401-407 Commercial St Trinidad, CO 81082

Property Details for 401-407 Commercial St

Year built

1886

Lot size

0.12 lot acres

Property size

13,104 SF

Property type

Mixed-use properties

Description

This exceptional mixed-use property, located at 401-407 N Commercial Street in Trinidad, Colorado, presents a unique investment opportunity. The 13,104 square foot building sits on a 0.12-acre lot and boasts a blend of historic character and contemporary updates. The property is comprised of two ground-floor retail spaces currently leased, generating immediate income. Above the retail spaces are six fully renovated apartments, three of which are utilized as long-term rentals and three as short-term vacation rentals, providing diverse revenue streams. Each apartment unit features original hardwood flooring, adding to the building's inherent charm. Modern conveniences include hot water heating and newer appliances, ensuring comfort and appeal to tenants. The building's prime downtown location places it within walking distance of a vibrant array of shops, restaurants, and art galleries, enhancing its desirability and rental potential. Furthermore, the property has already undergone the process of being divided into individual condominiums, offering significant future income potential through individual sales or further rental management strategies. This turnkey investment is ready for a new owner to capitalize on its established income and significant upside. The asking price is $995,000.