531 Main StSterling, CO 80751

Property Details for 531 Main St

Year built

1958

Construction

STEEL FRAME

Lot size

0.34 AC

Property size (Sq ft)

3,080 SF

Property type

Retail properties

Property subtype

Other automotive properties

APN

38052532204013

APU

38052532204013

Description

This exceptional retail property at 531 W Main Street, Sterling, Colorado presents a unique investment opportunity. Boasting a highly desirable location at the intersection of Colorado State Highway 14 (West Main Street) and in close proximity to Interstate I-25, this property enjoys unparalleled visibility and accessibility. The building offers 3,080 square feet of versatile space, perfectly suited for a variety of retail uses. The substantial lot size of 15,002 square feet provides ample room for expansion or additional parking. The property features two levels of office space, ideal for administrative functions or operational needs, adding to its functionality and appeal. A well-equipped shop area includes a large two-door garage, enhancing its practicality and utility. Furthermore, a convenient canopy parking area offers protection from the elements, a valuable asset in Colorado's diverse climate. Sterling itself is a thriving community in northeastern Colorado, known for its business-friendly environment and strong local economy, making this a prime investment opportunity in a dynamic and growing market. The property's strategic location and versatile design make it an attractive proposition for discerning investors seeking a high-return asset in a vibrant Colorado town.

• CAP approach

  CAP return

  Valuation

  6%

  $849,812

  6.5%

  $784,442

  7%

  $728,410

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,522,582

  Geo Method

  $641,263

• Alternative Use

  Use

  Valuation

  Residential

  $661,706

  Hospitality

  $606,119

  Educational

  $504,284

  Medical

  $521,627

  Retail

  $784,442

Location Insight

City

Sterling

County

Logan

State

Colorado

Latitude

40.625

Longitude

-103.22

CBSA code

44540

CBSA name

STERLING, CO MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?

Please email our support team at [email protected] and they will add the team member.

How do I access a private listing?

Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.

How can I contact the broker?

We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.

How do I unsubscribe from emails?

At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].