Creede CO Commercial for Sale
$595,000
107 N MAIN Street Creede, CO 81130
- Type:
- Retail
- Sq.Ft.:
- 945
- Status:
- Active
- Beds:
- n/a
- Lot size:
- 0.03 Acres
- Year built:
- 1906
- Baths:
- 1.00
- MLS#:
- 814900
ADDITIONAL INFORMATION
Donâ??t miss this opportunity to own a piece of Creedeâ??s rich history with this charming Main Street building! Once home to Creedeâ??s post office, it was the workplace of local legend â??Zip,â?? a beloved postman who was a true friend to the community. This historic building has been carefully updated in the past two years, boasting new electrical and plumbing systems, a new roof, and a fresh coat of paint. The property offers endless potential for business, blending modern upgrades with the character of its storied past. Currently, it is the home of The Blue Yak, but allows for a variety of possibilities, whether youâ??re envisioning a retail space, restaurant, or office. Located in the heart of Creedeâ??s vibrant downtown, this property offers great visibility and foot traffic, making it an ideal investment for anyone looking to be part of the townâ??s thriving community.
$692,000
102 Main Street Creede, CO 81130
- Type:
- Retail
- Sq.Ft.:
- 2,500
- Status:
- Active
- Beds:
- n/a
- Lot size:
- 0.5 Acres
- Year built:
- 1900
- Baths:
- 2.00
- MLS#:
- 798489
- Subdivision:
- None
ADDITIONAL INFORMATION
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 Country 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.
$692,000
102 Main Street Creede, CO 81130
- Type:
- Retail
- Sq.Ft.:
- 2,500
- Status:
- Active
- Beds:
- n/a
- Lot size:
- 0.5 Acres
- Year built:
- 1900
- Baths:
- 2.00
- MLS#:
- 774985
ADDITIONAL INFORMATION
This 2500 sq. ft. building is located at 102 North Main 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 Country 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.
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Creede Real Estate
The median home value in Creede, CO is $562,500. This is higher than the county median home value of $378,200. The national median home value is $338,100. The average price of homes sold in Creede, CO is $562,500. Approximately 20.41% of Creede homes are owned, compared to 7.48% rented, while 72.11% are vacant. Creede real estate listings include condos, townhomes, and single family homes for sale. Commercial properties are also available. If you see a property you’re interested in, contact a Creede real estate agent to arrange a tour today!
Creede, Colorado has a population of 820. Creede is less family-centric than the surrounding county with 18.26% of the households containing married families with children. The county average for households married with children is 21.31%.
The median household income in Creede, Colorado is $55,069. The median household income for the surrounding county is $55,556 compared to the national median of $69,021. The median age of people living in Creede is 51.4 years.
Creede Weather
The average high temperature in July is 74.1 degrees, with an average low temperature in January of -1.1 degrees. The average rainfall is approximately 17.9 inches per year, with 175.1 inches of snow per year.