136 Old Stage Rd Salida, CO 81201
This exceptional mixed-use property in Salida, Colorado presents a unique investment opportunity. Located in the desirable Two Rivers neighborhood within The Commons, a walkable mixed-use community, this property boasts a prime location just east of the intersection of Highways 50 and 291. The offering includes a 1,000-square-foot ground-level commercial space, perfect for a variety of retail businesses. The space features one bathroom. A separate residential condo is also available, totaling 931 square feet and offering two bedrooms, one and a half bathrooms, high ceilings, hardwood floors, quartz countertops, and tile bathrooms. A gas fireplace and large windows add to the condo's appeal, with a patio providing stunning views of the Little Arkansas River. The condo's south-facing exposure maximizes natural light and river views. The commercial space and condo are situated on a 0.26-acre lot and share a building, with the potential to be connected internally. The commercial space is listed at $350,000. The property is part of the new Mayfly Salida development, a modern, multi-use complex in a highly sought-after area. The Commons offers 500 feet of gorgeous river frontage, enhancing the overall appeal and desirability of this exceptional investment.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
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Risks
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