201 S Main St
Lamar, CO 81052$2,750,000.00
Quick Summary
- Property ID: 27861354
- Property Name: Max Hotel and Chophouse
- Price Per Unit: $91,667.00
- Address: 201 S Main St, Lamar, CO 81052
- Sale Type: Investment
- Cap Rate: 7.27%
- Property Type: Multifamily
- Property Subtype: Apartment
- Apartment Style: Low Rise
- Building Class: B
- No. Stories: 3
- Year Built/Renovated: 1938/2021
- Status: Active
- Area: 25497 sqft
Property Description
Seller financing is available to qualified buyers.
Fully refinished, the building is mixed-use with:
- 30 unit residential including 7 double room Airbnb units plus General Manager residential
apartment
- 3 commercial units including a 9000 sq ft owned restaurant plus Barber Shop and Nail Salon
The Max, built in 1938, was and remains an Art Deco gem.
Originally advertised as fireproof, built entirely of concrete from the foundation up, ceilings and floors
included. In honor of that, we had our concrete floors professionally polished to perfect the legacy.
Now an entirely smoke-free environment, the air ducts throughout the building have been
professionally cleaned and all textiles replaced. See www.themaxhotel.com for images and additional
information.
The second and third floors of the Max have been wholly updated, with all new furnishings plus:
- All bathroom fixtures have been changed to low-flow, water-conserving toilets and faucets.
- All electrical fixtures throughout the building have been replaced with LED low-voltage fixtures.
- All windows have been replaced with double-pane, solar-glazed windows, providing exceptional
heat/AC control and adding layers of quiet to the rooms.
The heating/AC system is one of the early environmentally preferred geothermal systems using
the original well beneath the Max.
The main level of the building features a commercial kitchen with all new equipment including a new
suppression hood, a Great Room dining room, a Bar/Lounge with a private dining room and patio, a
private lounge, another private dining room, and restaurant storage.
3 public bathrooms have been remodeled including the women’s bathroom and baby changing area on 1 st
level and a multi-gender handicapped bathroom.
The basement level of the building includes the men’s bathroom, water heater room with all-new water
heaters, water softener room with new water softener, liquor storage, maintenance room, and empty
storage.
The roof of the one-story section of the building has been wholly updated. The exterior stucco has been
painted, all new single entry doors and double entry doors on the Olive Street side of the building, plus
new exterior lighting and signage.
The restaurant hours and menus are found at www.foodatthemax.com.
Contact Agent
Jarod Clark, MBA, MSIS
- Phone: 303-912-0227
- Email: jarod@jarodclark.com
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