84 Highway 105 - Storefront Retail/Residential FOR SALE


Palmer Lake, CO 80133
$1,495,000 USD
719-481-4810
84 Highway 105, Palmer Lake, CO for Sale
$1,495,000 USD
Storefront Retail/Residential - FOR SALE
1/54
null | 5.13% Cap Rate

84 Highway 105
Palmer Lake, CO 80133


HIGHLIGHTS

  • 2 Buildings with 7 Units are Fully-leased.
  • Includes 2 Additional, Buildable, Platted Parcels that are Zoned Convenience-Commercial that can be Developed or Sold Separately in the Future.
  • Over 200' of State Highway Frontage in the Heart of Town!
  • Incredible CC Zoning Permits so Many Uses! Current Uses: Restaurant/Retail, Offices, Residential Apartment, Retail/Warehouse & Salon

OVERVIEW

Presenting Wilson's Corner, a local landmark, in the heart of the bustling little mountain town of Palmer Lake! This iconic property offers 7,000 SF of floor space including two fully-leased buildings! In addition, there are two platted, buildable commercial lots (zoned CC) that can be developed or sold separately in the future! The current use(s) are: restaurant/bar, beauty salon, 3 offices, a retail shop/warehouse with an overhead door, and a residential apartment in the upper level! With 7 separate units, a rooftop lease and excellent rental history, this is a turnkey investment property! Over 200 feet of State highway frontage provides tenants the best exposure possible! This property is everything...no vacancies and located in the ultimate location! Palmer Lake is a historical destination location where visitors, and locals alike, frequent the restaurants and shops on old Main Street! After dinner at one of the notable eateries, a stroll around the lake often ends with a coffee or an ice cream or stopping to listen to some live music! Daytime lake users enjoy paddleboarding and fishing in the most scenic area on the Front Range! Palmer Lake is where love lives...and you will love investing here, too! (SERIOUS INQUIRIES ONLY, PLEASE.)

FOR SALE DETAILS

PRICE

$1,495,000 USD

PRICE/SF

$212 USD /SF

CAP RATE

5.13%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY NAME

Wilson's Corner

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Residential

ADD'L SUBTYPES

Auto Repair, Restaurant

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1934

SPRINKLERS

-

PARKING SPACES

20

LAND DETAILS

LAND ACRES

1.08 AC

LAND SF

47,045 SF

ZONING

CC

APN/PARCEL ID

71053-08-001

ASK ABOUT THIS PROPERTY

Trish FlakeMain Street Brokers, LLCMore Info
719-481-4810

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Trish FlakeMain Street Brokers, LLCMore Info
719-481-4810

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