1250 Grand Ave Norwood, CO 81423
This exceptional 2,592 square foot multi-family property, situated on a 0.74-acre lot at 1250 Grand Avenue in Norwood, Colorado, presents a unique investment opportunity. The building currently features four bedrooms, one full bathroom, and two half bathrooms, offering significant versatility. Its adaptable layout lends itself to a variety of commercial uses, including professional offices, retail spaces (such as a tool rental store, liquor store, bank, convenience store, or restaurant), or even a combination live/work arrangement. The property boasts ample parking, with space for six or seven semi-trucks, and a significant advantage: a one-inch water tap. Additional features include a large walk-in cooler, ideal for various storage needs (meat, medical supplies, etc.). The building's exterior has been recently updated with new paint and a new metal roof. Its convenient location offers walkability to both the local school and bank. The sellers are highly motivated and are considering all offers, including potential owner financing with a 50% down payment. This property presents a compelling opportunity for a family business, or an investor seeking a high-return property in a desirable location. Don't miss this chance to acquire a versatile and well-located commercial property with significant upside potential.
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Norwood Real Estate Company Real Estate Agency
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Property description
Physical attributes from public recordsZoning & alternative use
C1 · Norwood, COCosts & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.