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Property profile & analytics
OFF-MARKET Estimated value $5,680,000
Hotels

402 7th St Glenwood Springs, CO 81601-3406

52,977 SF 0.59 ac lot Built 1903
Entity Owned 8-yr Hold ~ Est. High Equity
Property ID
US13-0958658
Property summary
AI-generated overview

This exceptional opportunity presents the chance to acquire a well-established and reputable boutique in the heart of downtown Glenwood Springs, Colorado. Located at 402 Seventh Street, 81601, this turnkey clothing store, known as Mona Lisa's, boasts a rich history of over 25 years, providing unique fashion and fun to the community. The business is offered at an asking price of $199,000. This is a business-only sale; no real estate is included. The sale includes the established business and its inventory, providing a seamless transition for the new owner. The property's prime downtown location ensures high visibility and foot traffic, contributing to the business's consistent success. The seller is open to owner financing, making this an attractive proposition for aspiring entrepreneurs. This presents a rare chance to own a thriving business with significant potential for growth and expansion within a vibrant and desirable Colorado community. The business is currently operating successfully and is ready for a new owner to continue its legacy. Serious inquiries are encouraged to explore this unique opportunity further. Please note that direct contact with the current business owner is discouraged; all inquiries should be directed through the appropriate channels.

Property profile
Verified
Property type Hotels
Use group HOTEL/MOTEL
Year built 1903
Construction METAL FRAME
Total area 52,977 SF
Lot 0.59 ac (25,900 SF)
APN 218509404001
UPID US13-0958658
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
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
$5.11M
Comparable Approach Comparable
$6.25M
Blend (final) Blend
$5.68M
Owner & transaction history
Glenwood Spgs Invtrs LLC · 8 yrs held
Glenwood Spgs Invtrs LLC
since 2018
7 recorded transactions
2018
Price N/A
2010
Price N/A
2008
Price N/A
1969
Price N/A
1969
Price N/A
1969
Price N/A
1969
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building $6.9M +32.3%
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