52 8Th StGuffey, CO 80820

Property Details for 52 8Th St

Year built

1981

Lot size

1.19 AC

Property size (Sq ft)

2,800 SF

Property type

Turn key restaurants

APN

R0015523

APU

R0015523

Description

This exceptional 1.19-acre property in Guffey, CO, presents a unique investment opportunity. The 3,000-square-foot building, previously a hardware store and bar/restaurant, offers flexible Rural Mixed-Use zoning. The existing infrastructure provides a solid foundation for various ventures, from retail to hospitality. A partially remodeled 1,650-square-foot, two-bedroom, 1.5-bathroom apartment is move-in ready and could serve as a residence, rental unit, or employee housing. Located in the heart of Guffey, this property benefits from its central location and access to outdoor recreation. The possibilities are endless, including reopening as a restaurant or bar, establishing a retail shop, developing short-term rentals, or exploring agricultural ventures. This property offers a blend of history, versatility, and modern amenities, making it an ideal canvas for your vision. The asking price is $590,000.

• CAP approach

  CAP return

  Valuation

  6%

  $775,805

  6.5%

  $716,128

  7%

  $664,976

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,528,308

  Geo Method

  $582,967

• Alternative Use

  Use

  Valuation

  Residential

  $604,081

  Hospitality

  $553,335

  Educational

  $460,368

  Medical

  $476,201

  Retail

  $716,128

Location Insight

City

Guffey

County

Park

State

Colorado

Latitude

38.7484

Longitude

-105.522

CBSA code

19740

CBSA name

DENVER-AURORA, CO METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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