1004 High StCollbran, CO 81624

Property Details for 1004 High St

Year built

1900

Lot size

0.29 AC

Property size (Sq ft)

2,439 SF

Property type

Mixed-use properties

Description

This exceptional mixed-use property in charming Collbran, CO, presents a unique investment opportunity. The 2,439 sq ft building boasts four units: one commercial space and three residential units, all currently leased, generating $2,250 monthly income. The commercial space, approximately 540 sq ft, is occupied by a thriving specialty grocery store on Main Street, with a lease expiring in five months, transitioning to month-to-month thereafter. The three residential units include a historic 600 sq ft limestone cabin, built in the 1890s, offering potential for a high-demand vacation rental. Two additional residential units, facing Main Street, are approximately 770 sq ft and 529 sq ft, each a one-bedroom with one unit featuring an additional half-bath. These units are well-maintained, with recent updates including a new hot water heater and new flooring in select areas, and present an opportunity for value enhancement through light cosmetic renovations between tenants. The property sits on a 0.29-acre lot and offers significant upside potential due to below-market rental rates. Showings are by appointment only, and access to rented residential units is limited to qualified buyers with proof of funds or pre-approval. All information is deemed reliable but not guaranteed and should be independently verified.

Location Insight

City

Collbran

County

Mesa

State

Colorado

Latitude

39.2386

Longitude

-107.961

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