178 E Bridge Street
Retail | 1,996 SqFt
Marketing description
Spacious and flexible commercial unit in the heart of downtown Hotchkiss, situated in a high-traffic location with excellent visibility. Unit 1 offers a ground-floor layout complemented by an open mezzanine overlooking the main level, creating a bright, dynamic environment suited for retail, office, or creative use. The space features updated plumbing and electrical systems, new LED lighting, and beautifully restored original wood floors (1995), along with original tin ceilings and wall panels in excellent condition. The property also includes access to a full basement, ideal for additional storage, as well as an ADA-compliant bathroom and a large storage room. A janitorial room is stubbed out for the potential addition of a second (non-ADA) restroom. The association covers both units, with owners sharing the cost of building insurance and any exterior repairs. The property is equipped with an alarm and fire system featuring remote arm/disarm capability; buyers may opt to continue monitoring services at an estimated cost of $370 per year. Adding to its unique character, the space features a historic wall mural painted by Alva Browning in the 1920s, offering notable local historical significance. Blending functionality with historic charm, this distinctive unit is well-suited for a wide range of business opportunities.
Investment highlights
High-Visibility Location: Positioned in the heart of downtown Hotchkiss with strong foot and vehicle traffic—ideal for maximizing tenant exposure and long-term demand.
Flexible Income Potential: Versatile layout with ground-floor retail/office space plus an open mezzanine, allowing for a wide range of tenant types or creative mixed-use configurations.
Turnkey Infrastructure: Recently updated plumbing and electrical systems, energy-efficient LED lighting, and move-in-ready condition reduce immediate capital expenditure.
Historic Appeal = Premium Rents: Original wood floors, tin ceilings, and a rare 1920s mural by Alva Browning create a distinctive space that can command higher rents and attract niche tenants.
Additional Usable Space: Full basement for storage and expansion of tenant operations adds functional square footage without increasing footprint costs.
Built-In Accessibility: ADA-compliant restroom broadens tenant pool and ensures regulatory compliance.
Value-Add Opportunity: Stubbed janitorial room allows for a second restroom—enhancing usability and future rental upside.
Low Operational Complexity: Shared association structure spreads costs for insurance and exterior maintenance, helping stabilize expenses.
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