690 Grand Mesa DrCedaredge, CO 81413

Property Details for 690 Grand Mesa Dr

Year built

1949

Construction

FRAME

Lot size

0.40 AC

Property size (Sq ft)

2,020 SF

Property type

Commercial real estate

APN

319329200046

APU

319329200046

Description

This exceptional 2,020 square foot retail space in Cedaredge, CO, is situated on a 0.4-acre lot directly on the main thoroughfare, ensuring high visibility and easy access. The turnkey operation includes all trade fixtures, a spacious back room, large walk-in refrigerator, ample shelving, abundant cooler and wine rack space, and a drive-thru for customer convenience. Recent upgrades encompass a new cooler unit, cash registers, LED lighting, new mini-split A/C and heater systems, and an additional storage unit. The property also boasts a security system, ample parking, and an office/break room with kitchen facilities. Included in the sale is a liquor and tobacco license, offering a unique advantage. A potential additional income stream exists via a lease option for the existing food truck. This prime location offers the only spirits license in Cedaredge, creating a highly desirable and exclusive business opportunity.

• CAP approach

  CAP return

  Valuation

  6%

  $420,723

  6.5%

  $388,360

  7%

  $360,620

• Comparable approach

  Method

  Valuation

  Relative Method

  $411,081

  Geo Method

  $166,892

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $755,522

  Retail / Commercial

  $389,203

  Mixed-Use / Specialty

  $389,215

  Hospitality / Lodging

  $287,376

  Office

  $388,360

  Institutional / Educational

  $405,127

  Residential Income

  $473,998

  Multifamily

  $560,732

  Automotive / Energy

  $347,251

  Parking / Income-Based Land

  $118,450

  Restaurant / Food Service

  $205,420

  Healthcare / Senior Housing

  $397,698

Location Insight

City

Cedaredge

County

Delta

State

Colorado

Latitude

38.8935

Longitude

-107.928

Property Tax & Assessments

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?

Please email our support team at [email protected] and they will add the team member.

How do I access a private listing?

Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.

How can I contact the broker?

We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.

How do I unsubscribe from emails?

At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].