102 Main Street Creede, CO 81130

Retail Residence

Beds

2 Baths

2,500 Sq. Ft.

0.5 Acre Lot

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Last updated on 9/22/2024 1:14 AM

Listing Details

This 2500 sq. ft. building is located at the corner of 102 North Main St. & Wall St., in the thick of tourist traffic, in historic Creede, Colorado. The building is divided into two separate and operating retail spaces, but a common interior door could make this a large operating space. 1. Elk Count...ry Boutique on the corner of the building is a T-shirt Shop. 2. Creede Olive Oil Shop. Both businesses draw visitors as they walk the town shopping for unique gifts. Utilities include electric, pellet stove, Creede water & sewage, and phone. Each business has its own electrical meter and is paid for by that tenant. RECAP RATE: 1. Elk Country Boutique T-shirt Shop has an extremely high recap rate but will need to be kept as a T-shirt shop to obtain maximum income on the building. 2. Creede Olive Oil shop rents for $1300 per month year-round. The estimated total recap rate based on the above description is 15% to 20% annual return on investment. This historic building is located on Main Street in Creede, Colorado, and is a thriving business. Creede is a major vacation destination and sportsmenâs dream paradise. Creede has all the small-town conveniences with high Rocky Mountain Views in all directions. The History of Creede as an old silver mining town is captivating and riveting. Creede Repertory Theater is a big attraction all summer and thousands of people attend live plays. From rock and mineral hounds to Elk/Deer hunters, fishermen, and sightseers, Creede is an enthralling place. Continue reading

MLS#

798489

Property Type

Retail

Bathrooms

2 Full

Year Built

1900

Square Feet

2,500 sq. ft

Price per Sq. Ft.

$276.80