Rainbow Motel | 105 8th Ave
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Rainbow Motel 105 8th Ave
16 Room Hotel Greeley, CO 80631 $2,161,642 CAD ($135,103 CAD/Room)
Executive Summary
Seller will carry financing to a qualified buyer $575,000 down, 5% for a 5-year term.
Price reduced.
A perfect fit for retiree owners who are not ready to retire and Millennial and GenX entrepreneurs who want a solid income base to support their other remote tech work.
The Rainbow offers an expansive manager’s residence with all new kitchen and bathroom upgrades in addition to 16 modern guest rooms.
Independent Boutique motel renovated and positioned to capture business entering Greeley from the North.
16 Guest rooms
Manager Residence on-site
The physical plant is ideal for use as private luxury rehab, corporate housing for Greeley-area businesses and residences for students attending local training.
Price reduced.
A perfect fit for retiree owners who are not ready to retire and Millennial and GenX entrepreneurs who want a solid income base to support their other remote tech work.
The Rainbow offers an expansive manager’s residence with all new kitchen and bathroom upgrades in addition to 16 modern guest rooms.
Independent Boutique motel renovated and positioned to capture business entering Greeley from the North.
16 Guest rooms
Manager Residence on-site
The physical plant is ideal for use as private luxury rehab, corporate housing for Greeley-area businesses and residences for students attending local training.
Property Facts
| Price | $2,161,642 CAD | Building Size | 6,412 SF |
| Price Per Room | $135,103 CAD | No. Rooms | 16 |
| Sale Type | Investment | No. Stories | 2 |
| Property Type | Hospitality | Year Built/Renovated | 1953/2022 |
| Property Subtype | Hotel | Tenancy | Single |
| Building Class | C | Parking Ratio | 2.5/1,000 SF |
| Lot Size | 0.43 AC | Corridor | Exterior |
| Price | $2,161,642 CAD |
| Price Per Room | $135,103 CAD |
| Sale Type | Investment |
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | C |
| Lot Size | 0.43 AC |
| Building Size | 6,412 SF |
| No. Rooms | 16 |
| No. Stories | 2 |
| Year Built/Renovated | 1953/2022 |
| Tenancy | Single |
| Parking Ratio | 2.5/1,000 SF |
| Corridor | Exterior |
Room Mix Information
| Description | No. Rooms | Daily Rate | SF |
|---|---|---|---|
| Guest Room | 16 | $110.56 CAD | - |
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PROPERTY TAXES
| Parcel Number | R2787186 | Improvements Assessment | $236,360 CAD |
| Land Assessment | $41,320 CAD | Total Assessment | $277,680 CAD |
PROPERTY TAXES
Parcel Number
R2787186
Land Assessment
$41,320 CAD
Improvements Assessment
$236,360 CAD
Total Assessment
$277,680 CAD
zoning
| Zoning Code | N/Av |
| N/Av |
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Park Properties, Llc
Rainbow Motel | 105 8th Ave
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