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401 N Commercial St

Trinidad, CO 81082
  • $1,400,000
  • STATUS: Active
  • ON SITE: 53 Days
  • MLS #: 22-299
UPDATED: 36 min ago
$1,400,000
  • 0
    BEDS
  • N/A
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 13,104
    SQFT
  • $107
    $/SQFT
Neighborhood:
Type:
Commercial
Built:
1889
County:
Area:

School Ratings & Info

Description

Exceptional commercial/residential building in the heart of Trinidad. This historic building was remodeled with modern conveniences but the charm of the late 1880s. Consisting of 2 commercial first floor spaces and 6 apartments on the 2nd and 3rd floor with refinished hardwood flooring, hot water heat, new appliances, and beautiful vintage base, casing and trim, this is a rare opportunity to own income property in the downtown area. Currently the fully leased building income creates just above 6% CAP rate from net operating income. As a bonus, this building was divided into condominiums in the event the owner chose to sell the units individually.

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© 2022 Spanish Peaks MLS. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Bachman & Associates. Data last updated: 2022-05-25T09:23:46.01.
www.southerncoloradoproperty.com/homes/127321281
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401 N Commercial St Trinidad, CO 81082

  • Price: $1,400,000
  • Status: Active
  • On Site: 53 Days
  • Updated: 36 min ago
  • MLS #: 22-299
0
Beds
0
Baths
0
½ Baths
N/A
Acres
13,104
SQFT
$107
$/SQFT
1889
Built
Neighborhood:
No Subdivision
County:
Las Animas
Area:
Trinidad
Property Description
Exceptional commercial/residential building in the heart of Trinidad. This historic building was remodeled with modern conveniences but the charm of the late 1880s. Consisting of 2 commercial first floor spaces and 6 apartments on the 2nd and 3rd floor with refinished hardwood flooring, hot water heat, new appliances, and beautiful vintage base, casing and trim, this is a rare opportunity to own income property in the downtown area. Currently the fully leased building income creates just above 6% CAP rate from net operating income. As a bonus, this building was divided into condominiums in the event the owner chose to sell the units individually.
Exterior Features

Road City Roofing Built-UpOther

Interior Features

Ceiling Height 11 - 15 Ft8 - 10 Ft Flooring Carpet Over WoodCeramic TileConcreteVinylWood Heating Gas Sq Ft Retail 4368.00 Walls PlasterSheet Rock

Property Features

Building Features Display WindowLiving Space Commercial Zoning General RetailOther Zoning Construction Other Const Gas Natural Gas Other Utilities Cable TvTelephone Safety Features Fire AlarmOther Safety FeatureSmoke/Heat Detector Sewer City Tax Year 2021 Taxes 3003.20 Type Of Business Other Business Water City Zoning Commercial

Listing information © 2022 Spanish Peaks MLS.
Listing provided courtesy of One Premier Properties Ltd.



© 2022 Spanish Peaks MLS. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Bachman & Associates. Data last updated: 2022-05-25T09:23:46.01.
 
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Bachman & Associates
222 S. Main Street
La Veta CO, 81055