413 New York AveGunnison, CO 81230

Property Details for 413 New York Ave

Year built

1966

Lot size

0.18 AC

Property size (Sq ft)

2,125 SF

Property type

Retail space

APN

378702177001

APU

378702177001

Description

This 2,125-square-foot mixed-use property at 413 W New York Avenue in Gunnison, Colorado, presents a compelling investment opportunity. Situated on a 0.18-acre lot just off Highway 50, this location offers excellent visibility and accessibility, close to amenities including a grocery store, airport, and restaurants. The property features approximately 1,500 square feet of open retail space with storefront access, abundant natural light, and a half bathroom. Its adaptable layout suits various businesses, from retail and salons to workshops or even light industrial uses. An attached 625-square-foot garage with an overhead bay and high ceilings provides additional space for storage, operations, or a workshop. Five dedicated parking spaces, plus street parking and alley access, ensure convenient parking. This property offers a unique blend of retail space and functional garage space, making it an ideal location for a variety of business ventures. The asking price is $489,500.

• CAP approach

  CAP return

  Valuation

  6%

  $574,068

  6.5%

  $529,909

  7%

  $492,059

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,089,772

  Geo Method

  $442,430

• Alternative Use

  Use

  Valuation

  Residential

  $446,998

  Hospitality

  $409,448

  Educational

  $340,656

  Medical

  $352,372

  Retail

  $529,909

Location Insight

City

Gunnison

County

Gunnison

State

Colorado

Latitude

38.543

Longitude

-106.932

Property Tax & Assessments

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