407 Warner Ave Olney Springs, CO 81062

Property Details for 407 Warner Ave

Year built

1915

Property size

2,409 SF

Property type

Retail properties

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.

Location Insight

City

Olney Springs

County

Crowley

State

Colorado

Longitude

-103.945

Latitude

38.1657