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    12 Hotchkiss Ave Colona, CO 81403

    Sponsored
    For Sale
    $385,000

    Historic building, high traffic, turn-key business.

    Property size:
    739 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    337
    This exceptional mixed-use property, located at 12 Hotchkiss Avenue in Colona, Colorado, presents a unique investment opportunity. Situated on a 0.18-acre lot at the corner of Highway 550 and Main Street, this 739-square-foot building boasts a rich history as the site of Ouray County's first railroad stop, dating back to the 1880s. The property benefits from its strategic location on a major highway corridor, experiencing high traffic volume with an estimated 3.5 million vehicles passing annually. Currently configured as a turn-key business, it offers immediate income potential. The sale includes all equipment, fixtures, decorations, and furnishings. A significant advantage is the large back patio, providing exceptional views, and a convenient drive-thru. While the existing "Zona Colona" business is not included in the sale, the property's versatile layout and ample space allow for a variety of uses. The property also includes two or more lots, providing significant room for expansion. Recent construction of turn lanes on Highway 550 ensures easy access for customers. This is a rare chance to own a piece of Colona's history and capitalize on its prime location and high traffic count.

    Property Features for 12 Hotchkiss Ave

    General Information

    Property type
    Mixed-use properties
    Square Feet
    739 SF
    Lot Size
    7,841 SF

    Building Details

    Year Built
    1979
    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
    -107.7792
    Latitude
    38.32586

    Nearby Comparable

    • $1,195,000

      Commercial Building with Expansion Potential

      Commercial building with bar, restaurant, and expansion potential.
      35 Hotchkiss Ave, Montrose, CO 81403
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    • $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
    • $1,695,000
      7,240 SF

      MLS 788264. See the colonacolorado website for more info.""""}"""

      Colona Mixed-Use Commercial Property
      12-38 Hotchkiss Ave, Colona, CO 81403
      View Details
    • $449,000
      1.76 Acres

      High-Visibility Commercial Lot on Highway

      1.76-acre commercial lot with highway frontage near Montrose, Colorado.
      68671 Vernal Rd, Montrose, 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
    • $1,695,000
      7,240 SF

      MLS 788264. See the colonacolorado website for more info.""""}"""

      Colona Mixed-Use Commercial Property
      12-38 Hotchkiss Ave, Colona, CO 81403
      View Details

    FAQs

    What type of property is this?
    Mixed-use property - Historic building, high traffic, turn-key business.
    Where is this mixed-use property located?
    The property is located at 12 Hotchkiss Ave Colona, CO.
    What is the asking price?
    The asking price for this property is $385,000.
    Request Owner's contact information
    12 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 Hotchkiss Ave Colona, CO 81403
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