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    15560 Hwy, Unit 115 Penrose, CO 81240

    For Sale
    $795,000

    COMMERCIAL - Penrose, CO

    Property size:
    2,982 SF
    Lot size:
    8.21 Acres
    Days on Market:
    255
    Last Refresh:
    Dec 7 at 4:06 pm

    Property Features for 15560 Hwy

    General Information

    Special listing conditions
    Standard
    Property type
    Commercial Sale
    Property subtype
    Other
    TransactionType
    Standard
    Standard status
    Active
    Zoning
    B
    APN
    69003750
    Size
    2,982 SF
    Lot size
    8.21 Acres

    Utilities

    Sewer type
    Septic Tank
    Heating system
    Forced Air, Natural Gas, Electric (Heating)
    Cooling system
    Evaporative Cooling, Ceiling Fan(s), Window Unit(s)
    Water source
    Public

    Building Details

    Year built
    1948
    Floors in Building
    1
    Roof type
    Metal, Asphalt

    Keller Williams Performance Realty (719) 583-1100 [email protected]

    Listing agent Brandon Angel (719) 240-6471

    Listing date Mar 28, 2025

    Copyright © 2025 Pueblo 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 Opportunity on Highway

    This commercial property is located in Penrose, Colorado, along State Highway 115, offering two access points and 650 feet of highway frontage. The location benefits from high visibility, with an average daily traffic count of 11,000 vehicles. The property is currently configured with a 2,982-square-foot restaurant building that includes a commercial kitchen and three half-bathrooms and three full 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 designed to accommodate large machinery. The property also features two 10-foot by 30-foot modular sheds. The site 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, as well as uses by special review. The property is suitable for various ventures, including a venue, self-storage facility, or restaurant. The property has maximum parking for a large event venue and sits on a lot of 8.207 acres.
    Location Intelligence

    Current Use by Public Records

    Wedding venues

    Map

    City
    Penrose
    County
    Fremont
    State
    Colorado
    Longitude
    -105.0226969
    Latitude
    38.4349149

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    FAQs

    What type of property is this?
    Restaurant - Established commercial property with highway frontage and multiple buildings.
    Where is this 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.; - Versatile zoning allows for a wide range of uses, including venue, self-storage, restaurant, or multi-family dwelling.; - Existing restaurant building with commercial kitchen and multiple bathrooms.
    (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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