416 State St - Flex FOR SALE


Trinidad, CO 81082
$795,000 USD
719-553-1763
416 State St, Trinidad, CO for Sale
$795,000 USD
Flex - FOR SALE
1/83
null | Request Cap Rate

416 State St
Trinidad, CO 81082


HIGHLIGHTS

  • Corner location with visibility from Interstate 25
  • Mixed-use property with multiple existing income components
  • Includes commercial, lodging, storage, office, and residential uses
  • Located near Trinidad State College and surrounding residential neighborhoods
  • On-site paved parking supports customers, tenants, and visitors
  • Public water, sewer, natural gas, and utility services are available

OVERVIEW

What a tremendous opportunity! This multi-use commercial building is centrally located in Trinidad, CO, just walking distance from Trinidad State Junior College, close to multi-family and residential living, and with excellent visual access from I-25. This locally-owned operation spans over 17,000 sq ft and currently includes a full-sized laundromat, 6 motel rooms, 195 storage units, and flexible office space - ideal for an independent business, nail salon, or wellness clinic. A 1,600 sq ft apartment on the property adds even more value, whether for an on-site owner/manager or additional rental income. The possibilities here are endless. Imagine adding a food counter or coffee bar in the laundromat to create a new revenue stream, or repositioning the office space and motel rooms to serve the growing student and residential population nearby. With this much square footage, this many income streams already in place, and a location this visible, the upside is only limited by imagination. Call Leanne Whitman for more information at 719-248-2086. Please note specific showing times Tues-Sat 9a-3p. If another time is required, Listing Agent will need to be present. There are a total of 195 storage units. 5x10's rent at $50/mo and 10x10-$80/mo. As of listing all but 4 units are rented. There are 6motel rooms at $750/mo.-1650 sq ft apartment is $900/mo and is currently rented. Several of the dryers in laundromat are not currently functioning.

FOR SALE DETAILS

PRICE

$795,000 USD

PRICE/SF

$45 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

-

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Flex

ADD'L SUBTYPES

Storefront, Office/Residential

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1967

UTILITIES

Gas, Water, Sewer, Heating

CLEAR CEILING HT

-

DOCKS

-

DRIVE INS

-

PARKING SPACES

21

LAND DETAILS

LAND ACRES

0.64

LAND SF

27,922

ZONING

MU

APN/PARCEL ID

10083611

ASK ABOUT THIS PROPERTY

Leanne WhitmanRe/Max AssociatesMore Info
719-553-1763

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Leanne WhitmanRe/Max AssociatesMore Info
719-553-1763

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