$2,165,000

ATTENTION Multi Family INVESTORS - PRICE REDUCTION ALERT. Known for decades the iconic Rainbow Lodge, Cabins and RV Park is an older, smaller resort-type property with mountains views and located in the heart of South Fork, Colorado! Explore a Colorado business lifestyle through a multi family investment and continue the property as long term cabin rentals, commercial retail space rentals, nightly lodge rooms and seasonal RV space rentals. Recreation Hall could also rent for small events or retail rental. The 4-parcel property with approximately spacious 4.29 acres, consists of a lodge (built 1964-1968) with 10 single-level rooms (four on front, six on side), 4 apartments (a 3 bedroom/2-bath managers apartment, a 2-bedroom /2 bath apartment, a 2-bedroom/1-bath apartment, a one bedroom /1 bath apartment), lobby for the complex (could rent as retail), leased commercial retail space (approx. 1200 SF), an over-sized garage/workshop, guest and lodge laundry (with guest and commercial lodge washers and dryers), 17 cabins (built 1937-1967), 33 RV spaces with full hook-ups including electricity (15 -30 AMP, 18 50 AMP), internet, water and sewer. An additional newer well house with water treatment equipment is next to a recreation/event building containing an event room with kitchen and 2 restrooms. Other amenities include fish cleaning station, firepit & grill areas, fenced dog run area, paved entrance to lodge and cabins 14, 15, and 16, and gravel driveways to cabins and RV spaces. All furnishings and fixtures related to operation convey with sale. The cabins and rooms have been updated (miscellaneous repairs, flooring, inside & outside painting, bath & light fixtures, kitchen and bath counters, new metal roofs) since the owner purchased it in 2021. Lodge rooms, rec hall, lobby are conveyed furnished. Originally the property was a smaller resort-type property, and the current owner in 2025 converted to long term rentals to include the apartments and cabins. The 17 cabins consist of 5 duplex residential and 7 single units. Nightly rental remains with the 10 lodge rooms, perfect for skiers in winter! The 33 RV spaces are rented typically from May through September. Two wells provide water for the RV Park, cabins and lodge rooms. Sewage is released through South Fork Sanitation District system (no septic systems!). This amazing South Fork, Colorado property as currently designed is a unique investor (1031 Exchanges welcomed) or family business opportunity. The RV spaces, commercial leased space and nightly lodge rooms provide a revenue flow beyond the long-term residential rentals. Additionally, the 10 lodge rooms provide year-round revenue and are set up for internet check-in. The lobby could be converted into a retail space for additional income. A new owner could pursue long term housing rental scenario for the lodge rooms. RV Spaces and Recreation/Event Building could continue as seasonal revenue for out of state guests who have come to Rainbow RV Park for generations! The Recreation/Event Building could convert to owner home & also attract RVs who desire a special event, having their guests stay in the RV park. Standing income exists with long term rental housing (leases transfer), commercial rental (Wolf Creek Anglers lease transfers), short term lodge rooms & seasonal RV resort space rentals. As Wolf Creek Ski area develops and with approximately 470 feet frontage east to west along Highway 160 and State Highway 149 (as they merge in front/south of the property), this property is a prime development gem. This property also awaits a multi family relocation. LIVE. WORK. PLAY. Living on the property, running the business, and providing in-house services offers the perfect rural Colorado Work/Live scenario. If you are searching for a rural Colorado lifestyle- South Fork Colorado is for you!