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    1655 Grand Ave Norwood, CO 81423

    For Sale
    $249,000

    Prime .2-acre lot, high visibility, 8,712 sqft.

    Property size:
    8,712 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    315
    This exceptional 0.2-acre lot, situated at 1655 Grand Avenue in the heart of Norwood, Colorado, presents a unique investment opportunity. Boasting a generous 8,712 square feet, this prime Main Street location offers unparalleled visibility and accessibility, making it ideal for a mixed-use development. The property's strategic positioning within a vibrant downtown area ensures high foot traffic and exposure to a diverse clientele. The surrounding area features a blend of established businesses, residential properties, and local amenities, creating a dynamic and thriving community. This lot is perfectly suited for a building combining commercial space on the ground floor with residential units above, catering to the diverse needs of the neighborhood. The inclusion of water and sewer taps simplifies the development process, reducing initial costs and accelerating project timelines. This rare opportunity to acquire a Main Street property in Norwood presents a significant chance to establish a lasting presence in a highly desirable location. The scarcity of such properties, coupled with its exceptional location and high potential for return on investment, makes this a truly remarkable opportunity for discerning investors.

    Property Features for 1655 Grand Ave

    General Information

    Property type
    Mixed-use properties
    Square Feet
    8,712 SF
    Lot Size
    8,712 SF
    Property Profile Location Intelligence

    Current Use by Public Records

    Mixed-use properties

    Map

    City
    Norwood
    County
    San Miguel
    State
    Colorado
    Longitude
    -108.2889
    Latitude
    38.13082

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    FAQs

    What type of property is this?
    Mixed-use property - Prime .2-acre lot, high visibility, 8,712 sqft.
    Where is this mixed-use property located?
    The property is located at 1655 Grand Ave Norwood, CO.
    What is the asking price?
    The asking price for this property is $249,000.
    Request Owner's contact information
    1655 Grand Ave Norwood, CO 81423
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    Norwood, CO 81423
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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
    1655 Grand Ave Norwood, CO 81423
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