Colorado Income Producing Property - Wedding and Event Venue and Short-Term Rental Property (AirBnB & VRBO)
Located in the charming town of Olathe, Colorado, this income-producing property boasts a stunning wedding and event venue, short-term rental, and the potential to become a horse property. The property sits on 12.28 acres of irrigated land, which is perfect for keeping horses, cattle, and other livestock. The primary home is a 2,424 sq/ft house with four bedrooms, two full bathrooms, and a half bath, built in 1950 with modern updates such as new carpet and paint. Additionally, there is a 1,448 sq/ft modular built in 2001 that can accommodate up to eight people.
12.28 Acres
2,424 sq/ft home built in 1950 with modern updates (Carpet, paint, etc.)
Main home has 4 bedrooms, 2 full bathrooms and a half bath
A 1,448 sq/ft 2001 modular that has been recently painted and had new carpet i...
A 1,448 sq/ft 2001 modular that has been recently painted and had new carpet installed - can sleep up to 8 people
40'x80' seasonal event venue 1910 "Red Barn"
24'x30' garage
17'x73', 3-sided open face barn for storage
72'x30' pole barn
12 shares of UVWUA irrigation water
Landscaped area around event barn
Landscaped around main home
The property's highlight is the 40'x80' seasonal event venue, also known as the historic 1910 "Red Barn," which has undergone recent structural improvements, including a new concrete floor, updated electrical, and ample space for guest seating. Outside the barn, there's a large WeatherPort white tent, perfect for outdoor events. The property also includes a 24'x30' garage, a 17'x73' 3-sided open-face barn for storage, and a 72'x30' pole barn. Additionally, there are 12 shares of UVWUA irrigation water available for use.
Colorado Wedding and Event Center with Historic Buildings
The wedding and event venue is immensely popular for both destination and local weddings, with many picturesque locations throughout the property perfect for photos. The barn's authentic feel and cool antiques are sure to please wedding parties and photographers alike. The property's historic aspect also adds to its charm, and the coffee bean business is an added bonus. The coffee beans, roasted in Colorado, are packaged with Lock Stock & Barrel's logo and sold to the community.
The property is located north of the San Juan Mountain range, offering spectacular views and only a 20-minute drive to Montrose, Colorado. Olathe is an agricultural town known for its sweet corn and the production of a wide variety of crops, including beef cattle, pinto beans, onions, and vegetables such as squash, tomatoes, and garden veggies. The town's most famous crop is Olathe Sweet Corn, which is shipped all over the country. The Olathe Sweet Corn festival, which has been held in town since 1992, is a testament to the community's roots in farming.
Olathe's elevation of 5,364 feet ensures mild weather early in the spring and late in the fall, providing ample time for recreational opportunities. Montrose, just 11 miles away, offers a regional airport with international connections, shopping, restaurants, a hospital, VA clinic, and major suppliers. The property is a few miles away from thousands of acres of BLM lands, providing opportunities for hiking, horseback riding, mountain biking, and ATV trails. Hunting on the nearby Uncompahgre Plateau is excellent for mule deer and elk. Some properties also offer outstanding waterfowl hunting for ducks and geese, and the nearby Gunnison and Uncompahgre rivers offer world-class fly-fishing
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