721 Main StDelta, CO 81416

Property Details for 721 Main St

Year built

1976

Construction

FRAME

Lot size

0.21 AC

Property size (Sq ft)

6,000 SF

Property type

Office properties

Property subtype

Office buildings

APN

345724121008

APU

345724121008

Description

This exceptional 6,000 square foot mixed-use commercial building presents a compelling investment opportunity in the heart of downtown Delta, Colorado. Constructed in 1976 and boasting a desirable Southwestern architectural style, the property sits on a 0.31-acre lot and is zoned B-2. Currently fully occupied with a diverse tenant mix including salons and professional offices, the building offers 3,000 square feet on each of its two levels, divided into four units per floor. While many individual units have undergone recent updates, the common areas offer a significant value-add opportunity for renovation, a factor reflected in the attractive asking price of $399,000. It's important to note that the building is not currently ADA compliant, lacking an elevator and featuring only stair access between floors. This presents a potential for future improvements to enhance accessibility and broaden the tenant pool. The property's prime downtown location ensures high visibility and convenient access for businesses seeking a strong presence in Delta's vibrant commercial district. Furthermore, its location within an Opportunity Zone adds another layer of investment appeal. This is a rare chance to acquire a substantial, well-located commercial property with significant upside potential.

• CAP approach

  CAP return

  Valuation

  6%

  $1,102,653

  6.5%

  $1,017,833

  7%

  $945,131

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,221,034

  Geo Method

  $495,720

• Alternative Use

  Use

  Valuation

  Residential

  $1,262,113

  Hospitality

  $1,156,089

  Educational

  $961,852

  Medical

  $994,932

  Retail

  $1,496,215

Location Insight

City

Delta

County

Delta

State

Colorado

Latitude

38.7369

Longitude

-108.071

Property Tax & Assessments

FAQs

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