102 Main St Creede, CO 81130

This exceptional investment opportunity presents a 2,500-square-foot retail building situated on a half-acre lot at 102 Main Street in the vibrant town of Creede, Colorado. The property boasts two established, separately operating retail spaces currently occupied by a T-shirt shop and an olive oil store, both benefiting from high tourist traffic in this historic mining town. An interior connecting door allows for potential consolidation into a single, larger retail space. Each tenant has its own electric meter, and utilities include electricity, a pellet stove, municipal water and sewer, and phone service. The Creede Olive Oil shop generates a consistent $1300 monthly rent. The T-shirt shop, while exhibiting a very high return rate, requires continued operation as a T-shirt store to maximize the building's income potential. The property's location on Main Street places it at the heart of Creede's bustling tourist activity, attracting visitors drawn to the town's unique shops and rich history. Creede's popularity as a vacation destination and outdoor recreation hub, coupled with the annual Creede Repertory Theater season, ensures a steady stream of visitors throughout the year. This presents a compelling investment opportunity with projected annual returns of 15% to 20%, making it an attractive addition to any portfolio. The property offers a blend of established income and significant upside potential in a picturesque, high-demand location.