15560 Co-115 Penrose, CO 81240
- Retail properties
- 2,982 SF
- 8.00 lot acres
Current Use by Public Records
- Retail properties
Property Details for 15560 Co-115
- Year built
- 1948
- Lot size
- 8.00 lot acres
- Property size
- 2,982 SF
- Property type
- Retail properties
- Property subtype
- Office Properties & Spaces
Description
This exceptional 8-acre Penrose, CO property offers a unique blend of commercial and residential potential. The main building, a 2,982 sq ft restaurant with a commercial kitchen and 3.5 bathrooms, enjoys a prime location on State Highway 115, boasting 650 feet of highway frontage and an average daily traffic count of 11,000 vehicles. Two convenient access points enhance visibility and accessibility. The property also includes a substantial 2,084 sq ft, 5-bedroom, 4-bathroom home, a 30' x 50' shop equipped for large machinery, and two 10' x 30' modular sheds. Ample parking accommodates large events, with a capacity of 100 spaces. The property features three water taps, three electric taps, and two gas meters. Built in 1948, this multi-unit property sits on a commercially zoned lot, offering almost unlimited permitted uses, including multi-family dwellings, subject to special review. The asking price is $875,000, with a price per square foot of $293.43. The property is currently 100% occupied. APN: 69003750. This is an owner-user investment opportunity.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Penrose
- County
- Fremont
- State
- Colorado
- Longitude
- -105.024
- Latitude
- 38.4348
