205 Main StNaturita, CO 81422

Property Details for 205 Main St

Year built

1935

Construction

WOOD

Lot size

0.06 AC

Property size (Sq ft)

1,546 SF

Property type

Retail space

APN

4269-302-07-016

APU

426930207016

Description

This exceptional mixed-use property, located at 205 E Main in Naturita, Colorado, presents a unique investment opportunity. Boasting 1,545 square feet on a 0.05-acre lot, this building enjoys significant visibility due to its prime location on a Scenic Byway. The property's versatility allows for a wide range of commercial uses, making it an ideal choice for entrepreneurs and investors alike. A key feature is the inclusion of a large walk-in cooler, offering substantial potential for businesses requiring cold storage, such as a restaurant, deli, or even a small-scale distribution center. The building's existing infrastructure provides a solid foundation for immediate occupancy or renovation to suit specific business needs. The asking price of $80,000 represents a compelling value proposition in a desirable location with high traffic volume. This property is ready for its next chapter, offering a blend of established features and untapped potential. Its strategic location and versatile design make it an attractive investment for those seeking a profitable venture in a vibrant community. The Scenic Byway exposure ensures high visibility and accessibility, attracting a steady stream of potential customers. Don't miss this chance to acquire a well-situated commercial property with significant upside.

• CAP approach

  CAP return

  Valuation

  6%

  $417,652

  6.5%

  $385,525

  7%

  $357,987

• Comparable approach

  Method

  Valuation

  Relative Method

  $792,842

  Geo Method

  $321,881

• Alternative Use

  Use

  Valuation

  Residential

  $325,204

  Hospitality

  $297,886

  Educational

  $247,837

  Medical

  $256,361

  Retail

  $385,525

Location Insight

City

Naturita

County

Montrose

State

Colorado

Latitude

38.2162

Longitude

-108.565

CBSA code

33940

CBSA name

MONTROSE, CO MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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