407 Warner Ave Olney Springs, CO 81062
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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.