49348 Us Highway 285 Grant, CO 80448
- Drug stores
- 1,500 SF
- 0.41 lot acres
Current Use by Public Records
- Drug stores
Property Details for 49348 Us Highway 285
- Year built
- 1953
- Lot size
- 0.41 lot acres
- Property size
- 1,500 SF
- Property type
- Drug stores
- APN
- R0017260
- APU
- R0017260
Description
This exceptional Grant, Colorado commercial property offers a unique blend of retail and residential space. Situated on a 0.41-acre lot along the scenic North Fork South Platte River, the property features a 4,644 square foot building currently configured as a licensed recreational marijuana dispensary and a duplex. The main commercial building boasts a fully intact commercial kitchen and bar, remnants from its previous life as a restaurant/bar, offering significant versatility for a variety of businesses. The duplex provides comfortable living quarters, ideal for owner occupancy, staff housing, or supplemental rental income. Recent renovations are extensive, including a new roof (2017), updated plumbing and electrical systems (2017), new sheetrock and flooring (2017), a completely redone septic system (2018), and a new well (2020). This turnkey operation presents a rare opportunity to acquire a well-maintained, mixed-use property in a desirable location with significant income potential. The property's prime riverfront location adds to its appeal, offering stunning views and a unique atmosphere. The combination of a thriving business and comfortable living space makes this an attractive investment for both seasoned and aspiring entrepreneurs. The property's modern infrastructure and recent upgrades ensure a smooth transition for any new owner. This is a truly remarkable opportunity to own a versatile and profitable commercial property in a picturesque setting.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $240,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $185,000
- 6.5%
- $195,000
- 7%
- $175,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $175,000
- Geo Method
- $200,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $170,000
- Retail
- $165,000
- Mixed-Use
- $195,000
- Hospitality
- $160,000
- Educational
- $195,000
- Residential Income
- $200,000
- Energy
- $160,000
- Income-Based Land
- $150,000
- Food Service
- $200,000
Location Insight
- Map
- Local Demand
- City
- Grant
- County
- Park
- State
- Colorado
- Longitude
- -105.666
- Latitude
- 39.4598
- CBSA code
- 19740
- CBSA name
- DENVER-AURORA, CO METROPOLITAN STATISTICAL AREA