For Sale
$695,000

625 Platte Ave Fort Morgan, CO 80701

Fully leased, high-traffic retail investment.

Property Records

Overview

Added:
Dec 11, 2024
Days on market:
139
This exceptional investment opportunity presents a fully leased, 4,400 square foot mixed-use building situated on a 0.29-acre lot at 625 W Platte Ave in Fort Morgan, Colorado. The property boasts three (3) units currently occupied by Skin By Margo, DD Nail Spa, and Salon MVP, under gross leases with lease expirations spanning 2025, 2026, and 2028, ensuring consistent cash flow. The building, constructed in 1981, is a single-story structure with B-1 (Mixed Use Business) zoning. Located near the intersection of W Platte Ave and West St, this high-visibility location benefits from approximately 7,800 vehicles passing daily, providing excellent exposure for the tenants. The asking price is $695,000, translating to $157.95 per square foot. This prime retail investment offers a strong return in a thriving Fort Morgan community, characterized by its welcoming atmosphere and diverse economy. The property's 100% occupancy rate and long-term lease agreements make it an attractive option for investors seeking stable income and potential appreciation. This is a rare opportunity to acquire a well-established, multi-tenant retail property in a desirable location.

Highlights

  • $695,000 asking price for a fully leased mixed-use property.
  • Three (3) units totaling 4,400 square feet, currently 100% occupied by three (3) tenants: Skin By Margo, DD Nail Spa, and Salon MVP.
  • Located at 625 W Platte Ave, Fort Morgan, CO 80701, a high-traffic area with approximately 7,800 vehicles per day.
  • Gross lease structure with lease expirations spanning 2025, 2026, and 2028.
  • 0.29-acre lot with B-1 (Mixed Use Business) zoning.

Property Details for 625 Platte Ave

Property type
Retail properties, Office properties
Square Feet
4,400 SF
Year Built
1981
Buildings
1
Stories
1
Lot Size (sq. ft)
12,632 SF
Units
3

Location Insight

City
Fort Morgan
County
Morgan
State
Colorado
Latitude
40.254065137638
Longitude
-103.8102668301

FAQs

What type of property is this?
Retail property - Fully leased, high-traffic retail investment.
Where is the retail property located?
The property is located at 625 Platte Ave Fort Morgan, CO.
What is the asking price?
The asking price for this property is $695,000.
What are key features of this property?
This property features: $695,000 asking price for a fully leased mixed-use property.; Three (3) units totaling 4,400 square feet, currently 100% occupied by three (3) tenants: Skin By Margo, DD Nail Spa, and Salon MVP.; Located at 625 W Platte Ave, Fort Morgan, CO 80701, a high-traffic area with approximately 7,800 vehicles per day.
How can I contact the broker?
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625 Platte Ave
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