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    12-38 Hotchkiss Ave Colona, CO 81403

    For Sale
    $1,695,000

    Colona Mixed-Use Commercial Property

    Property size:
    7,240 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    306
    Historic Colona Gem: Unique Investment Opportunity

    Property Features for 12-38 Hotchkiss Ave

    General Information

    Property type
    Mixed-use properties
    Square Feet
    7,240 SF
    Lot Size
    28,314 SF
    Property Profile Location Intelligence

    Current Use by Public Records

    Mixed-use properties

    Suggested Use

    Hotel & Motel Department Store Kitchen & Bath Grocery Store Convenience Store Bakery Bed & Breakfast Plumbing Service

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

    Location Insight

    • Map
    • Local Demand
    City
    Colona
    County
    Ouray
    State
    Colorado
    Longitude
    -107.78
    Latitude
    38.32584

    Nearby Comparable

    • $1,695,000
      7,240 SF

      Colona Commercial Gem: Historic Charm

      Unique Commercial Property, High-Traffic Location
      12-38 Hotchki, Colona, CO 81403
      View Details
    • $1,195,000

      Commercial Building with Expansion Potential

      Commercial building with bar, restaurant, and expansion potential.
      35 Hotchkiss Ave, Montrose, CO 81403
      View Details
    • $385,000
      739 SF

      Prime Colona Mixed-Use Corner Lot

      Historic building, high traffic, turn-key business.
      12 Hotchkiss Ave, Colona, CO 81403
      View Details

    Nearby Similar for Sale

    • $1,695,000
      7,240 SF

      Colona Commercial Gem: Historic Charm

      Unique Commercial Property, High-Traffic Location
      12-38 Hotchki, Colona, CO 81403
      View Details
    • $385,000
      739 SF

      Prime Colona Mixed-Use Corner Lot

      Historic building, high traffic, turn-key business.
      12 Hotchkiss Ave, Colona, CO 81403
      View Details

    FAQs

    What type of property is this?
    Mixed-use property - Colona Mixed-Use Commercial Property
    Where is this mixed-use property located?
    The property is located at 12-38 Hotchkiss Ave Colona, CO.
    What is the asking price?
    The asking price for this property is $1,695,000.
    Request Owner's contact information
    12-38 Hotchkiss Ave Colona, CO 81403
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    Colona, CO 81403
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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
    12-38 Hotchkiss Ave Colona, CO 81403
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