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    500 Goddard Ave Ignacio, CO 81137

    Sponsored
    For Sale
    $369,000

    Busy downtown location, 3,750 sq ft, potential for high returns.

    Property size:
    3,750 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    338
    This exceptional retail opportunity is located at the heart of Ignacio, CO, on the bustling corner of Highway 172 and Goddard Avenue, directly across from the Farmer's Fresh Market. The 3,750 square foot building enjoys a prime location between the Library and Elhi Community Center, ensuring high visibility and foot traffic. Currently configured as a large open floor plan, the space includes a dedicated office area and three bathrooms. A significant advantage is the inclusion of a separate 600 square foot rental space with its own access, previously leased for $600 per month as a takeout/delivery restaurant. This presents an immediate income stream or the potential for expansion. While the interior requires updating—including floors, heating, plumbing, and electrical systems—the building's strategic location and versatile layout offer substantial upside potential. Off-street parking is available on the north side of the property. The 0.13-acre lot provides ample space for potential future development or outdoor seating. The seller is open to financing options for qualified buyers, considering a down payment of $100,000 with market interest rates and terms, including a balloon payment between the third and fifth year. A 60-90 day occupancy period is required after closing to allow for the seller's relocation. This is a rare opportunity to acquire a high-traffic retail property in a thriving Colorado community.

    Property Features for 500 Goddard Ave

    General Information

    Property type
    Retail properties
    Square Feet
    3,750 SF
    Lot Size
    5,663 SF

    Building Details

    Year Built
    1929
    Location Intelligence

    Current Use by Public Records

    Retail properties

    Suggested Use

    Wholesale Shop Gym & Fitness Department Store HVAC Service Restaurant Bar & Pub Electrical Service Women's Store Computer & Electronic Repair Tech Support Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Ignacio
    County
    La Plata
    State
    Colorado
    Longitude
    -107.633
    Latitude
    37.11594

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    FAQs

    What type of property is this?
    Retail property - Busy downtown location, 3,750 sq ft, potential for high returns.
    Where is this retail property located?
    The property is located at 500 Goddard Ave Ignacio, CO.
    What is the asking price?
    The asking price for this property is $369,000.
    Request Owner's contact information
    500 Goddard Ave Ignacio, CO 81137
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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

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    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
    500 Goddard Ave Ignacio, CO 81137
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