Main St Ordway, CO 81063
- Commercial real estate
- 5,800 SF
- 0.16 lot acres
Current Use by Public Records
- Commercial real estate
Property Details for Main St
- Year built
- 1910
- Lot size
- 0.16 lot acres
- Property size
- 5,800 SF
- Property type
- Commercial real estate
Description
This beautifully renovated 5,800 sq ft commercial property in Ordway, CO, presents a unique investment opportunity with multiple income streams. Located on Main Street, the property sits on a 0.16-acre lot and is currently generating significant rental income. The commercial space includes a charming cafГ©, complete with equipment, and additional rentable space. The residential component features a remodeled main-level apartment and a large upstairs apartment rented by the room. The property boasts attractive features such as exposed brick, a unique bank safe pantry, a yard with chickens, and a garage. The current rental income potential is estimated at $4,400 per month, offering a substantial cash flow for the investor. This turnkey operation requires minimal effort to maintain its current high occupancy and income levels, making it an ideal investment for those seeking a diversified portfolio with both commercial and residential income streams. The asking price is $555,000. This property offers a rare blend of commercial and residential income in a desirable location.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Ordway
- County
- Crowley
- State
- Colorado
- Longitude
- -103.859
- Latitude
- 38.1942
