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Hotel Eastin 104 2nd Street, Kremmling, CO 80459
Mixed Use
Property Description
MIXED USE COMMERCIAL PROPERTY - Historic boutique hotel with a strong rental history and exceptional versatility—all priced at $159 per square foot and 9.6% CAP rate. This beautifully updated property offers flexible use as short-term rentals, long-term stays, or workforce housing. Perfectly positioned across from the Town Square, guests and tenants enjoy immediate access to restaurants, shopping, and community events. The property features two commercial storefronts, adding income potential, and includes convenient on-site storage. A rare investment opportunity blending character, modern updates, and prime location.
Area Description
Kremmling, Colorado, known as the “Sportsman’s Paradise,” is a small mountain town nestled in Grand County at the confluence of the Blue and Colorado Rivers. Surrounded by wide-open spaces, dramatic cliffs, and endless recreational opportunities, Kremmling offers a true taste of Colorado’s rugged beauty.
Located along Highway 40 between Steamboat Springs, Winter Park, and Summit County, the town is a convenient basecamp for year-round adventure. Outdoor enthusiasts flock here for world-class hunting, fishing on the Blue River, rafting the Colorado, snowmobiling, and hiking in the surrounding national forest and BLM lands.
Kremmling retains its authentic Western charm with a welcoming community, local shops, cafes, and essential services. The town is also home to the famous Kremmling cliffs, Wolford Mountain Reservoir, and easy access to Green Mountain Reservoir. Its central location and small-town character make it both a practical home base and a destination for those seeking wide-open landscapes, fewer crowds, and a slower pace of life in the Rocky Mountains.
Full Address: 104 2nd Street, Kremmling, CO 80459
Listing Type: FOR SALE
Status: Active
Zoning: Commercial
Region: W-WM
County: Grand County
Closest Cross Streets: 2nd and Highway 40
Use Type: Mixed Use
Property ID: 4085903
Has Sewer: Yes
Has Water: Yes
Has Electric: Yes
Has Waste: Yes
Has Broadband: Yes
Heating: Yes
Cooling: Yes
Grade Docks: Yes
Has Gas: Yes
Building Sf: 13220
Parcel Num: 44107415003
Number Units: 33
Number Buildings: 2
Year Built: 1906
Year Renovation: 1965
Free Standing: Yes
Cap Rate: 9.6
Tenancy Type: Multi-Tenant Unanchored