210 Rainbow BlvdSalida, CO 81201

Property Details for 210 Rainbow Blvd

Year built

1963

Lot size

0.19 AC

Property size (Sq ft)

3,067 SF

Property type

Strip malls

Property subtype

Neighborhood centers

APN

R380705331162

APU

R380705331162

Description

This exceptional commercial investment opportunity is located at 210 W Rainbow Boulevard, Salida, CO, a high-visibility corner lot on Highway 50 and G Street. The property boasts 3,067 square feet situated on a 0.19-acre lot and is zoned C-1. The building comprises four separate rental units, each designed for versatility and functionality, currently occupied by long-term tenants, providing a stable and consistent income stream. The flexible layout of each unit makes them suitable for a variety of businesses, including retail, office, or service-oriented ventures. The high-traffic location on Highway 50 ensures maximum exposure for tenants, maximizing their potential for success. Ample parking is available, enhancing accessibility and convenience for both tenants and their customers. This property presents a compelling investment opportunity with the potential for excellent returns due to its prime location, strong tenant occupancy, and adaptable unit configurations. The asking price is $949,000.

• CAP approach

  CAP return

  Valuation

  6%

  $848,201

  6.5%

  $782,955

  7%

  $727,030

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,713,136

  Geo Method

  $638,557

• Alternative Use

  Use

  Valuation

  Residential

  $660,452

  Hospitality

  $604,970

  Educational

  $503,328

  Medical

  $520,638

  Retail

  $782,955

Location Insight

City

Salida

County

Chaffee

State

Colorado

Latitude

38.5244

Longitude

-106.006

Property Tax & Assessments

FAQs

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