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Live-Work Property with Residence

1150 Castello Avenue, Fairplay, CO 80440

For Sale
$690,000

Commercial, FAIRPLAY, CO

Property SizeContact for details
Lot Size0.65 Acres
Days on Market380

Property Features for 1150 Castello Avenue

General Information

Property type Commercial Sale
Property subtype Other
Pets allowed Yes
Subdivision FAIRPLAY JOHNSON ADDN
Lot features Level, Near Public Transit, Near Ski Area
Standard status Active
APN 410
Lot size 0.65 Acres

Additional Details

Mixed-Use Components commercial, residential

Taxes and HOA fees

Tax Year 2024
Tax Annual Amount 3981

Utilities

Heating system Natural Gas, Forced Air
Cooling system Ceiling Fan(s)

Building Details

Year built 1981
Roof type Asphalt
Listing Agency: LIV Sotheby's I.R. · Sotheby's International Realty
Listed By: Jeni Friedrich · License CO FA100039439
Added: Oct 30, 2025 Changed: Nov 11 Last Checked: Nov 13 at 11:06PM
MLS# S1064127

Copyright © 2026 Altitude REALTORS ®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

Rey
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Review the available facts, identify missing information and prepare questions for the agent.

Investment Insights

Based on property information with market context.

This live-work property pairs a commercial area with an upstairs, fully furnished three-bedroom, one-bathroom apartment. The commercial portion has front, rear, and side entrances, a private bathroom, and a kitchenette. A separate side office has its own entrance and French doors, offering additional enclosed space within the building.

The property encompasses 0.65 acres and is zoned Light Industrial. Off-street parking is available, and the heating system uses natural gas with forced-air distribution. Built in 1981, the building also includes ceiling fans for cooling.

Key Highlights

  • Upstairs apartment has 3 bedrooms and 1 bathroom
  • Commercial area includes front, rear, and side entrances, plus a private bathroom and kitchenette
  • Side office has a separate entrance and French doors

Property Analytics

Who owns this building? See the owner, sales and loan history
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Current Use

Live-work space

Suggested Use

Top Pick Parking Lot & Garage Bakery Furniture & Home Goods (Bike/Boat/Book/etc) Store Veterinary Clinic Tanning Salon

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

407
Businesses Nearby

Demographics for 80440, CO

2,564
Population
2,509
Households
1
Avg Household Size
43
Median Age
37%
College-Educated
98%
High-School Grad
324.6 sq mi
ZIP Area
8
Density / Sq Mi
$99,583
Median Household Income
$53,832
Median Earnings
$1,884
Median Rent
$448,700
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

Market

Vacancy Rate% for Office in West region

11% 2019
14.1% 2020
15.5% 2021
17.2% 2022
19.9% 2023
21% 2024
20.8% 2025

Frequently Asked Questions

What type of property is this?
Live-work space - Commercial space and an upstairs apartment combine business and residential functions in one property.
Where is this live-work space located?
The property is located at 1150 Castello Avenue Fairplay, CO.
What is the asking price?
The asking price for this property is $690,000.
What are key features of this property?
This property features: Upstairs apartment has 3 bedrooms and 1 bathroom; Commercial area includes front, rear, and side entrances, plus a private bathroom and kitchenette; Side office has a separate entrance and French doors
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