$1,075,000
$1,275,000
15.7%For more information regarding the value of a property, please contact us for a free consultation.
SOLD DATE : 03/09/2022
Key Details
Sold Price $1,075,000
Property Type Commercial
Sub Type Retail
Listing Status Sold
Purchase Type For Sale
MLS Listing ID 3242608
Sold Date 03/09/22
HOA Y/N No
Originating Board recolorado
Year Built 1995
Annual Tax Amount $9,737
Tax Year 2020
Acres 0.22
Property Description
Multi-use building zoned "commercial-convenience," a Palmer Lake zoning, with numerous permitted and/or conditional uses including residential & commercial combined. Space currently houses several small businesses including a restaurant, a bar, a coffee shop, and a hair salon. Property also includes income from a 25-year lease with Verizon for a cellular tower on the building rooftop. Excellent frontage on (State) Highway 105, located across from Palmer Lake and the Palmer Lake Recreation Area frequented by visitors for boating, paddle-boarding, fishing and local events that draw 1000's of visitors like the Palmer Lake Wine Festival, the 4th of July Fireworks celebration, youth sports, WinterFest, and so many other events year-round. Palmer Lake is a small mountain town that draws people from the surrounding Denver and Colorado Springs metro areas for day-trips. It is rapidly becoming a destination location where a day of hiking or biking on the miles of trails is always started or topped off with a visit to one of the 1st rate restaurants or coffee shops in Town! Building is 100% occupied with gross rent leases and has been impeccably maintained! The building is nestled between Ben Lomand and Sundance Mountains so patrons can enjoy the stunning lake and mountain views from the large deck! Seller is in the process of making a drive-thru window for the coffee shop!
Location
State CO
County El Paso
Zoning CC
Interior
Fireplace N
Exterior
Parking Features Asphalt
Total Parking Spaces 18
Garage No
Building
Lot Description Landscaped
Others
Special Listing Condition None
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