100 4Th StWalsenburg, CO 81089

Property Details for 100 4Th St

Year built

1912

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

0.42 AC

Property size (Sq ft)

8,396 SF

Property type

Office properties

APN

27551

APU

27551

Description

This exceptional 8,396 square foot commercial building presents a remarkable investment opportunity in the heart of Walsenburg, Colorado. Situated on a 0.22-acre lot at the corner of Main Street and 4th Street, this property boasts unparalleled visibility and accessibility, benefiting from high traffic flow and significant tourist exposure. The building's versatile layout allows for easy division into three separate suites, maximizing rental income potential or accommodating diverse business needs. A significant advantage is the inclusion of a paved parking lot, a valuable amenity often lacking in Walsenburg's commercial landscape. This turnkey property is ready for immediate occupancy and offers significant upside for a variety of uses. The asking price is $259,000, and owner financing options are available, making this an attractive proposition for both investors and business owners. The building's prime location and substantial square footage make it an ideal choice for a wide range of commercial ventures, promising strong returns on investment. Don't miss this chance to acquire a highly visible and functional commercial space in a growing Colorado community.

• CAP approach

  CAP return

  Valuation

  6%

  $1,836,492

  6.5%

  $1,695,224

  7%

  $1,574,136

• Comparable approach

  Method

  Valuation

  Relative Method

  $693,678

  Geo Method

  $693,678

• Alternative Use

  Use

  Valuation

  Residential

  $2,102,078

  Hospitality

  $1,925,492

  Educational

  $1,601,986

  Medical

  $1,657,081

  Retail

  $2,491,979

Location Insight

City

Walsenburg

County

Huerfano

State

Colorado

Latitude

37.6257

Longitude

-104.782

Property Tax & Assessments

FAQs

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