403 Taylor St, Craig, CO 81625

Property Description

Hospitality Business w/Real Estate. Travelers, laborers, students, tourists and wanderers are all welcome at 403 Taylor Street Hostel. Conveniently located in downtown Craig, guests are offered private rooms along with shared common spaces to unwind and enjoy the company of fellow patrons. Amenities include a living room with a cozy gas fireplace, a quiet reading/game room, a large dining room, a commercial-quality kitchen, laundry facilities, outdoor dining and lounge space, and ample parking. All 11 guest rooms, six of which are ensuite, have digital locks for security and privacy. The interior features new LVT and carpet flooring, fresh paint throughout, new security cameras, two new bathrooms, and several updated bathrooms (ten total bathrooms). The entryway is flanked by two offices and there is generous interior storage along with a 27-foot by 27-foot detached shop/garage. Currently, the hostel accommodates mostly month-to-month guests, but two rooms have been reserved for nightly rental. Existing bed configuration accommodates up to 25 total occupants, allowing for significant operational flexibility, including Bed and Breakfast opportunities. Well-maintained, comfortable and friendly, 403 Taylor Street Hostel is a turn-key hospitality business w/real estate that has good cash flow and upside potential.