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    121 4Th St Leadville, CO 80461

    For Sale
    $625,000

    Rare 3-lot commercial/residential building.

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    316
    This exceptional Leadville property, located at 121 W 4th Street Unit 121, presents a unique investment opportunity. Situated on a sizable 0.21-acre lot encompassing three city lots, this versatile building offers significant potential. Its zoning as transitional residential allows for flexible use, accommodating both commercial and residential purposes, or a combination of both. The structure itself boasts a solid concrete foundation and has undergone a recent, comprehensive remodel. Improvements include new insulation, drywall, and paint throughout, ensuring a fresh and modern interior. The plumbing system is also entirely new. The heart of the home is a beautifully updated, open-concept kitchen, perfect for modern living or commercial use. The property's meticulous upkeep is evident throughout, showcasing the owner's dedication to maintaining its high quality. A spacious living room greets you upon entry, providing an inviting atmosphere. The layout includes three bedrooms and one full bathroom, offering ample space for various needs. This property's prime location, combined with its flexible zoning and recent renovations, makes it an ideal investment for discerning buyers seeking a versatile and well-maintained commercial or mixed-use space in the vibrant city of Leadville, Colorado. The asking price is $625,000.

    Property Features for 121 4Th St

    General Information

    Property type
    Other commercial real estate
    Lot Size
    9,148 SF

    Building Details

    Year Built
    1957
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Leadville
    County
    Lake
    State
    Colorado
    Longitude
    -106.2921
    Latitude
    39.24655

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    FAQs

    What type of property is this?
    Commercial real estate - Rare 3-lot commercial/residential building.
    Where is this commercial real estate located?
    The property is located at 121 4Th St Leadville, CO.
    What is the asking price?
    The asking price for this property is $625,000.
    (303) 918-2552
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    121 4Th St Leadville, CO 80461
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    Leadville, CO 80461
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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
    121 4Th St Leadville, CO 80461
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