1146 E HWY 50 Salida, CO $ 2,395,000
1146 E HWY 50
$ 2,395,000
Share Save

1146 E HWY 50

Salida, CO, 81201
$ 2,395,000
Baths0.0 Sq 8,660

Monthly Estimate*

$ 15,918

Listed by Pinon Real Estate Group LLC
1146 E HWY 50, Salida, CO 81201 - Image 1
1146 E HWY 50, Salida, CO 81201 - Image 2
1146 E HWY 50, Salida, CO 81201 - Image 3
1146 E HWY 50, Salida, CO 81201 - Image 4
1146 E HWY 50, Salida, CO 81201 - Image 5
1146 E HWY 50, Salida, CO 81201 - Image 6
1146 E HWY 50, Salida, CO 81201 - Image 7
1146 E HWY 50, Salida, CO 81201 - Image 8
1146 E HWY 50, Salida, CO 81201 - Image 9
1146 E HWY 50, Salida, CO 81201 - Image 10
1146 E HWY 50, Salida, CO 81201 - Image 11
1146 E HWY 50, Salida, CO 81201 - Image 12
1146 E HWY 50, Salida, CO 81201 - Image 13
1146 E HWY 50, Salida, CO 81201 - Image 14
1146 E HWY 50, Salida, CO 81201 - Image 15
1146 E HWY 50, Salida, CO 81201 - Image 16
1146 E HWY 50, Salida, CO 81201 - Image 17
1146 E HWY 50, Salida, CO 81201 - Image 18
Studio

Commercial Property for sale in Salida, CO

for $2,395,000. This 8,660 square foot building was built in 1977 on a lot size of 1.1.

Location, Opportunity and Income...this one has it all! This well maintained commercial property is currently used as monthly rentals and has virtually no vacancy. There are 18 single units with mini kitchens, 1 modular home and 1 manufactured home, laundry, outdoor park/picnic area and ample parking. The rooms rent for $800-$1200/month each, the modular home rents for $2,000/month and the manufactured home is currently traded with groundkeeper (previously rented for $1000/month. Currently 14 units are rented under 1 lucrative lease from a local business for its employee housing. If monthly rentals are not your thing, you can revert back to a traditional motel model and rent out nightly. There is also excellent development potential to re-develop into condos or townhomes for lease or sale. Excellent location on a highly visible and bustling section of Highway 50 in the popular mountain town of Salida Colorado. Property is only minutes from downtown Salida where quaint shops, restaurants and bars abound. Salida is a popular tourist destination offering world class whitewater rafting, skiing, fishing, mountain biking and hunting. Centrally located within a couple hours drive to all major city's and airports in Colorado. The lot is quite large at 1.1 acres - room to expand or develop into multi-unit neighborhood. Come check out this dynamic business opportunity today!

See more

Commercial Active

Price

$ 2,395,000

Bedrooms

Studio

Property Type

Commercial

Taxes

$ 8,377

Style

Free Standing

Lot Size

1.1

Year Built

1977

Town/City

Salida

County/Region

Chaffee

MLS | Web ID

2318549

Features
General
Sewer Public Sewer
Utilities Cable Available Electricity Connected Natural Gas Available Natural Gas Connected Phone Available Sewer Connected
Possession Negotiable
Roof Composition
Zoning Commercial (C-1)
Garage Spaces 0
Construction Materials Concrete Frame Other
Exclusions Seller will provide detailed list of exclusions Tenants Personal Property
Year Built 1977
Property SubType Special Purpose
Tax Year 2022
Current Use Residential
County Chaffee
Property Type Commercial Sale
Attached Garage N
Building Features Front Desk Signage Included Wi-Fi
Status Active
City Salida
Buyer Agent Compensation 2.5
NumberOfUnitsTotal 20
Lot Size Units Acres
Lot Size Square Feet 47916
Carport Spaces 0
Street Name HWY 50
Listing Terms Cash Conventional
Tax Annual Amount 8377
Structure Type Free Standing
Standard Status Active
Occupancy Type Tenant (Multiple)
Cap Rate 0
Buyer Agent Compensation Type %
See more
Exterior
Parking Features Asphalt Driveway-Gravel
Lot Features Subdividable
Water Source Public
Total Parking 20
Lot Size Area 1.1
Building Area Total 8660
Lot Size Acres 1.1
Road Surface Type Gravel Paved
Road Frontage Type Public
Road Responsibility Public Maintained Road
See more
Internal Only
Street Number 1 1146
See more
* Excluded Features
List By
Pinon Real Estate Group Llc

Broker

(719) 539-8886

Phone

Affordability Calculator

$16,616
Per Month
96%
4%
0%
Monthly Principal & Interest
$15,918
Monthly Property Taxes
$698
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.99% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
Learn more about how to save

Discover how much house you can afford

Your dream home may be within reach.

Learn More about how to save

The time to sell is now
THE TIME TO SELL IS NOW!
Nearby
242254 Elementary School
242425 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
2/26/2024$2,395,000 -12.91% Price Down
7/18/2023$2,750,000 Listed Price

Map


See all

1146 E HWY 50, Salida, CO, 81201 is a Commercial Property for sale at $2,395,000 with 8,660 sqft and a lot size of 1.1. 1146 E HWY 50 is a studio with 0.0 baths and was built in 1977. The property's zip code is 81201 which is in Salida, CO