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8630 Fall River Rd 4,800 SF Vacant Retail Building Idaho Springs, CO 80452 $990,000 ($206.25/SF) 9.84% Cap Rate
EXECUTIVE SUMMARY
This awesome mixed-use property is located just outside of Idaho Springs, near the base of the iconic Saint Mary’s Glacier, within Arapaho National Forest. There are thousands of visitors that recreate at Saint Mary’s annually, being a year-round recreation/tourist area. Amongst some of the activities are ATV, Snowmobiling, Hiking, Fishing, Camping etc. Presently, 3 residential units are used for short term vacation rentals. and there is 1 commercial unit currently vacant. The vacant unit can stay commercial, or be converted to residential. The owner previously ran a general store in this unit. The projected net annual operating income is $105,000. Each of the apts has its own furnace & hot water heater. Each Apartment is separately metered for Propane & Electricity. With log-style architecture and metal roofing, it’s well built, and low maintenance. At 2.7 acres there is also ample room to expand the existing bldg., or construct another. Operate the property as an owner-user, or arms-length investor. Call now to schedule a tour of this unique property/opportunity!
PROPERTY FACTS
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Storefront Retail/Residential
Building Size
4,800 SF
Year Built
2003
Price
$990,000
Price Per SF
$206.25
Cap Rate
9.84%
NOI
$97,416
Percent Leased
Vacant
Building Height
3 Stories
Building FAR
0.04
Lot Size
2.70 AC
Zoning
C-1
Frontage
698’ on Fall River Rd.
AMENITIES
- Fireplace
- Balcony
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8630 Fall River Rd
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