Current Use by Public Records
- Retail properties & Spaces
Property Details for 516 Elm St
- Property type
- Retail properties & Spaces
- Property subtype
- Restaurants
Description
This exceptional investment opportunity presents a beautifully restored historic train depot, ideally located at 516 E Elm Street, Trinidad, CO 81082. The property boasts a fully equipped commercial kitchen, a well-established bar area with ample seating, and high ceilings, all contributing to a unique and inviting atmosphere. Modern conveniences include ADA-compliant bathrooms and recently upgraded features such as a new walk-in cooler, a state-of-the-art keg tap system with new lines, a renovated entryway and vestibule, updated lighting throughout, and a brand-new roof. The property also includes a spacious, fenced brick patio (7,636 sq ft) with new irrigated landscaping and mature trees, providing ample outdoor space. Ample parking is also available. A separate retail space is currently leased, generating immediate income. Further enhancing the investment potential, approved schematic plans for twelve townhomes on the adjacent vacant lot are included in the sale. This 1.76-acre property is conveniently located near downtown Trinidad and the river path, offering exceptional visibility and accessibility. The asking price is $1,071,250. The property is available for sale or lease.
Value Estimations
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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
- -104.501
- Latitude
- 37.171
