123 W Grand Ave Mancos, CO 81328
- Commercial real estate
- 2,088 SF
- 0.11 lot acres
Current Use by Public Records
- Columbine Bar & Grill / Bar & Grill
Property Details for 123 W Grand Ave
- Year built
- 1910
- Lot size
- 0.11 lot acres
- Property size
- 2,088 SF
- Zone code
- DMU
- Property type
- Commercial real estate
- APN
- 560528314004
- APU
- 560528314004
Description
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.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $245,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $310,000
- 6.5%
- $270,000
- 7%
- $305,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $270,000
- Geo Method
- $260,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $245,000
- Retail
- $280,000
- Mixed-Use
- $240,000
- Hospitality
- $220,000
- Educational
- $240,000
- Residential Income
- $275,000
- Energy
- $300,000
- Income-Based Land
- $305,000
- Food Service
- $270,000
Location Insight
- Map
- Local Demand
- City
- Mancos
- County
- Montezuma
- State
- Colorado
- Longitude
- -108.29
- Latitude
- 37.3448