516 Elm St Trinidad, CO 81082
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.
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
Similar Nearby for Lease
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.