102 Main St Creede, CO 81130
- Retail space
- 2,500 SF
- 0.06 lot acres
Current Use by Public Records
- Retail space
Property Details for 102 Main St
- Year built
- 1900
- Construction
- WOOD
- Lot size
- 0.06 lot acres
- Property size
- 2,500 SF
- Property type
- Retail space
- APN
- 476325421008
- APU
- 476325421008
Description
This exceptional 2,500 square foot retail property, situated on a 0.5-acre lot at 102 Main Street (corner of Main & Wall Streets) in Creede, Colorado, presents a lucrative investment opportunity. Currently housing two thriving businesses – a T-shirt shop and an olive oil store – the building offers flexibility. Each retail space operates independently, with separate electrical meters and utilities (electric, pellet stove, water, sewer, and phone). The olive oil shop generates a consistent $1300 monthly rent. The T-shirt shop boasts a high return rate, contingent on maintaining its current retail focus to maximize income potential. The property benefits from its prime location within Creede's historic downtown, a bustling tourist destination attracting visitors throughout the year. Creede's popularity stems from its rich silver mining history, stunning Rocky Mountain views, and diverse recreational opportunities, including hunting, fishing, and sightseeing. The Creede Repertory Theater further enhances the town's appeal, drawing large crowds during the summer months. This investment offers a projected annual return on investment of 15% to 20%, making it an attractive proposition for savvy investors seeking a piece of Creede's vibrant commercial landscape. An interior connecting door allows for potential expansion or consolidation of the retail spaces.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Creede
- County
- Mineral
- State
- Colorado
- Longitude
- -106.927
- Latitude
- 37.8529
