140 8Th StSilt, CO 81652

  • Industrial properties
  • 0.32 AC
For Sale
$599,000 View listing

Property Details for 140 8Th St

Year built
1946
Construction
METAL FRAME
Lot size
0.32 AC
Property type
Industrial properties
Property subtype
Manufacturing properties
APN
217910217004
APU
217910217004

Description

This exceptional 2,892 square foot commercial building located at 140 8th Street in Silt, Colorado presents a unique investment opportunity. Situated on a 0.32-acre lot conveniently near the main roundabout, this single-story block structure offers significant versatility. For many years, it has successfully operated as a locker plant, featuring a small office area, a half-bath, a dedicated meat cutting room, and several large coolers. A key income stream is generated from the rental of freezer lockers. The current business operation is not included in the sale. However, the seller is open to the possibility of a lease-back arrangement with the existing locker plant business post-sale. The building's robust construction and adaptable layout make it suitable for a variety of commercial uses. Buyers can envision repurposing the space to meet their specific needs, whether continuing its current function or transforming it into a completely new venture. The prime location and ample space offer considerable potential for growth and profitability. This is a rare chance to acquire a well-established commercial property in a thriving Colorado community. The property is priced at $599,000.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • Alternative Use

    Use
    Valuation
    Residential
    $2,900,546
    Hospitality
    $2,656,885
    Educational
    $2,210,497
    Medical
    $2,286,520
    Retail
    $3,438,551
140 8Th St, Silt, Colorado

Location Insight

City
Silt
County
Garfield
State
Colorado
Latitude
39.5463
Longitude
-107.654
CBSA code
24060
CBSA name
GLENWOOD SPRINGS, 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
$5,059
$48,860
$22,910
$71,770
-
$175,120
$82,130
$257,250

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