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    OFF-MARKET
    Retail space

    406 6th St, Georgetown, CO 80444-5026

    3,373 SF 0.32 ac lot Built 1978
    Individually Owned 11-yr Hold
    Property ID
    US13-0650976
    Property summary
    AI-generated overview

    This exceptional mixed-use property, located at 406 6th Street in Georgetown, Colorado's historic commercial district, presents a lucrative investment opportunity. The 6,746 square foot building sits on a 0.32-acre lot and boasts four income-generating apartment units and two retail spaces. The apartment units are currently occupied, offering immediate cash flow. The unit breakdown includes one 1-bedroom, one 2-bedroom, and one 3-bedroom apartment. Some renovations have already been completed. The retail spaces have previously housed a diverse range of businesses, including an art gallery, a restaurant, and even the Georgetown Christmas market, showcasing their versatility and adaptability to various commercial uses. The property's location within the highly trafficked historic district ensures high visibility and foot traffic. Potential buyers are encouraged to review the zoning code and supplemental documents for detailed information on permitted uses. Please note that tenant occupancy requires advance notice for showings. Showings of the retail spaces may be arranged during business hours at #410 (pet shop) and #406 (includes units A & B). A complete viewing will be conducted upon acceptance of a contract and scheduling of inspections. The asking price for this remarkable property is $1,325,000.

    Property profile
    Verified
    Property type Retail space
    Use group RETAIL STORES (PERSONAL SERVICES)
    Year built 1978
    Construction BRICK
    Total area 3,373 SF
    Lot 0.32 ac (13,800 SF)
    APN 1959-172-17-202
    UPID US13-0650976
    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
    Current use
    Occupant on record · Public records
    • Colorado Mountain Art Gallery Art Gallery
    Value estimations
    Realmo proprietary · 4 methods
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    by Request
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    Owner & transaction history
    Sterling T Hill · 11 yrs held
    Sterling T Hill
    since 2014
    5 recorded transactions
    2020
    2014
    $515,000
    2008
    2007
    $525,000
    2002
    $475,000
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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