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    301 Broadway Ave Alamosa, CO 81101

    For Sale
    $995,000

    7.5 Acres, 20 Units, High Cash Flow

    Property size:
    483 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    312
    This exceptional 7.5-acre mixed-use property in Alamosa, Colorado, presents a rare investment opportunity. Situated on the Rio Grande River with over 1,000 feet of river frontage, this location boasts high visibility and accessibility. The property currently generates immediate cash flow from its existing 20 residential and commercial units, a 483 square foot building. A significant advantage is the existing CDOT access permit allowing for the development of up to 40 mobile home park units. The property's prime location directly across the river from Alamosa's city hall and library complex, with convenient pedestrian bridge access to Cole Park, ensures high traffic and visibility. The high average annual daily traffic count of 15,000 vehicles further enhances its commercial potential. This versatile property offers numerous redevelopment possibilities, including a restaurant, RV resort, or multi-family housing development, capitalizing on the strong demand and desirable location. The substantial acreage and riverfront location provide ample space for expansion and future development, making this a truly unique and lucrative investment opportunity. The property is priced at $995,000.

    Property Features for 301 Broadway Ave

    General Information

    Property type
    Mixed-use properties
    Square Feet
    483 SF
    Lot Size
    326,700 SF
    Property Profile Location Intelligence

    Current Use by Public Records

    Cutting Edge Beauty Salon

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

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

    Location Insight

    • Map
    • Local Demand
    City
    Alamosa
    County
    Alamosa
    State
    Colorado
    Longitude
    -105.8605
    Latitude
    37.47198

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    FAQs

    What type of property is this?
    Mixed-use property - 7.5 Acres, 20 Units, High Cash Flow
    Where is this mixed-use property located?
    The property is located at 301 Broadway Ave Alamosa, CO.
    What is the asking price?
    The asking price for this property is $995,000.
    Request Owner's contact information
    301 Broadway Ave Alamosa, CO 81101
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    Alamosa, CO 81101
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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
    301 Broadway Ave Alamosa, CO 81101
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