505 Sheridan Blvd, Lakewood, CO 80226

Property Details

Overview

505 Sheridan Boulevard presents an opportunity to acquire an operating 25-room motel situated on approximately 0.82 acres along one of Lakewood’s most heavily traveled commercial corridors.

The property is currently generating approximately $25,000 per month in gross revenue under recently transitioned management. According to ownership, the motel has historically generated approximately $45,000 per month, and ownership believes a stabilized operator could reasonably target approximately $35,000 to $40,000 per month through improved management, marketing, revenue optimization and room presentation.

Ownership reports current operating expenses of approximately $10,500 per month, excluding property taxes and certain variable or ownership-level expenses. A significant portion of the property’s expense base is relatively fixed, providing the potential for improved operating margins as occupancy and revenue increase.

In addition to its hospitality value, the property occupies a highly visible 0.82-acre infill site near the Sheridan Boulevard and West 6th Avenue interchange. This creates longer-term optionality for adaptive reuse or redevelopment, subject to zoning, site-plan feasibility and municipal approvals.

The opportunity is well suited for an experienced motel operator, value-add hospitality investor, affordable or extended-stay housing group, or developer seeking current income while evaluating the site’s longer-term potential.

Potential Redevelopment

• Multifamily or Workforce Housing
• Mixed-Use Residential
• Restaurant, Coffee or Neighborhood Retail
• Drive through development, QSR
• Gas Station
• EV Charging
• Medical or Professional Office
• Hotel or Extended Stay Hospitality

Highlights

Location Map