For Sale
$1,090,000

493 Main StCreede, CO 81130

Charming Victorian, 5 Units, High Rental Income

Overview

Added:
Dec 11, 2024
Days on market:
116
This exceptional mixed-use property, located at 493 S Main St in Creede, Colorado, presents a unique investment opportunity. The 3,011 square foot building, constructed in 2002, sits on a 5,000 square foot lot and boasts five units, offering a blend of residential and commercial potential. The permitted zoning allows for both commercial and residential use, making it ideal for a variety of ventures. Currently configured as four professionally decorated apartments (all furnishings included), this property offers immediate rental income potential. The apartments are thoughtfully designed, with varying layouts and amenities. Mayfly Manor features three bedrooms and two and three-quarter bathrooms, a full kitchen, and a sitting area. Stonefly Flat offers one bedroom, a three-quarter bath, a kitchenette, and laundry facilities. Upstairs, Caddis Cove includes two bedrooms, one bathroom, a full kitchen, and a living room. Finally, Hopper Hideaway boasts one bedroom, one bathroom (with a jacuzzi tub and separate shower), a full kitchen, a living room, and its own laundry area. The building's prime downtown location, across from Kip's Grill, places it within walking distance of restaurants, shops, art galleries, and the Creede Repertory Theatre. The large covered front porch provides an ideal spot to enjoy Creede's vibrant events, such as the Fourth of July parade. The asking price is $1,090,000, translating to $362.01 per square foot. This two-story building represents a rare opportunity to acquire a thriving, established business in a desirable Colorado mountain town.

Highlights

  • Exceptional mixed-use property in Creede, CO, offering immediate rental income.
  • 3,011 sq ft building on a 5,000 sq ft lot, constructed in 2002.
  • Five units: four furnished apartments and one commercial space (potential).
  • Prime downtown location across from Kip's Grill, near amenities.
  • Asking price: $1,090,000 ($362.01/sq ft).

Property Details for 493 Main St

Property type
Mixed-use properties, Retail space
Square Feet
3,011 SF
Year Built
2002
Stories
2
Units
5

Location Insight

City
Creede
County
Mineral
State
Colorado
Latitude
37.8496349
Longitude
-106.9263765
493 Main St, Creede, Colorado

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493 Main St
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