UPDATED:
Key Details
Property Type Commercial
Sub Type Special Purpose
Listing Status Active
Purchase Type For Sale
MLS Listing ID 8260540
Style Mountain Contemporary,Traditional
HOA Y/N No
Year Built 1970
Lot Size 4.420 Acres
Acres 4.42
Property Sub-Type Special Purpose
Property Description
The property is anchored by three newly constructed Chief Buildings, each featuring heated interiors and a half bath. Currently configured as three rental units, the buildings were designed with flexibility in mind and can be divided to create up to six leasable commercial spaces, allowing an investor to significantly increase rental income over time. The three metal buildings are currently rented for $4000/ month/ building.
Adding to the income-producing portfolio is a single-family residence tucked at the rear of the property, currently leased for $2,000 per month, along with a commercial building and apartment generating $3,300 per month. With established long-term tenants and destination businesses already in place, the property provides immediate cash flow while offering multiple avenues for future growth.
The opportunity extends even further. According to the existing site plan, there is capacity to construct an additional building along the highway, creating the potential for another revenue-generating asset in a highly visible location. Three wells and individual septic systems support the improvements, and a solar system serving the commercial building helps minimize utility expenses and enhance operating efficiency.
For investors seeking a property with current income, built-in flexibility, and substantial development potential, this asset stands out as a compelling opportunity in one of Colorado's most dynamic mountain markets. Buyers are encouraged to verify allowable uses and development options with Chaffee County under the land use code and zoning map adopted January 1, 2025.
Location
State CO
County Chaffee
Zoning Mixed Use Commercial
Exterior
Waterfront Description Well
Roof Type Composition,Metal
Private Pool No
Building
Sewer Septic Tank
Water Well
Architectural Style Mountain Contemporary, Traditional
Others
Tax ID R327108200127
Virtual Tour https://listings.mediamaxphotography.com/29805-US-Hwy-24-N
6455 S. Yosemite St., Suite 500 Greenwood Village, CO 80111 USA
NEARBY SCHOOL & BUSINESS
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