516 Elm St Trinidad, CO 81082
- Commercial real estate
- 5,045 SF
- 1.76 lot acres
Current Use by Public Records
- Commercial real estate
Property Details for 516 Elm St
- Year built
- 1934
- Lot size
- 1.76 lot acres
- Property size
- 5,045 SF
- Property type
- Commercial real estate
Description
This unique 5,045 sq ft property, housed in a beautifully restored train depot, presents a compelling investment opportunity in Trinidad, CO. Situated on a 1.76-acre lot, it boasts a fully equipped commercial kitchen, bar, ample seating, high ceilings, and ADA-compliant bathrooms. Recent upgrades include a new walk-in cooler and keg tap system, updated entryway and vestibule, new lighting throughout, and a new roof. The property also features a spacious 7,636 sq ft fenced brick patio with new irrigated landscaping and ample parking. A separate retail space is currently leased, generating immediate income. The sale includes schematic plans approved by the city for the construction of twelve townhomes on the vacant portion of the lot. The property is conveniently located near downtown and the river trail. A liquor license is available for transfer. This blend of historic charm and modern amenities offers significant potential for a variety of uses. Available for sale or lease.
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
- Trinidad
- County
- Las Animas
- State
- Colorado
- Longitude
- -104.501
- Latitude
- 37.171
