101 Lake Ave - Apartments CONDO FOR SALE


Grand Lake, CO 80447
$449,500 USD
970-531-9926
101 Lake Ave, Grand Lake, CO for Sale
$449,500 USD
Apartments CONDO - FOR SALE
1/12
null | Request Cap Rate

101 Lake Ave
Grand Lake, CO 80447


HIGHLIGHTS

  • Could be office or retails, or built out as residential condo unit.

OVERVIEW

Located at the main entrance to Grand Lake, this 1,260 SF two-level condominium offers a rare combination of visibility, flexibility, and potential residential use in one of Colorado’s most recognizable mountain-lake communities. Every visitor entering town passes this location, creating strong exposure for a business while also placing the property close to Grand Lake’s shops, dining, lake access, Rocky Mountain National Park, and year-round recreation. The space includes approximately 682 SF on the upper level and 578 SF on the lower level, allowing for practical separation between public-facing areas, private workspaces, storage, living areas, or future residential use. Excellent natural light gives the unit a bright, comfortable feel. Currently operating as a salon, the layout could adapt to office, real estate or title services, medical, wellness, fitness, professional services, or similar owner-user applications. The property may also appeal to a buyer seeking a Grand Lake residential conversion opportunity. Per current information, the Town of Grand Lake would convert this unit to residential upon request. Buyer must independently confirm all zoning, permitted use, residential conversion requirements, HOA restrictions, building code requirements, utility requirements, costs, timelines, and approvals with the Town of Grand Lake, the HOA, and all appropriate governing authorities. This is a strong opportunity for an owner-user, investor, or buyer seeking flexible commercial/residential potential in a highly visible Grand Lake location with true four-season appeal.

FOR SALE DETAILS

PRICE

$449,500 USD

PRICE/SF

$357 USD /SF

CAP RATE

Request Cap Rate

# OF UNITS

1

CONDO SIZE

-

% LEASED

-

TENANCY

-

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY NAME

101 Lake Ave, Unit 5

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

ADD'L SUBTYPES

Storefront Retail/Residential, Apartments, Office/Residential

TOTAL BUILDING SIZE

1,260 SF

STORIES

1

BUILDING CLASS

C

YEAR BUILT

2005

SPRINKLERS

-

PARKING SPACES

4

LAND DETAILS

LAND ACRES

0.18 AC

LAND SF

7,849 SF

ZONING

Mixed Use

APN/PARCEL ID

119306230006

ASK ABOUT THIS PROPERTY

John SandersonRE/MAX Peak to PeakMore Info
970-531-9926

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John SandersonRE/MAX Peak to PeakMore Info
970-531-9926

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.