Now for sale: 2518 West Colorado Avenue. $975,000 ($216.67 per square foot)
This is a 4,500 square feet retail building in the heart of Old Colorado City (zoned C6) with a very cool loft on the 2nd floor and a Tuscan style courtyard access from the rear parking area (with spaces for 3 – 4 cars).
The retail store front is 2,250 square feet and is divisible into 2 retail shops. The store front is occupied by Who Gives a Scrap, a very successful non-profit catering to folks who normally shop at Hobby Lobby.
The loft is 2,250 square feet. It’s a 2 bedroom/2 bath apartment with a very large open-floor-plan with a kitchen, living room (with a fireplace) laundry, etc. The loft has been used as VRBO and with nominal effort by the Seller, the VRBO has generated around $36,000 in annual rent.
There is a 1,284 square-foot basement used for storage.
Annual taxes are: $6,877. Annual property insurance is: $2,500. Annual utilities are: $3,034. The retail store pays 1?2 the utilities.
For a private showing and all the confidential financial details, call Holly Trinidad (719-337-0999) or Tim Leigh (719-337-9551).