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102 Main Street

Creede, CO 81130
  • $692,000
  • STATUS: Active
  • ON SITE: 389 Days
  • MLS #: 774985
UPDATED: 227 min ago
$692,000
  • 0
    BEDS
  • 0.5
    ACRES
  • 2
    BATHS
  • 0
    1/2 BATHS
  • 2,500
    SQFT
  • $277
    $/SQFT
Neighborhood:
Type:
Commercial
Built:
1970
County:
Area:

School Ratings & Info

Listing courtesy of Steffens And Company Realty, Inc.


Description

LOCATION: This historic building is located on Main Street in Creede, Colorado, and is a thriving business. Creede is a major vacation destination and sportsmens 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 the main 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. This corner lot building is located at 102 North Main Street BUILDING: The building is divided into two separate spaces. One space is Elk Country Boutique T-shirt Shop and the other is Creede Olive Oil Shop. Both businesses draw visitors as they walk the town shopping for unique gifts. UTILITIES: Electric, pellet stove, and phone. The building is on Creede sewer & water. Each business has its own electrical meter and paid by that tenant. RECAP RATE: 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. 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.

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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/110469154
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102 Main Street Creede, CO 81130

  • Price: $692,000
  • Status: Active
  • Updated: 227 min ago
  • MLS #: 774985
0
Beds
2
Baths
0
½ Baths
0.5
Acres
2,500
SQFT
$277
$/SQFT
1970
Built
Neighborhood:
Creede
County:
Mineral
Area:
Creede
Property Description
LOCATION: This historic building is located on Main Street in Creede, Colorado, and is a thriving business. Creede is a major vacation destination and sportsmens 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 the main 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. This corner lot building is located at 102 North Main Street BUILDING: The building is divided into two separate spaces. One space is Elk Country Boutique T-shirt Shop and the other is Creede Olive Oil Shop. Both businesses draw visitors as they walk the town shopping for unique gifts. UTILITIES: Electric, pellet stove, and phone. The building is on Creede sewer & water. Each business has its own electrical meter and paid by that tenant. RECAP RATE: 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. 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.
Exterior Features

Acreage Range Less Than 1/2 Carport No Lot Dimension 50 Ft Stories 1 Street Description City/Town Water Well No Waterfront YN No

Interior Features

Finished Sq Ft 2500 One Quarter Baths 0 Total Offices 0

Property Features

Available Utilities ElectricInternet Books Available No Cam No Covenants Yes Current Use Retail Storefront Exchange Trade No Fixtures Included No Inventory Included No Lease Included Yes New Construction YN No Owners Association No Possible Property Use Retail Storefront Railroad Siding Spur No Real Estate For Sale Yes Reo Lender Owned No Tax Year 2019 Total Taxes 2654.50 Type Retail Variable Rate No Water Rights No Zoning Type Commercial

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 Steffens And Company Realty, Inc.