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102 Main Street

Creede, CO 81130
  • $692,000
  • STATUS: Active
  • ON SITE: 67 Days
  • MLS #: 798489
UPDATED: 33 min ago
$692,000
  • 0
    BEDS
  • 0.5
    ACRES
  • 2
    BATHS
  • 0
    1/2 BATHS
  • 2,500
    SQFT
  • $277
    $/SQFT
Neighborhood:
Type:
Commercial
Built:
1900
County:
Area:

School Ratings & Info

Listing courtesy of Steffens And Company Realty, Inc: 719-873-1700.


Description

This 2500 sq. ft. building is located at the corner of 102 North Main St. & Wall St., in the thick of tourist traffic, in historic Creede, Colorado. The building is divided into two separate and operating retail spaces, but a common interior door could make this a large operating space. 1. Elk Country Boutique on the corner of the building is a T-shirt Shop. 2. Creede Olive Oil Shop. Both businesses draw visitors as they walk the town shopping for unique gifts. Utilities include electric, pellet stove, Creede water & sewage, and phone. Each business has its own electrical meter and is paid for by that tenant. RECAP RATE: 1. 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. 2. 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. 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 a big 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.

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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 2022. 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 The Howe Group | Keller Williams Realty contain that company’s name.
Fair Housing Disclaimer

This data was last updated: 2022-12-03T06:56:27.673.
www.thehowegroup.co/homes/133418062
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102 Main Street Creede, CO 81130

  • Price: $692,000
  • Status: Active
  • On Site: 67 Days
  • Updated: 33 min ago
  • MLS #: 798489
0
Beds
2
Baths
0
½ Baths
0.5
Acres
2,500
SQFT
$277
$/SQFT
1900
Built
Neighborhood:
None
County:
Mineral
Area:
Creede
Property Description
This 2500 sq. ft. building is located at the corner of 102 North Main St. & Wall St., in the thick of tourist traffic, in historic Creede, Colorado. The building is divided into two separate and operating retail spaces, but a common interior door could make this a large operating space. 1. Elk Country Boutique on the corner of the building is a T-shirt Shop. 2. Creede Olive Oil Shop. Both businesses draw visitors as they walk the town shopping for unique gifts. Utilities include electric, pellet stove, Creede water & sewage, and phone. Each business has its own electrical meter and is paid for by that tenant. RECAP RATE: 1. 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. 2. 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. 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 a big 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.
Exterior Features

Acreage Range Less Than 1/2 Carport No Lot Dimension 50X50x50x49 Parking On StreetPaved Roof Membrane Sewer Public Sewer Installed Stories 1 Street Description 50'-75' FrontageCity/TownPaved Water Public Water Well No Waterfront YN No

Interior Features

Finished Sq Ft 2500 Flooring Wood Foundation ConcreteSlab Heating Fuel Source Electric Heating System Electric Baseboard Heating System1 Electric Lighting FluorescentIncandescent Main Sq Ft 2500 One Quarter Baths 0 Total Offices 0

Property Features

Available Utilities CableElectricInternetPhoneSanitary SewerWater Books Available No Cam No Covenants No Current Business Retail Current Use Retail Storefront Desc Of Business Olive Oil Sales Exchange Trade No Existing Utilities ElectricInternetPhoneWater Fixtures Included No Inventory Included No Landlord Pays Building InsuranceElectricInterior MaintenanceSewer/WaterTrash Lease Included No New Construction YN No Owners Association No Possible Property Use Bar/LoungeGeneral OfficeRetail StorefrontSpecial Use Railroad Siding Spur No Real Estate For Sale Yes Reo Lender Owned No Tax Year 2021 Total Taxes 3622.84 Type Retail Variable Rate No Water Rights No Year Started 2017

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 2022. 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 The Howe Group | Keller Williams Realty contain that company’s name.
Fair Housing Disclaimer

This data was last updated: 2022-12-03T06:56:27.673.
 
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The Howe Group | Keller Williams Realty
218 Maroon Ave. Unit C
Crested Butte CO, 81224
Listing courtesy of Steffens And Company Realty, Inc: 719-873-1700.