Current Use by Public Records
- Mixed-use properties
Property Details for 243 Main St
- Year built
- 1978
- Lot size
- 0.12 lot acres
- Property type
- Mixed-use properties
Description
This exceptional mixed-use property, located at 243-247 South Main Street in Creede, Colorado, presents a unique investment opportunity. The 3,178 square foot building sits on a 0.12-acre lot and boasts a thriving commercial presence. Two established retail shops, each equipped with a half-bath, currently operate successfully within the building. Adding to the income potential are two separately rented apartments, a profitable kiosk, and a versatile workshop/storage area. The property's versatility allows for owner-occupancy, combining living and working spaces, or maximizing rental income by leasing each section individually. Three commercial water taps provided by the City of Creede offer significant flexibility and potential for expansion. The current inventory of both retail shops is available for purchase separately, alongside the property itself. This turnkey operation provides immediate income streams from both the retail and residential components, making it an attractive proposition for savvy investors seeking a high-return, established business in a desirable Colorado location. The property's prime Main Street location ensures high visibility and foot traffic, further enhancing its commercial appeal. This is a rare opportunity to acquire a well-established and profitable mixed-use property in the heart of Creede.
Value Estimations
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AI approach
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Creede
- County
- Mineral
- State
- Colorado
- Longitude
- -106.927
- Latitude
- 37.8513
