704 Ln Garita St Creede, CO 81130
This exceptional Creede, CO property offers a unique investment opportunity. The 0.75-acre lot boasts 200 feet of Highway 149 frontage, ensuring high visibility for any business. The existing 3,710 square foot commercial building, built in 1949, features hardwood floors and some commercial kitchen equipment, ideal for a restaurant or bar. The property includes 11 city lots, zoned for both commercial and residential use, presenting diverse development potential. Year-round access is provided, along with city water, sewer, and electric utilities. The stunning mountain views and location on the main thoroughfare leading into Creede from South Fork and Lake City make this a highly desirable location with significant traffic flow. This property presents a rare chance to own a substantial piece of Creede's commercial landscape, offering immediate income potential and long-term development possibilities. The property's size and zoning flexibility allow for a wide range of uses, from expanding the existing business to creating additional commercial spaces or residential units. This is a truly remarkable opportunity in a vibrant mountain community.
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
Similar Nearby for Sale
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.