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401-407 Commercial St Trinidad, CO 81082

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For Sale
$995,000

Historic Charm, Modern Amenities, High Returns

Property size:
13,104 SF

Property Features for 401-407 Commercial St

General Information

Property type
Mixed-use properties
Square Feet
13,104 SF
Lot Size
5,227 SF

Building Details

Year Built
1886

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Listing Contact
Sarah Manshel
Sarah Manshel

Listing Agency: eXp Realty, LLC Listing Agent: Sarah Manshel

Displayed information is deemed reliable but is not guaranteed and should be independently verified.

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Overview

This exceptional mixed-use property, located at 401-407 N Commercial Street in Trinidad, Colorado, presents a unique investment opportunity. The 13,104 square foot building sits on a 0.12-acre lot and boasts a blend of historic character and contemporary updates. The property is comprised of two ground-floor retail spaces currently leased, generating immediate income. Above the retail spaces are six fully renovated apartments, three of which are utilized as long-term rentals and three as short-term vacation rentals, providing diverse revenue streams. Each apartment unit features original hardwood flooring, adding to the building's inherent charm. Modern conveniences include hot water heating and newer appliances, ensuring comfort and appeal to tenants. The building's prime downtown location places it within walking distance of a vibrant array of shops, restaurants, and art galleries, enhancing its desirability and rental potential. Furthermore, the property has already undergone the process of being divided into individual condominiums, offering significant future income potential through individual sales or further rental management strategies. This turnkey investment is ready for a new owner to capitalize on its established income and significant upside. The asking price is $995,000.
Property Profile Location Intelligence

Current Use by Public Records

Mixed-use properties

Suggested Use

Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Pharmacy

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

Location Insight

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City
Trinidad
County
Las Animas
State
Colorado
Longitude
-104.5071
Latitude
37.17121

FAQs

What type of property is this?
Mixed-use property - Historic Charm, Modern Amenities, High Returns
Where is this mixed-use property located?
The property is located at 401-407 Commercial St Trinidad, CO.
What is the asking price?
The asking price for this property is $995,000.
More about this property
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