Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search

    316 Prospect St Trinidad, CO 81082

    For Sale
    $325,000

    Established grocery store, high traffic area.

    Property size:
    2,024 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    361
    This exceptional opportunity presents a thriving grocery store in Trinidad, Colorado. Located at 316 Prospect St, this 2,024 square foot retail space sits on a 0.36-acre lot (APN 12998000) with Commercial zoning. Currently operating at 100% occupancy under a NNN lease, this single-tenancy property boasts a prime location, benefiting from high traffic volume due to its proximity to Highway 12 and a local college. The business has enjoyed over 27 years of successful operation and is now offered for sale at $325,000. The property's strategic placement near Grand Rental and Domino's Pizza ensures high visibility and accessibility. This established business offers a turnkey operation with significant potential for continued growth within the revitalized historic Trinidad business district. The expansive 15,625 square foot lot provides ample space and opportunity for future expansion or development. All city amenities are readily available. This is an exceptional opportunity for an entrepreneur looking to capitalize on a well-established business in a desirable location. The property's history of success, combined with its prime location and substantial lot size, makes it an attractive investment.

    Property Features for 316 Prospect St

    General Information

    Property type
    Individual retail properties
    Square Feet
    2,024 SF
    Lot Size
    15,682 SF

    HighLights

    • Thriving grocery store in Trinidad, CO, with 27+ years of successful operation.
    • 2,024 sq ft retail space on a 0.36‑acre lot (APN 12998000) with Commercial zoning.
    • 100% occupancy under a NNN lease; $325,000 asking price.
    • Prime location near Highway 12 and a local college, offering high visibility and traffic.
    Property Profile Location Intelligence

    Current Use by Public Records

    Grocery and convenience stores

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

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

    Location Insight

    • Map
    • Local Demand
    City
    Trinidad
    County
    Las Animas
    State
    Colorado
    Longitude
    -104.5134643
    Latitude
    37.1692921

    Nearby Similar for Sale

    • $950,000
      27,177 SF

      Commercial Building on Main Street

      Expansive commercial property with high visibility and income potential.
      426-430 E Main St, Trinidad, CO 81082
      View Details
    • $990,000
      5,045 SF

      Brew Pub & Restaurant Space

      Turnkey restaurant and brew pub on 2.39 acres.
      516 E Elm St, Trinidad, CO 81082
      View Details
    • $450,000
      4,208 SF

      Mixed-Use Corner Lot in Trinidad

      Commercial and residential income property in the heart of Trinidad.
      1000 Arizona Ave, Trinidad, CO 81082
      View Details
    • $750,000
      0.61 Acres

      Updated Commercial Space, Trinidad, CO

      Versatile commercial space with modern upgrades in downtown Trinidad.
      323 N Commercial St, Trinidad, CO 81082
      View Details
    • New
      $675,000
      0.31 Acres

      Commercial Building with Established Tenant

      Well-maintained commercial property in Trinidad, Colorado, with reliable tenant.
      441 University St, Trinidad, CO 81082
      View Details
    • $6,704,950
      36,840 SF

      Trinidad Cannabis Cultivation Facility

      Premier cannabis cultivation facility on 144.2 acres in Trinidad, Colorado.
      36900 No Site Address, Trinidad, CO 81082
      View Details

    FAQs

    What type of property is this?
    Individual retail property - Established grocery store, high traffic area.
    Where is this individual retail property located?
    The property is located at 316 Prospect St Trinidad, CO.
    What is the asking price?
    The asking price for this property is $325,000.
    What are key features of this property?
    This property features: Thriving grocery store in Trinidad, CO, with 27+ years of successful operation.; 2,024 sq ft retail space on a 0.36-acre lot (APN 12998000) with Commercial zoning.; 100% occupancy under a NNN lease; $325,000 asking price.
    Request Owner's contact information
    316 Prospect St Trinidad, CO 81082
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    316 Prospect St
    Trinidad, CO 81082
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    316 Prospect St Trinidad, CO 81082
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.