123 Grand AveMancos, CO 81328

  • Commercial real estate
  • 2,088 SF
For Sale
$625,000 View listing

Property Details for 123 Grand Ave

Year built
1910
Lot size
0.11 AC
Property size (Sq ft)
2,088 SF
Zone code
DMU
Property type
Commercial real estate
APN
560528314004
APU
560528314004

Description

This exceptional commercial property presents a rare investment opportunity in the heart of Mancos, Colorado. Located at 123 W GRAND Avenue, this 2,088 square foot building sits on a 0.11-acre lot and is priced at $625,000. The property boasts a prime location within Mancos' thriving business district, benefiting from high visibility and foot traffic. Currently housing The Columbine Bar and Grill (business not included in sale), this longtime local landmark offers a well-established presence. The interior features a spacious and well-lit dining area, complemented by a mahogany bar and attractive tongue-and-groove aspen paneling. A private fenced patio provides additional outdoor space. Undergoing extensive renovations between 2020 and 2021, the building received significant upgrades. These improvements included a complete roof replacement, new ceiling, electrical system overhaul, updated water lines, and a modern heating and cooling system. The kitchen and prep areas were also extensively enhanced, featuring a new walk-in cooler and state-of-the-art appliances. The building's exterior was also refreshed with new double-pane windows, all while carefully preserving the historical integrity of this 1910 structure. This property offers a unique blend of historical charm and modern functionality, making it an ideal investment for discerning buyers seeking a well-located, high-quality commercial space in a growing Colorado town.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • Alternative Use

    Use
    Valuation
    Residential
    $443,942
    Hospitality
    $406,649
    Educational
    $338,327
    Medical
    $349,963
    Retail
    $526,287

Location Insight

City
Mancos
County
Montezuma
State
Colorado
Latitude
37.3448
Longitude
-108.29

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$4,386
$25,012
$41,403
$66,415
-
$86,249
$142,770
$229,019

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