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Property profile & analytics
FOR SALE
Commercial real estate

123 W Grand Ave Mancos, CO 81328

2,088 SF 0.11 ac lot Built 1910
Entity Owned 20-yr Hold Free & Clear
Property ID
US13-1799810
Property summary
AI-generated overview

This exceptional commercial property presents a rare investment opportunity in the heart of Mancos, Colorado. Located at 123 W GRAND Avenue, this 2,088 square foot building sits on a 0.11-acre lot and is priced at $625,000. The property boasts a prime location within Mancos' thriving business district, benefiting from high visibility and foot traffic. Currently housing The Columbine Bar and Grill (business not included in sale), this longtime local landmark offers a well-established presence. The interior features a spacious and well-lit dining area, complemented by a mahogany bar and attractive tongue-and-groove aspen paneling. A private fenced patio provides additional outdoor space. Undergoing extensive renovations between 2020 and 2021, the building received significant upgrades. These improvements included a complete roof replacement, new ceiling, electrical system overhaul, updated water lines, and a modern heating and cooling system. The kitchen and prep areas were also extensively enhanced, featuring a new walk-in cooler and state-of-the-art appliances. The building's exterior was also refreshed with new double-pane windows, all while carefully preserving the historical integrity of this 1910 structure. This property offers a unique blend of historical charm and modern functionality, making it an ideal investment for discerning buyers seeking a well-located, high-quality commercial space in a growing Colorado town.

Property profile
Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
Year built 1910
Total area 2,088 SF
Lot 0.11 ac (4,792 SF)
Zoning code DMU
APN 560528314004
UPID US13-1799810
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Columbine Bar & Grill Bar & Pub Restaurant
Value estimations
Realmo proprietary · 4 methods
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by Request
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Comparable Approach Comparable
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Blend (final) Blend
by Request
Owner & transaction history
Grand Avenue Columbine LLC · 20 yrs held
Grand Avenue Columbine LLC
since 2005
1 recorded transaction
2005
$315,000
Zoning & alternative use
DMU · Mancos, CO
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description

DMU: Downtown Mixed-Use. The Downtown Mixed-Use District is designed for application to Downtown Mancos to allow a vibrant mix of commercial, retail, office, light industrial, and residential uses that allow residents and visitors to enjoy the hub of the community. (h)

Zone name Downtown Mixed Use
General category MIXED_USE
Zone area 4.25 ac
Source municipal code
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