a spot on the National Register of Historic Places (see Assoc Docs).

Extensively restored and remodeled since 2003 (with newer plumbing, electrical, water lines, roof, windows, doors and flooring), today the building claims as tenants a popular restaurant, hair salon and Pilates studio. Also downstairs are two office spaces and a mostly finished unit that could be an apartment or side-street coffee shop. Upstairs are 7 apartments (3x2BR, 2x1BR, 2 studio) with excellent rental histories, plus a coin-operated laundry room. Current rents total over $8,000 per month with room for improvement (current cap rate is 5.3%).

The seller has requested that potential buyers view the virtual tour of the property (see video below). So that intrusions on tenants' privacy may be minimized, in-person showings will be set up only for serious inquiries from pre-qualified buyers. Property is co-listed with Mike Kennedy of RE/MAX Mountain West in Carbondale.

Property Details

MLS Number 781232
Bedrooms N/A
Bathrooms N/A
Square Feet 9360
Acreage .28
Year Built 1897
Taxes 8351
County Delta

Property Video

Property Location

The Hotchkiss Hotel, 101-107 W. Bridge St., Hotchkiss

Directions

Hwy 92 (Bridge St.) through downtown Hotchkiss. Property is on southwest corner of 1st and Bridge.

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Contact Bob & Linda Lario about this property!

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What our clients say

When I listed my property with Bob and Linda Lario in 2017, I knew it would be a difficult property to sell; however, I had no idea just how complicated and draining the process would be. I truly believe that without Bob and Linda as my Realtors, the property would still be for sale and I might be in some sort of lock-up! I cannot recommend them highly enough. Although the property had a lot of positives, it also had a bundle of negatives, that, at times, seemed to be total deal killers. From the beginning Linda was on top of all the complicating details regarding water rights and title. Bob was turning the negatives into positives and focusing on making the property desirable to buyers. It’s hard to put into words the qualities of attention to detail, creativity, professionalism, commitment, knowledge and skill that the Lario Team brought to the table. The expertise gained through their years in the business made all the difference. There wasn’t a single problem that couldn’t be solved or frayed nerve (mine and others’) that couldn’t be calmed. And, in the end, I received nearly my full asking price! It was a pleasure doing business with them; wish I had more land to sell!

- Leah Audin