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    15560 Hwy, Unit 115 Penrose, CO 81240

    For Sale
    $795,000

    COMMERCIAL - Penrose, CO

    Lot size:
    8.49 Acres
    Days on Market:
    140
    Last Refresh:
    Dec 7 at 3:06 pm

    Property Features for 15560 Hwy

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    APN
    69003750
    Lot size
    8.49 Acres

    Building Details

    Year built
    1948

    Performance Group of Colorado, LLC (719) 269-7355 [email protected]

    Listing agent Brandon S. Angel (719) 240-6471

    Listing date Jul 21, 2025

    Copyright © 2025 Royal Gorge Association of REALTORS®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Penrose Commercial Property on Highway

    This commercial property is located in Penrose, Colorado, along Colorado State Highway 115. It features 650 feet of highway frontage and two access points, benefiting from an average daily traffic of 11,000 vehicles. The property includes a 2,982-square-foot restaurant building equipped with a commercial kitchen and three half-bathrooms. Additionally, there is a 2,084-square-foot home with five bedrooms and four bathrooms, along with a 30-foot by 50-foot shop suitable for large machinery. Other outbuildings include two 10-foot by 30-foot modular sheds. The property is equipped with three water taps, three electric taps, and two gas meters. The zoning allows for a wide range of uses, including residential dwellings and multi-family housing, some of which may require special review. The property also offers maximum parking, suitable for large event venues.
    Location Intelligence

    Current Use by Public Records

    Conventional restaurants

    Map

    City
    Penrose
    County
    Fremont
    State
    Colorado
    Longitude
    -105.022707
    Latitude
    38.434921

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    FAQs

    What type of property is this?
    Conventional restaurant - Commercial property with restaurant, home, and shop on Highway.
    Where is this conventional restaurant located?
    The property is located at 15560 Hwy, Unit 115 Penrose, CO.
    What is the asking price?
    The asking price for this property is $795,000.
    What are key features of this property?
    This property features: - High-traffic commercial location with 650 feet of highway frontage and 11,000 average daily traffic.; - Flexible zoning allows for a wide range of uses, including residential (even multi-family) and commercial.; - Multiple utility taps: 3 water, 3 electric, and 2 gas meters.
    (719) 240-6471
    Request Owner's contact information
    15560 Hwy, Unit 115 Penrose, CO 81240
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    Penrose, CO 81240
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

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    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    15560 Hwy, Unit 115 Penrose, CO 81240
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