341 Commercial StTrinidad, CO 81082

Property Details for 341 Commercial St

Year built

1884

Lot size

0.06 AC

Property size (Sq ft)

5,300 SF

Property type

Commercial real estate

APN

139 01 000

APU

13901000

Description

This exceptional investment opportunity presents a unique blend of commercial and residential properties located at 341 N Commercial St, Trinidad, CO 81082. The property, encompassing 5,300 square feet on a 2,400 square foot lot, consists of a historic building constructed in 1884 and renovated in 1916. Currently operating as a restaurant, bar, and apartment/Airbnb units, this mixed-use property offers established businesses within a thriving Southern Colorado entertainment and business district. The building features two stories and is situated in a Commercial Mixed Use zoned area. The asking price is $1,200,000, representing a price per square foot of $226.42 and a compelling 12% cap rate. This owner/user investment opportunity is ideal for those seeking a turnkey operation in a desirable location. The property's rich history and current profitability make it a rare find in the vibrant Southern Colorado market. The Las Animas County location provides easy access to the area's attractions and amenities. This is a chance to acquire a well-established business with significant upside potential in a rapidly growing region. The property's unique character and established businesses make it a truly exceptional investment opportunity. The APN is 13901000.

• CAP approach

  CAP return

  Valuation

  6%

  $1,313,860

  6.5%

  $1,212,800

  7%

  $1,126,170

• Comparable approach

  Method

  Valuation

  Relative Method

  $437,886

  Geo Method

  $437,886

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $2,429,260

  Retail / Commercial

  $1,237,580

  Mixed-Use / Specialty

  $1,226,760

  Hospitality / Lodging

  $891,692

  Office

  $1,212,800

  Institutional / Educational

  $1,273,040

  Residential Income

  $1,489,460

  Multifamily

  $1,821,900

  Automotive / Energy

  $1,091,180

  Parking / Income-Based Land

  $382,884

  Restaurant / Food Service

  $624,372

  Healthcare / Senior Housing

  $1,264,590

Location Insight

City

Trinidad

County

Las Animas

State

Colorado

Latitude

37.1707

Longitude

-104.507

Property Tax & Assessments

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