1002 Rainbow BlvdSalida, CO 81201

Property Details for 1002 Rainbow Blvd

Year built

1987

Lot size

0.16 AC

Property size (Sq ft)

900 SF

Property type

Office properties

Property subtype

Office buildings

APN

R380705426160

APU

R380705426160

Description

This exceptional 900-square-foot commercial office building presents a unique investment opportunity in Salida, Colorado. Situated on a highly visible 0.16-acre corner lot at the intersection of Highway 50 and Blake Street, this property boasts excellent highway frontage, ensuring maximum exposure for your business. Previously utilized as a car sales lot, its adaptable layout offers diverse possibilities for a variety of commercial ventures. The building features convenient access from both sides of the parking lot, enhancing customer and employee accessibility. The main level comprises a spacious reception area or lobby (20' x 13'), generously appointed with large windows overlooking the expansive lot. Two private offices provide ample space for individual work or meetings. A full restroom and kitchen add to the building's functionality and convenience. A sizable basement offers substantial storage capacity, ideal for inventory or archives. This property's prime location, combined with its versatile interior and ample parking, makes it an ideal choice for entrepreneurs seeking a high-visibility commercial space in the thriving Salida market. The property is ready for immediate occupancy and presents a compelling opportunity for a discerning buyer.

• CAP approach

  CAP return

  Valuation

  6%

  $169,321

  6.5%

  $156,296

  7%

  $145,132

• Comparable approach

  Method

  Valuation

  Relative Method

  $199,490

  Geo Method

  $74,358

• Alternative Use

  Use

  Valuation

  Residential

  $193,807

  Hospitality

  $177,526

  Educational

  $147,700

  Medical

  $152,779

  Retail

  $229,755

Location Insight

City

Salida

County

Chaffee

State

Colorado

Latitude

38.5244

Longitude

-105.991

Property Tax & Assessments

FAQs

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