203 F St
Salida, CO 81201
Downtown Salida Live/Work or Vacation Rental · Office Property For Sale

Own a piece of the town you love! You love Salida, and now you can afford to own a piece of history. Ideal storefront in the middle of downtown historic district, live and work opportunity. Excellent commercial investment opportunity with F Street address! All new plumbing and electrical, including code compliant upgrades in basement. New water heater, new boiler. The back end of this commercial condo has recently been converted to an efficiency apartment with separate alley access and also has access to the new deck built in the common area off the alley. It is currently used as an office, but current tenant will vacate at closing so you can charge market rate rent. Could be used as retail space. The rear apartment was built to accommodate short-term rental that sleeps for with kitchenette and shower for additional cashflow, projected to rent between $145-$195 per night. Flooring in studio apartment is LVT, middle breakroom area is wood flooring, and the office up front is carpet with wood underneath. The whole space has steam heat included in HOA fees of $236.23/month. HOA also includes water/gas/electric/trash. CAP RATE IS AN ESTIMATE BASED IN VACATION RENTAL INCOME OF $150/night with 25% VACANCY