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MLS Number:
220835
Property Type:
Commercial Buildings
Area:
Arkansas Valley
List Price:
$625,000
Street Number:
215
Direction:
Address:
Colorado Ave
City:
La Junta
State:
CO
Zip Code:
81052
Building SqFt:
15690
Apx Year Built:
1914
Lot Dimensions:
143x70
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Lease Type/Terms:
Year to Year
Lease Includes:
None
Building Description:
Multi-Level
Business Type:
Retail, Professional Service, Restaurant, See Remarks
Zoning:
C
Taxes:
Prior Tax Year:
2023
Tax Year:
Public Remarks:
Located in the heart of downtown LaJunta, The Opera House is a mixed-use property including six residential units, a pizzeria, bookstore, barber shop, nail salon, and a pharmacy. Owning a mixed-use property can provide various benefits to the owner. One advantage is the potential for multiple streams of income. By combining different types of spaces such as residential, commercial, and retail within the same property, owners can diversify their revenue sources and potentially increase profitability. All units, both commercial and residential, have current leases. There have been a plethora of upgrades to the property including plumbing, refinishing original hardwood floors, new kitchen cabinets and countertops in several residential units. With its desirable location and strong rental history, and whether you're a seasoned investor or a newcomer to investment properties, don't miss out on this chance to add a high performing asset to your portfolio.
Variable Commission:
No
Co-Op %/$:
2
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