The Hansen Apartment Group is pleased to present the Ridgeview Motel development opportunity. Located at 3501 W Colorado Ave, Colorado Springs, CO, it presents an incredible development opportunity for the right investors. Ridgeview Motel is located on the desirable west-side of Colorado Springs, near Manitou Springs and the Garden of The Gods. Investors will be able to determine the best use for the property, given their strategy. The property is currently a vacant motel that consists of ten (10) units (nine hotel units and a single-family home). The property is zoned as C5, which allows an investor to either keep the current structures for remodel or demolish to suit their needs. The interiors of the property have been demoed with some plumbing already roughed into the units.
Full Offering Memorandum is in Attached Documents.