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    625 Platte Ave Fort Morgan, CO 80701

    For Sale
    $695,000

    Fully leased, high-traffic retail investment.

    Property size:
    4,400 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    370
    This exceptional investment opportunity presents a fully leased, 4,400 square foot mixed-use building situated on a 0.29-acre lot at 625 W Platte Ave in Fort Morgan, Colorado. The property boasts three (3) units currently occupied by Skin By Margo, DD Nail Spa, and Salon MVP, under gross leases with lease expirations spanning 2025, 2026, and 2028, ensuring consistent cash flow. The building, constructed in 1981, is a single-story structure with B-1 (Mixed Use Business) zoning. Located near the intersection of W Platte Ave and West St, this high-visibility location benefits from approximately 7,800 vehicles passing daily, providing excellent exposure for the tenants. The asking price is $695,000, translating to $157.95 per square foot. This prime retail investment offers a strong return in a thriving Fort Morgan community, characterized by its welcoming atmosphere and diverse economy. The property's 100% occupancy rate and long-term lease agreements make it an attractive option for investors seeking stable income and potential appreciation. This is a rare opportunity to acquire a well-established, multi-tenant retail property in a desirable location.

    Property Features for 625 Platte Ave

    General Information

    Property type
    Individual retail properties
    Square Feet
    4,400 SF
    Lot Size
    12,632 SF

    Building Details

    Year Built
    1981
    Buildings
    1
    Stories
    1
    Units
    3

    HighLights

    • $695,000 asking price for a fully leased mixed‑use property.
    • Three (3) units totaling 4,400 square feet, currently 100% occupied by three (3) tenants: Skin By Margo, DD Nail Spa, and Salon MVP.
    • Located at 625 W Platte Ave, Fort Morgan, CO 80701, a high‑traffic area with approximately 7,800 vehicles per day.
    • Gross lease structure with lease expirations spanning 2025, 2026, and 2028.
    • 0.29‑acre lot with B‑1 (Mixed Use Business) zoning.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Daylight Donuts Donut Shop Papa Murphy's | Take ... Pizza Restaurant Salon MVP & Boutique Beauty Salon DD Nail Spa ... Nail Salon Skin By Margo Spa

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Fort Morgan
    County
    Morgan
    State
    Colorado
    Longitude
    -103.8102668301
    Latitude
    40.254065137638

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    FAQs

    What type of property is this?
    Individual retail property - Fully leased, high-traffic retail investment.
    Where is this individual retail property located?
    The property is located at 625 Platte Ave Fort Morgan, CO.
    What is the asking price?
    The asking price for this property is $695,000.
    What are key features of this property?
    This property features: $695,000 asking price for a fully leased mixed-use property.; Three (3) units totaling 4,400 square feet, currently 100% occupied by three (3) tenants: Skin By Margo, DD Nail Spa, and Salon MVP.; Located at 625 W Platte Ave, Fort Morgan, CO 80701, a high-traffic area with approximately 7,800 vehicles per day.
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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
    625 Platte Ave Fort Morgan, CO 80701
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