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Live/Work Space in Fairplay
For Sale
$575,000

1150 Castello Ave, Fairplay, CO 80440

Commercial space with residence in established location with easy access.

Property SizeContact for details
Lot Size0.65 Acres
Days on Market508

Property Features for 1150 Castello Ave

General Information

Standard status Active
Lot size 0.65 Acres
Listing Agency: LIV Sothebys International Realty- Breckenridge
Listed By: Jeni Friedrich
Source: Exprealty
Added: Mar 18, 2025 Changed: Jul 6 Last Checked: Jul 31 at 3:42PM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of LIV Sothebys International Realty- Breckenridge

Investment Insights

Based on property information with market context.

This property offers a commercial space with an upstairs 3-bedroom, 1-bath residence, providing a live-and-work opportunity. The commercial space features a main entry, back and side entries, a private bath, and a kitchenette area. A side office with private access and French doors can serve as an additional commercial space, conference room, or flex space. The back stairs lead to a spacious, fully furnished 3-bedroom, 1-bath apartment with a gas fireplace and wood floors, ready for immediate occupancy. The property is located in an established location with easy access and off-street parking. The zoning is Light Industrial, allowing for various potential future uses, including continuing as a business services company or retail storefront. The Town of Fairplay offers business incentive programs to help start commercial ventures. This property is located in a growing community.

Key Highlights

  • Established commercial location with easy access and off‑street parking.
  • Live/work opportunity:** commercial space downstairs with a fully furnished 3 bed/1 bath apartment upstairs.
  • Commercial space includes multiple entries, private bath, and kitchenette.

Property Analytics

Current Use

Live-work space

Suggested Use

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

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

397
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

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
Rey
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Frequently Asked Questions

What type of property is this?
Live-work space - Commercial space with residence in established location with easy access.
Where is this live-work space located?
The property is located at 1150 Castello Ave Fairplay, CO.
What is the asking price?
The asking price for this property is $575,000.
What are key features of this property?
This property features: Established commercial location with easy access and off‑street parking.; Live/work opportunity:** commercial space downstairs with a fully furnished 3 bed/1 bath apartment upstairs.; Commercial space includes multiple entries, private bath, and kitchenette.
More about this property
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