107 Main StCreede, CO 81130

Property Details for 107 Main St

Year built

1906

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

0.03 AC

Property size (Sq ft)

1,712 SF

Property type

Retail properties

Property subtype

Retail space

APN

476325422008

APU

476325422008

Description

This exceptional 945-square-foot retail property, located at 107 N MAIN Street in the heart of Creede, Colorado, presents a unique investment opportunity. Situated on a 0.03-acre lot, this building boasts a rich history, having previously served as Creede's post office. Recently updated within the last two years, the property features brand new electrical and plumbing systems, a completely new roof, and a fresh exterior paint job. These modern upgrades seamlessly blend with the building's historic charm, creating a versatile space ready for its next chapter. Currently occupied by The Blue Yak, the property's adaptable layout offers potential for a variety of uses, including retail, restaurant, or office space. Its prime Main Street location ensures high visibility and significant foot traffic, making it an ideal choice for entrepreneurs seeking to establish a presence in Creede's thriving downtown area. The property's location within the vibrant community offers excellent potential for growth and success. Don't miss this chance to own a piece of Creede's legacy and build your future in this captivating mountain town. The asking price is $595,000.

• CAP approach

  CAP return

  Valuation

  6%

  $473,466

  6.5%

  $437,046

  7%

  $405,828

• Comparable approach

  Method

  Valuation

  Relative Method

  $956,273

  Geo Method

  $356,442

• Alternative Use

  Use

  Valuation

  Residential

  $368,664

  Hospitality

  $337,695

  Educational

  $280,958

  Medical

  $290,620

  Retail

  $437,046

Location Insight

City

Creede

County

Mineral

State

Colorado

Latitude

37.8531

Longitude

-106.927

Property Tax & Assessments

FAQs

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