215-217 7Th St Walsenburg, CO 81089
This exceptional commercial property, located at 215-217 W 7th St in Walsenburg, Colorado, presents a unique investment opportunity. Boasting a substantial 9,506 square feet on a 0.6-acre lot (APN 28680, 36679), this property offers significant development potential. The existing structures, a former feed store and a newer steel building, may be repurposable, though the true value lies in the land itself. Situated on W 7th Street/US Hwy 160, this highly visible location benefits from an estimated annual vehicle traffic count exceeding 2.7 million, placing it near national retailers, gas stations, and grocery stores. The Community Commercial zoning permits mixed-use development, catering to the high demand for housing, hotels, and short-term rentals in this thriving area. Walsenburg's strategic position at the crossroads of I-25, US Hwy 160, and State Highways 10 and 69 creates a diverse trade area encompassing commercial, commuter, and tourism traffic. Built in 1882, the single-story property offers significant flexibility for redevelopment. This is an ideal location for investors seeking to capitalize on the growing demand in Southern Colorado's affordable market. The property is currently undergoing cleanup. Asking price is $299,000.
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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No recorded transactions found for this property.
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Risks
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