1250 Grand AveNorwood, CO 81423

Property Details for 1250 Grand Ave

Year built

1956

Lot size

0.73 AC

Property size (Sq ft)

2,578 SF

Zone code

C1

Property type

Turn key restaurants

APN

2010091380

APU

2010091380

Description

This exceptional 2,592 square foot multi-family property, situated on a 0.74-acre lot at 1250 Grand Avenue in Norwood, Colorado, presents a unique investment opportunity. The building currently features four bedrooms, one full bathroom, and two half bathrooms, offering significant versatility. Its adaptable layout lends itself to a variety of commercial uses, including professional offices, retail spaces (such as a tool rental store, liquor store, bank, convenience store, or restaurant), or even a combination live/work arrangement. The property boasts ample parking, with space for six or seven semi-trucks, and a significant advantage: a one-inch water tap. Additional features include a large walk-in cooler, ideal for various storage needs (meat, medical supplies, etc.). The building's exterior has been recently updated with new paint and a new metal roof. Its convenient location offers walkability to both the local school and bank. The sellers are highly motivated and are considering all offers, including potential owner financing with a 50% down payment. This property presents a compelling opportunity for a family business, or an investor seeking a high-return property in a desirable location. Don't miss this chance to acquire a versatile and well-located commercial property with significant upside potential.

• CAP approach

  CAP return

  Valuation

  6%

  $696,446

  6.5%

  $642,874

  7%

  $596,954

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,322,086

  Geo Method

  $536,746

• Alternative Use

  Use

  Valuation

  Residential

  $542,288

  Hospitality

  $496,733

  Educational

  $413,276

  Medical

  $427,489

  Retail

  $642,874

Location Insight

City

Norwood

County

San Miguel

State

Colorado

Latitude

38.1305

Longitude

-108.295

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].