Current Use by Public Records
- Retail properties & Spaces
Property Details for 407 Warner Ave
- Year built
- 1915
- Property type
- Retail properties & Spaces
- Property subtype
- Restaurants
Description
This exceptional mixed-use commercial property, located at 407 Warner Ave in Olney Springs, Colorado, presents a unique investment opportunity. The building, constructed in 1915, boasts a total of 2,409 square feet of net rentable space spread across two stories. The property is zoned for commercial use and sits on a 4,356 square foot lot (APN: 10400405). Currently configured as a convenience store, restaurant, and storefront, this versatile space offers significant potential for a variety of businesses. The asking price is $74,900, translating to $31.09 per square foot. The building consists of two units, making it ideal for owner-occupancy or rental income generation. Its location on Colorado Highway 96 ensures high visibility and accessibility, making it an attractive option for businesses seeking a prominent presence in Olney Springs. The property's history includes use as a diner/restaurant, suggesting a strong foundation for food-related ventures. The building's Class D designation reflects its age and potential for renovation or modernization, offering an opportunity to increase value and tailor the space to specific business needs. This is a rare chance to acquire a well-situated commercial property in a growing area at an attractive price point. The property's versatility and prime location make it a compelling investment for both seasoned and aspiring entrepreneurs.
Value Estimations
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Location Insight
- Map
- Local Demand
- City
- Olney Springs
- County
- Crowley
- State
- Colorado
- Longitude
- -103.945
- Latitude
- 38.1657
