244 Washington St Monument, CO 80132
This exceptional Monument, Colorado commercial property, located at 244 N Washington St, 80132, presents a unique investment opportunity. Priced at $675,000, this multi-tenant building boasts a total of 2,000 square feet and is currently 100% occupied, generating immediate income. The property features a blend of historic and modern elements, encompassing two distinct structures. The older section, built between 1915 and 1990, offers three executive offices, a kitchen/breakroom, restrooms, and a waiting/reception area. On-site parking is available for added convenience. The newer addition, also built between 1915 and 1990, includes a spacious loft, kitchen, and living room area, providing versatile space for various uses. The property is zoned for business use, ensuring flexibility for a range of commercial ventures. This prime location in El Paso County offers excellent visibility and accessibility. The Net Net Net (NNN) lease structure provides a straightforward and efficient ownership model. This is an ideal investment for those seeking a well-maintained, income-producing property with significant potential for future growth in a thriving Colorado community. The property's combination of historic character and modern functionality makes it a truly unique offering.
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
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
DB · Monument, COMonument. Always verify with local authorities before improvements.
Costs & 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.