431 Main St Florence, CO 81226-1534
This stunning 3,585 square foot historic brick building, constructed in 1909, sits on a 0.24-acre lot at the bustling intersection of Highways 115 and 67 in Florence, Colorado. Completely remodeled in 2010, this ADA-compliant property boasts four separate entrances, making it exceptionally versatile. Currently configured as a duplex with month-to-month tenants, each side features main floor offices, a kitchenette, and a bathroom. Private staircases lead to spacious second floors, offering seven additional offices (three on one side and four on the other), plus two additional restrooms (one per side). The building benefits from forced-air natural gas heat and central air conditioning, with individual zoning for each side. A unique zoning variance allows for one side to be used residentially, while the other remains commercial. The residential side includes two bathrooms (one upstairs, one downstairs), and four bedrooms. A detached two-car garage and 13 paved parking spaces with alley access add to the property's appeal. This exceptional property presents numerous possibilities, ideally suited for a variety of uses, including office space (medical, tech, or general), a bistro, coffee shop, bakery, or a combination thereof. Its prime location in the "Antique Capital of Colorado" ensures high visibility and accessibility. The seller successfully navigated planning and zoning processes with the City of Florence to secure the unique residential/commercial variance.
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
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Property description
Physical attributes from public recordsZoning & alternative use
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Risks
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