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32934729
32949970

56860 East Colfax Avenue, Strasburg, CO 80136 For Sale

CL
400013319
RE/MAX Full House
Listed by RE/MAX Full House
$900,000
54 days on market
Updated 54 days ago

56860 East Colfax Avenue

Details
Property Type Retail, Office (+1)
Sub Type Commercial, Shopping Center (+1)
Square Footage 3,122
Units 20
Cap Rate 5.47%
NOI $49,200
Occupancy 100%
Tenancy Multi
Year Built 1967
Buildings 1
Stories 1
Acreage 0.750
Zoning Commercial
Parking Spaces 20 spaces
Parking per 1,000 SqFt 6.41
Ground Lease No

Commercial building with lot behind for Development

Marketing description

Office building featuring five offices plus an additional rear lot totaling 0.75 acres offering excellent potential for future development. The property at 1443 Monroe, a separate lot (.287) is included in the total acreage, which is directly behind the offices. Seller is also including 8 ERQs of water, valued at approximately $100,000, providing added value and development opportunity. Conveniently located just off Colfax, the main corridor through Strasburg, in an area experiencing significant growth and future development. A great opportunity to invest before the area’s expansion accelerates. All units are rented.

Investment highlights

Office building featuring five offices plus an additional rear lot totaling 0.75 acres offering excellent potential for future development. The property at 1443 Monroe, a separate lot (.287) is included in the total acreage, which is directly behind the offices. Seller is also including 8 ERQs of water, valued at approximately $100,000, providing added value and development opportunity. Conveniently located just off Colfax, the main corridor through Strasburg, in an area experiencing significant growth and future development. A great opportunity to invest before the area’s expansion accelerates. All units are rented.

Listing Contacts

CL
400013319
RE/MAX Full House
Listed by RE/MAX Full House

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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$49,200.00
$4,100.00/mo

Valuation Metrics

0
DSCR
5.47%
Cap Rate
5.47%
ROI

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Additional Information

Name
Connie Lybarger
License
40013319
Brokerage
ReMax Full House
Title
Broker of Record
Brokerage Address
56890 E Colfax Ave Strasburg CO 80136
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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