397 Hwy 119 Nederland, CO 80466-5269
This iconic Nederland, CO property, located at 397 Highway 119, presents a unique investment opportunity. The 1,906 square foot building sits on a 0.49-acre lot at the corner of East Street and Highway 119, offering exceptional visibility as the first commercial building entering Nederland. Currently operating as a beloved, 37-year-old auto repair shop with 1,350 square feet of garage space including two service bays, it also features a 528 square foot detached office space consistently rented for the past 12 years. The property boasts stunning views of Barker Reservoir and the surrounding mountains, providing an inspiring backdrop for any business. General Commercial (GC) zoning allows for a multitude of uses, including a wood shop, art studio, bar/distillery, or retail shop. Conveniently located 25 minutes from Boulder and 15 minutes from Eldora Mountain Resort, this property benefits from its proximity to outdoor recreation and a strong customer base. While currently utilizing a well and septic system, town water and sewer access is available. Radiant floor heating is already installed. Owner financing may be available. Don't miss this chance to own a piece of Nederland's history and unlock its immense potential.
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
2138 · Nederland, 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.