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101-107 W Bridge Street

Hotchkiss, CO 81419
  • $1,280,000
  • STATUS: Active
  • ON SITE: 177 Days
  • MLS #: 781232
UPDATED: 193 min ago
$1,280,000
  • 0
    BEDS
  • 0.28
    ACRES
  • 9
    BATHS
  • 4
    1/2 BATHS
  • 9,360
    SQFT
  • $137
    $/SQFT
Neighborhood:
Type:
Commercial
Built:
1897
County:
Area:

School Ratings & Info

Listing courtesy of Re/Max Mountain West/Paonia.


Description

Outstanding income property in downtown Hotchkiss! Extensively restored and remodeled since 2003, today the historic Hotchkiss Hotel, aka the Hotchkiss Block, claims as tenants a popular restaurant, hair salon and Pilates studio. Also downstairs are two office spaces and a mostly finished unit that could be an apartment or side-street coffee shop. Upstairs are 7 apartments (3x2BR, 2x1BR, 2 studio) with excellent rental histories, plus a coin-operated laundry room. Current rents total over $8,000 per month with room for improvement. Built in 1896-1897 by town founder Enos Hotchkiss, the building operated as a hotel for many years, accommodating up to 50 guests, and housing at various times hardware and grocery stores, a bank, a post office, a bus station and several restaurants. Its longtime position of importance in the Hotchkiss community and stylish construction of locally-produced red brick have earned it a spot on the National Register of Historic Places (see Assoc Docs).

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The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange (IDX) program of Colorado Real Estate Network, Inc. (CREN), © Copyright 2021. All rights reserved. All data deemed reliable but not guaranteed and should be independently verified. This database record is provided subject to “limited license” rights. Duplication or reproduction is prohibited.
FULL CREN Disclaimer

Real Estate listings held by companies other than Berkshire Hathaway HomeServices Western Colorado Properties contain that company’s name.
Fair Housing Disclaimer

This data was last updated: 2021-10-22T23:56:23.41.
www.homesforsaledurango.com/homes/116545715
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101-107 W Bridge Street Hotchkiss, CO 81419

  • Price: $1,280,000
  • Status: Active
  • Updated: 193 min ago
  • MLS #: 781232
0
Beds
9
Baths
4
½ Baths
0.28
Acres
9,360
SQFT
$137
$/SQFT
1897
Built
Neighborhood:
Hotchkiss
County:
Delta
Area:
North Fork
Property Description
Outstanding income property in downtown Hotchkiss! Extensively restored and remodeled since 2003, today the historic Hotchkiss Hotel, aka the Hotchkiss Block, claims as tenants a popular restaurant, hair salon and Pilates studio. Also downstairs are two office spaces and a mostly finished unit that could be an apartment or side-street coffee shop. Upstairs are 7 apartments (3x2BR, 2x1BR, 2 studio) with excellent rental histories, plus a coin-operated laundry room. Current rents total over $8,000 per month with room for improvement. Built in 1896-1897 by town founder Enos Hotchkiss, the building operated as a hotel for many years, accommodating up to 50 guests, and housing at various times hardware and grocery stores, a bank, a post office, a bus station and several restaurants. Its longtime position of importance in the Hotchkiss community and stylish construction of locally-produced red brick have earned it a spot on the National Register of Historic Places (see Assoc Docs).
Exterior Features

Acreage Range Less Than 1/2 Carport No Construction Brick Lot Dimension 100X125 Parking On StreetOff StreetGravel2-10 Total SpacesIn Rear Of Building Property Attached Yes Property Description Corner Roof Membrane Sewer Public Sewer Installed Stories 2 Street Description City/TownPaved Water Public Water Well No Waterfront YN No

Interior Features

Ceiling Height 10 Finished Sq Ft 9360 Flooring ConcreteWood Foundation Basement-UnfinishedCrawl Space Furn Fixt Equip See Assoc Docs For Kitchen Equipment List Heating Fuel Source ElectricNatural Gas Heating System BoilerElectric BaseboardForced Air Heating System1 ElecGas Main Sq Ft 5018 One Quarter Baths 0 Total Offices 2 Upper Sq Ft 4342

Property Features

Books Available No Cam No Cap Rate Percent 5.3 Covenants No Current Business Commercial/Residential Current Use General OfficeRestaurantBarRetail StorefrontMixed UseService Desc Of Business 5 Business Spaces7 Apts Disclosures Lead Base Paint Documents On File Aerial PhotosEquipment ListProfit/Loss Exchange Trade No Existing Utilities ElectricInternetNatural GasSanitary SewerWater Fixtures Included Yes Gross Annual Expenses 23851 Gross Scheduled Income 95388 Inventory Included No Landlord Pays Building InsuranceExt Maintenance (Bldg)Real Estate TaxesSewer/WaterSnow RemovalTrash Lease Included Yes Net Operating Income 66767 New Construction YN No Owners Association No Possible Property Use Bar/LoungeConvenience StoreGeneral OfficeLodgingMixed-UseProfessional/MedicalRestaurantRetail StorefrontShowroom Railroad Siding Spur No Real Estate For Sale Yes Reo Lender Owned No Tax Year 2020 Tenant Pays ElectricGas Total Taxes 8351.48 Type Multi-Use W/Res Vacancy Factor Prcnt 5 Variable Rate No Water Rights No Year Started 1897 Zoning Type CommercialMixed Use

The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange (IDX) program of Colorado Real Estate Network, Inc. (CREN), © Copyright 2021. All rights reserved. All data deemed reliable but not guaranteed and should be independently verified. This database record is provided subject to “limited license” rights. Duplication or reproduction is prohibited.
FULL CREN Disclaimer

Real Estate listings held by companies other than Berkshire Hathaway HomeServices Western Colorado Properties contain that company’s name.
Fair Housing Disclaimer

This data was last updated: 2021-10-22T23:56:23.41.
 
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Berkshire Hathaway HomeServices Western Colorado Properties
842 Main Ave
Durango CO, 81301
Listing courtesy of Re/Max Mountain West/Paonia.