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406 6th St Georgetown, CO 80444-5026

OFF-MARKET Retail space Google Maps
3,373 SF 0.32 ac lot Built 1978
Individually Owned 11-yr Hold
Estimated value (blended)
$295k
Range $266k – $325k (±10%)
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

Current use

Occupant on record · Public records
  • Art Gallery

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$295k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$295k

Owner & transaction history

since 2014
5 recorded transactions
2020
Price N/A
2014
$515,000
2008
Price N/A
2007
$525,000
2002
$475,000

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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