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    708 Fremont St Penrose, CO 81240

    For Sale
    $1,250,000

    Commercial - Penrose, CO

    Property size:
    8,660 SF
    Days on Market:
    145
    Last Refresh:
    Dec 7 at 1:06 am

    Property Features for 708 Fremont St

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    Zoning
    900
    Rooms
    Bathroom 1, Bathroom 2, Bathroom 3
    Bathrooms
    3
    APN
    69007671
    Parking features
    Garage, Garage - Detached
    Size
    8,660 SF

    Utilities

    Heating system
    Baseboard, Forced Air, Natural Gas

    Building Details

    Year built
    1912
    Year renovated
    1912
    Floors in Building
    2
    Flooring type
    Hardwood, Tile
    Building materials
    Stucco
    Roof type
    Asphalt
    Architectural style
    Other

    HomeSmart Preferred Realty (719) 458-1345

    Listing agent Sam Banning (719) 458-1345

    Listing date Jul 16, 2025

    MLS# 11516017 Listing URL

    Copyright © 2025 My State MLS. 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 Unique 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. Murals adorn both the interior and exterior. Upgrades have been made to the electric, plumbing, and roof systems. The property could serve as an event center or restaurant. It includes a three-car garage and carport, situated on a completely fenced 3-acre lot. Over 2000 square feet of living space is built in. 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
    -105.023165
    Latitude
    38.429856

    Nearby Similar for Sale

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      Historic Building with Landmark Features

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    FAQs

    What type of property is this?
    Restaurant - Landmark building with high ceilings, wood beams, and brick.
    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**.; - Significant upgrades to electric, plumbing, and roof.; - Large **3-acre fenced property** with a three-car garage and carport.
    (719) 458-1345
    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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