312 1st St
Severance, CO 80546
Property For Lease

Live and work in this incredible mixed-use property on 1st Street in the heart of Severance. With three separate units, two Residential and one Industrial, this property immediately generates income and provides long-term redevelopment potential. The Main Floor Residence includes 1BR, 2BA, a full kitchen, an office, washer/dryer hookups, and spacious living area. Upstairs, a separate, modern Studio Apartment complete with a kitchenette and an updated 3/4 bath, has a long history as a short-term rental, with over 260 occupied nights in 2023. The two Residential Units share access to an outdoor patio space with hot tub hookups, a garden shed, and parking spaces for two RVs or travel trailers. The Residential Units are separated from the Industrial Unit with a 2-hour firewall and lobby/storage area, complete with a fire suppression system that protects the entire residential portion of the property. The Industrial Unit totals 4,837 SF and is currently Available For Lease. The Warehouse Space is approximately 3,570 SF and has been updated with closed-cell foam insulation and has overhead radiant heating throughout. Recent Improvements include a new 13ft overhead roll-up door, new lighting, updated 400-amp electrical service, a private bathroom with a shower, and stub-ins for a second bathroom. An additional 1,267 SF of unconditioned storage space adjacent to the Primary Warehouse is accessible by a man door from the Warehouse or from the Yard by another 10ft overhead roll-up door for easy access. Exclusive use of the 16,000 SF, fully fenced storage yard is included with the Industrial Unit and offers dual access from 3rd Ave and 2nd St. The entire 30,000 SF parcel consists of 8 city lots with an additional sewer drop on 3rd St for future development.