323 Commercial St Trinidad, CO 81082
- Sports & entertainment properties
- 6,592 SF
- 0.61 lot acres
Current Use by Public Records
- Sports & entertainment properties
Property Details for 323 Commercial St
- Year built
- 1968
- Lot size
- 0.61 lot acres
- Property size
- 6,592 SF
- Property type
- Sports & entertainment properties
- APN
- 121 04 500
- APU
- 12104500
Description
This exceptional 6,592-square-foot commercial property in Trinidad, Colorado, presents a unique opportunity for a variety of businesses. Located downtown, this single-tenant space boasts a fully renovated interior, featuring fresh interior paint and texture, upgraded electrical and HVAC systems, new ceiling tiles, and enhanced plumbing. The stunning epoxy-sealed concrete floors add a modern touch. Architectural details include reconfigured interior walls and the re-exposed original garage door, showcasing a blend of modern updates and historical charm. A brand-new TPO roof ensures long-term durability. The space is white-boxed and ready for immediate occupancy. The layout includes a welcoming entrance reception area leading to a spacious event area, complemented by several versatile rooms suitable for a wide range of uses, such as a wellness center, small-scale manufacturing, art/music studios, a retail center, a makerspace, co-working, a youth center, or an entertainment venue. The property sits on 0.61 acres and includes 20 parking spaces. The building is a single-story structure built in 1968 and is zoned for commercial use within Las Animas County. Utilities, internet, and additional operating expenses are the responsibility of the tenant. A minimum one-year lease term is required. This property offers unparalleled flexibility and convenience, making it an ideal location for a thriving business.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $435,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $510,000
- 6.5%
- $485,000
- 7%
- $470,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $450,000
- Geo Method
- $440,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $505,000
- Retail
- $470,000
- Mixed-Use
- $470,000
- Hospitality
- $500,000
- Educational
- $485,000
- Residential Income
- $445,000
- Energy
- $480,000
- Income-Based Land
- $555,000
- Food Service
- $515,000
Location Insight
- Map
- Local Demand
- City
- Trinidad
- County
- Las Animas
- State
- Colorado
- Longitude
- -104.507
- Latitude
- 37.1708