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102 Main Street

Creede, CO 81130
  • $692,000
  • STATUS: Active
  • ON SITE: 34 Days
  • ID#: 2578932
UPDATED: 125 min ago
$692,000
  • 0
    BEDS
  • 0.5
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 2,500
    SQFT
  • $277
    $/SQFT
Type:
Commercial
Built:
1900
County:
Area:

School Ratings & Info

Offered by Steffens And Company Realty Inc..

Description

This 2500 sq. ft. building is located at 102 North Main St., in the thick of tourist traffic, in historic Creede, Colorado. The building is divided into two separate and operating retail spaces, but a common interior door could make this a large operating space. 1. Elk Country Boutique on the corner of the building is a T-shirt Shop. 2. Creede Olive Oil Shop. Both businesses draw visitors as they walk the town shopping for unique gifts. Utilities include electric, pellet stove, Creede water & sewage, and phone. Each business has its own electrical meter and is paid for by that tenant. RECAP RATE: 1. Elk Country Boutique T-shirt Shop has an extremely high recap rate but will need to be kept as a T-shirt shop to obtain maximum income on the building. 2. Creede Olive Oil shop rents for $1300 per month year-round. The estimated total recap rate based on the above description is 15% to 20% annual return on investment. This historic building is located on Main Street in Creede, Colorado, and is a thriving business. Creede is a major vacation destination and sportsmen's dream paradise. Creede has all the small-town conveniences with high Rocky Mountain Views in all directions. The History of Creede as an old silver mining town is captivating and riveting. Creede Repertory Theater is a big attraction all summer and thousands of people attend live plays. From rock and mineral hounds to Elk/Deer hunters, fishermen, and sightseers, Creede is an enthralling place.

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Licensed in the State of Colorado, USA

The content relating to real estate for sale in this Web site comes in part from the Internet Data eXchange (IDX) program of METROLIST, INC., DBA RECOLORADO®. Real estate listings held by brokers other than Berkshire Hathaway HomeServices Innovative Real Estate are marked with the IDX Logo. This information is being provided for the consumers’ personal, non-commercial use and may not be used for any other purpose. All information subject to change and should be independently verified.

1. This publication is designed to provide information regarding the subject matter covered. It is displayed with the understanding that the publisher and authors are not engaged in rendering real estate, legal, accounting, tax, or other professional services and that the publisher and authors are not offering such advice in this publication. If real estate, legal, or other expert assistance is required, the services of a competent, professional person should be sought.

2. The information contained in this publication is subject to change without notice. METROLIST, INC., DBA RECOLORADO MAKES NO WARRANTY OF ANY KIND WITH REGARD TO THIS MATERIAL, INCLUDING, BUT NOT LIMITED TO, THE IMPLIED WARRANTIES OF MERCHANTABILITY AND FITNESS FOR A PARTICULAR PURPOSE. METROLIST, INC., DBA RECOLORADO SHALL NOT BE LIABLE FOR ERRORS CONTAINED HEREIN OR FOR ANY DAMAGES IN CONNECTION WITH THE FURNISHING, PERFORMANCE, OR USE OF THIS MATERIAL.

3. PUBLISHER’S NOTICE: All real estate advertised herein is subject to the Federal Fair Housing Act and the Colorado Fair Housing Act, which Acts make it illegal to make or publish any advertisement that indicates any preference, limitation, or discrimination based on race, color, religion, sex, handicap, familial status, or national origin.

4. METROLIST, INC., DBA RECOLORADO will not knowingly accept any advertising for real estate that is in violation of the law. All persons are hereby informed that all dwellings advertised are available on an equal opportunity basis.

5. ALL RIGHTS RESERVED WORLDWIDE. No part of this publication may be reproduced, adapted, translated, stored in a retrieval system or transmitted in any form or by any means, electronic, mechanical, photocopying, recording, or otherwise, without the prior written permission of the publisher. The information contained herein including but not limited to all text, photographs, digital images, virtual tours, may be seeded and monitored for protection and tracking.

© 2021 METROLIST, INC., DBA RECOLORADO® – All Rights Reserved 6455 S. Yosemite St., Suite 500 Greenwood Village, CO 80111 USA

www.mcgeehomescolorado.com/homes/123048289
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102 Main Street Creede, CO 81130

  • Price: $692,000
  • Status: Active
  • On Site: 34 Days
  • Updated: 125 min ago
  • ID#: 2578932
0
Beds
0
Baths
0
½ Baths
0.5
Acres
2,500
SQFT
$277
$/SQFT
1900
Built
County:
Mineral
Area:
Creede
Property Description
This 2500 sq. ft. building is located at 102 North Main St., in the thick of tourist traffic, in historic Creede, Colorado. The building is divided into two separate and operating retail spaces, but a common interior door could make this a large operating space. 1. Elk Country Boutique on the corner of the building is a T-shirt Shop. 2. Creede Olive Oil Shop. Both businesses draw visitors as they walk the town shopping for unique gifts. Utilities include electric, pellet stove, Creede water & sewage, and phone. Each business has its own electrical meter and is paid for by that tenant. RECAP RATE: 1. Elk Country Boutique T-shirt Shop has an extremely high recap rate but will need to be kept as a T-shirt shop to obtain maximum income on the building. 2. Creede Olive Oil shop rents for $1300 per month year-round. The estimated total recap rate based on the above description is 15% to 20% annual return on investment. This historic building is located on Main Street in Creede, Colorado, and is a thriving business. Creede is a major vacation destination and sportsmen's dream paradise. Creede has all the small-town conveniences with high Rocky Mountain Views in all directions. The History of Creede as an old silver mining town is captivating and riveting. Creede Repertory Theater is a big attraction all summer and thousands of people attend live plays. From rock and mineral hounds to Elk/Deer hunters, fishermen, and sightseers, Creede is an enthralling place.
Exterior Features

Attached Garage YN No Carport Spaces 0 Carport YN No Covered Spaces 0 Garage YN No Lot Size Area 0.5 Lot Size Square Feet 21780 Parking Features Asphalt Parking Total 0 Road Frontage Type Public Road Road Surface Type Paved Roof Rolled/Hot Mop

Property Features

Construction Materials Stone Electric 110 Volts220 Volts Exclusions No Known Listing Terms CashConventional Property Sub Type Retail Sewer Public Sewer Tax Annual Amount 2832 Tax Year 2020 Water Source Public Zoning Commercial

Listing courtesy of Steffens And Company Realty Inc.: MLS #2578932


Licensed in the State of Colorado, USA

The content relating to real estate for sale in this Web site comes in part from the Internet Data eXchange (IDX) program of METROLIST, INC., DBA RECOLORADO®. Real estate listings held by brokers other than Berkshire Hathaway HomeServices Innovative Real Estate are marked with the IDX Logo. This information is being provided for the consumers’ personal, non-commercial use and may not be used for any other purpose. All information subject to change and should be independently verified.

1. This publication is designed to provide information regarding the subject matter covered. It is displayed with the understanding that the publisher and authors are not engaged in rendering real estate, legal, accounting, tax, or other professional services and that the publisher and authors are not offering such advice in this publication. If real estate, legal, or other expert assistance is required, the services of a competent, professional person should be sought.

2. The information contained in this publication is subject to change without notice. METROLIST, INC., DBA RECOLORADO MAKES NO WARRANTY OF ANY KIND WITH REGARD TO THIS MATERIAL, INCLUDING, BUT NOT LIMITED TO, THE IMPLIED WARRANTIES OF MERCHANTABILITY AND FITNESS FOR A PARTICULAR PURPOSE. METROLIST, INC., DBA RECOLORADO SHALL NOT BE LIABLE FOR ERRORS CONTAINED HEREIN OR FOR ANY DAMAGES IN CONNECTION WITH THE FURNISHING, PERFORMANCE, OR USE OF THIS MATERIAL.

3. PUBLISHER’S NOTICE: All real estate advertised herein is subject to the Federal Fair Housing Act and the Colorado Fair Housing Act, which Acts make it illegal to make or publish any advertisement that indicates any preference, limitation, or discrimination based on race, color, religion, sex, handicap, familial status, or national origin.

4. METROLIST, INC., DBA RECOLORADO will not knowingly accept any advertising for real estate that is in violation of the law. All persons are hereby informed that all dwellings advertised are available on an equal opportunity basis.

5. ALL RIGHTS RESERVED WORLDWIDE. No part of this publication may be reproduced, adapted, translated, stored in a retrieval system or transmitted in any form or by any means, electronic, mechanical, photocopying, recording, or otherwise, without the prior written permission of the publisher. The information contained herein including but not limited to all text, photographs, digital images, virtual tours, may be seeded and monitored for protection and tracking.

© 2021 METROLIST, INC., DBA RECOLORADO® – All Rights Reserved 6455 S. Yosemite St., Suite 500 Greenwood Village, CO 80111 USA

 
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Berkshire Hathaway HomeServices Innovative Real Estate
11990 Grant St., Suite 500
Northglenn CO, 80233
Offered by Steffens And Company Realty Inc..