443 Commercial St Trinidad, CO 81082
- Retail properties
- 13,419 SF
Current Use by Public Records
- Retail properties
Property Details for 443 Commercial St
- Year built
- 1900
- Property size
- 13,419 SF
- Property type
- Retail properties
- Property subtype
- Restaurants
Description
This exceptional commercial property at 443 N Commercial St, Trinidad, CO 81082, presents a unique investment opportunity. The 13,419 square foot building, constructed in 1900, sits on a 5,850 square foot lot and is zoned for commercial use. Currently operating as Almack's Kitchen, a highly successful restaurant, the property boasts a net rentable area of 5,120 square feet, with an asking price of $709,000 ($52.84 per square foot). The sale includes all kitchen equipment, a walk-in refrigerator, and essential supplies. A significant advantage is the existing building permit and comprehensive construction documents for the development of seven apartments on the second floor, offering potential for substantial rental income diversification. The current lease provides more than sufficient revenue to cover building expenses, with annual rental increases. This two-story building presents a rare chance to acquire a thriving restaurant business with significant upside potential through residential unit development. The property's prime location in Trinidad, Colorado, ensures strong visibility and consistent customer traffic. This is a turnkey operation ready for immediate income generation and future expansion.
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
- Trinidad
- County
- Las Animas
- State
- Colorado
- Longitude
- -104.507
- Latitude
- 37.172
