120 Main StNaturita, CO 81424

  • Retail space
  • 2,802 SF
For Sale
$595,000 View listing

Property Details for 120 Main St

Year built
1959
Construction
WOOD
Property size (Sq ft)
2,802 SF
Property type
Retail space
APN
4269-302-06-018
APU
426930206018

Description

This exceptional mixed-use property, located at 120 E MAIN Street in Naturita, Colorado, presents a unique investment opportunity. Spanning 2,802 square feet on a 0.7-acre lot, the building boasts a rich history as a restaurant, retaining much of its original commercial kitchen equipment, including a functional grill and hood vent system. This makes it ideally suited for a restaurant or similar food service establishment. Currently, a highly profitable equipment rental business operates within the building. This established business is available for sale separately or as part of a comprehensive acquisition. The building's versatile layout and existing infrastructure offer significant potential for a variety of commercial uses, making it an attractive prospect for both established businesses and entrepreneurs seeking a turnkey operation. The property's prime location in Naturita, Colorado, ensures high visibility and accessibility. The asking price for the building is $595,000. This represents a compelling investment opportunity in a thriving Colorado community. Serious inquiries are encouraged to explore the full potential of this remarkable property and the accompanying business opportunity. The sale includes the building only, unless otherwise negotiated.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $584,865
    6.5%
    $539,875
    7%
    $501,313
  • Comparable approach

    Method
    Valuation
    Relative Method
    $593,032
    Geo Method
    $240,761
  • Alternative Use

    Use
    Valuation
    Industrial / Distribution
    $1,048,010
    Mixed-Use / Specialty
    $539,891
    Hospitality / Lodging
    $398,628
    Office
    $538,705
    Institutional / Educational
    $561,963
    Residential Income
    $657,497
    Multifamily
    $777,807
    Automotive / Energy
    $481,682
    Parking / Income-Based Land
    $164,305
    Restaurant / Food Service
    $284,943
    Healthcare / Senior Housing
    $551,658

Location Insight

City
Naturita
County
Montrose
State
Colorado
Latitude
38.217
Longitude
-108.567
CBSA code
33940
CBSA name
MONTROSE, CO MICROPOLITAN STATISTICAL AREA

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
$4,247
$15,120
$47,370
$62,490
-
$52,130
$163,340
$215,470

FAQs

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