350 Front St Byers, CO 80103
This 11,000 square foot commercial building, situated on a 0.27-acre lot at 350 W Front Street in Byers, CO, presents a unique investment opportunity. Originally constructed in the early 1900s, this historically significant structure boasts a rich past, having served as a mercantile, grocery store, Packard dealership, and most recently, a bed and breakfast. While the building's interior requires significant renovation, its substantial size and versatile B-3 zoning offer almost limitless potential for redevelopment. The building's history includes a fire in 1930, which resulted in its reconstruction as a single-story building, retaining a 5,500 square foot lower level. Subsequent uses included a grocery store, beauty shop, and a Packard dealership. From 1995 to 2013, it operated as a feed and ranch supply store. Later converted into a seven-room bed and breakfast, the property has been red-tagged due to unpermitted renovations. A core and shell plan and permit are recommended before undertaking any interior finishing work. The property's location in Byers, CO, offers access to the High Plains Raceway and presents opportunities for various commercial ventures. This is a chance to acquire a piece of Byers' history and transform it into a thriving business. The property is priced at $415,000.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
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