220-222 1St St Ault, CO 80610
This exceptional Ault, CO investment opportunity comprises two adjoining commercial buildings totaling 5,550 square feet on a 0.14-acre lot. Located on Ault's bustling 1st Street, this property boasts 50 feet of prime retail frontage. The first building, 220 1st Street, is a single-story, 1,850 square foot structure featuring a 58' deep by 25' wide retail space and additional 15' deep by 25' wide back-of-house area. The second building, 222 1st Street, is a two-story, 3,700 square foot building with ground-floor retail space measuring 38' deep by 23' wide. This building also includes a central restroom core and a separate 23' x 23' rear flex space equipped with a kitchen, bath, and laundry facilities, accessible via its own rear entrance. Upstairs, an additional 1,850 square feet of unfinished flex space presents a significant value-add opportunity, complete with rough-ins for a kitchen and bathroom. The property features gravel patio and parking areas at the rear. All measurements are approximate. This property is ideally suited for owner-users and investors seeking a high-visibility location with significant potential for growth and development. The asking price is $525,000.
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
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
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Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.