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    708 Fremont St Penrose, CO 81240

    For Sale
    $1,250,000

    COMMERCIAL - Penrose, CO

    Lot size:
    9.82 Acres
    Days on Market:
    18
    Last Refresh:
    Dec 12 at 12:06 am

    Property Features for 708 Fremont St

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    APN
    69007671
    Lot size
    9.82 Acres

    Building Details

    Year built
    1912

    CHERRY CREEK PROPERTIES (303) 713-9000

    Listing agent Robert S. Banning (719) 281-5331

    Listing date Nov 25, 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

    Historic Building with Landmark Features

    This historic building in Penrose, Colorado, presents a rare ownership opportunity. The property has become a landmark, featuring a billboard and one of the world's largest rocking chairs. The building showcases unique architectural elements, including high ceilings, wood beams, and brick. It has undergone numerous upgrades, including electrical, plumbing, and roof improvements. The property offers over 2000 square feet of living space. The 9.82-acre lot is completely fenced and includes a three-car garage and carport. The property could serve as an event center or restaurant. Phase 1 Environmental, Site Plan, and Traffic Report have all been completed.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Wedding venues

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Gym & Fitness Auto Parts Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Penrose
    County
    Fremont
    State
    Colorado
    Longitude
    -105.023303
    Latitude
    38.429812

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    FAQs

    What type of property is this?
    Restaurant - Unique commercial property with historical significance and development potential.
    Where is this restaurant located?
    The property is located at 708 Fremont St Penrose, CO.
    What is the asking price?
    The asking price for this property is $1,250,000.
    What are key features of this property?
    This property features: - Historic landmark building with unique features like high ceilings, wood beams, and brick.; - Includes a Billboard and one of the World's largest Rocking Chairs.; - Significant upgrades to electric, plumbing, and roof.
    (719) 281-5331
    Request Owner's contact information
    708 Fremont St 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

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    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
    708 Fremont St Penrose, CO 81240
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