406 6Th StGeorgetown, CO 80444

Property Details for 406 6Th St

Year built

1978

Construction

BRICK

Lot size

0.32 AC

Property size (Sq ft)

3,373 SF

Property type

Retail space

APN

1959-172-17-202

APU

195917217202

Description

This exceptional mixed-use property, located at 406 6th Street in Georgetown, Colorado's historic commercial district, presents a lucrative investment opportunity. The 6,746 square foot building sits on a 0.32-acre lot and boasts four income-generating apartment units and two retail spaces. The apartment units are currently occupied, offering immediate cash flow. The unit breakdown includes one 1-bedroom, one 2-bedroom, and one 3-bedroom apartment. Some renovations have already been completed. The retail spaces have previously housed a diverse range of businesses, including an art gallery, a restaurant, and even the Georgetown Christmas market, showcasing their versatility and adaptability to various commercial uses. The property's location within the highly trafficked historic district ensures high visibility and foot traffic. Potential buyers are encouraged to review the zoning code and supplemental documents for detailed information on permitted uses. Please note that tenant occupancy requires advance notice for showings. Showings of the retail spaces may be arranged during business hours at #410 (pet shop) and #406 (includes units A & B). A complete viewing will be conducted upon acceptance of a contract and scheduling of inspections. The asking price for this remarkable property is $1,325,000.

• CAP approach

  CAP return

  Valuation

  6%

  $704,050

  6.5%

  $649,893

  7%

  $603,472

• Comparable approach

  Method

  Valuation

  Relative Method

  $713,881

  Geo Method

  $289,824

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $1,261,570

  Mixed-Use / Specialty

  $649,912

  Hospitality / Lodging

  $479,861

  Office

  $648,484

  Institutional / Educational

  $676,481

  Residential Income

  $791,483

  Multifamily

  $936,311

  Automotive / Energy

  $579,841

  Parking / Income-Based Land

  $197,788

  Restaurant / Food Service

  $343,010

  Healthcare / Senior Housing

  $664,077

Location Insight

City

Georgetown

County

Clear Creek

State

Colorado

Latitude

39.7062

Longitude

-105.696

CBSA code

19740

CBSA name

DENVER-AURORA, CO METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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