49348 Us Hwy 285 Grant, CO 80448-5022
This exceptional Grant, Colorado commercial property offers a unique blend of retail and residential space. Situated on a 0.41-acre lot along the scenic North Fork South Platte River, the property features a 4,644 square foot building currently configured as a licensed recreational marijuana dispensary and a duplex. The main commercial building boasts a fully intact commercial kitchen and bar, remnants from its previous life as a restaurant/bar, offering significant versatility for a variety of businesses. The duplex provides comfortable living quarters, ideal for owner occupancy, staff housing, or supplemental rental income. Recent renovations are extensive, including a new roof (2017), updated plumbing and electrical systems (2017), new sheetrock and flooring (2017), a completely redone septic system (2018), and a new well (2020). This turnkey operation presents a rare opportunity to acquire a well-maintained, mixed-use property in a desirable location with significant income potential. The property's prime riverfront location adds to its appeal, offering stunning views and a unique atmosphere. The combination of a thriving business and comfortable living space makes this an attractive investment for both seasoned and aspiring entrepreneurs. The property's modern infrastructure and recent upgrades ensure a smooth transition for any new owner. This is a truly remarkable opportunity to own a versatile and profitable commercial property in a picturesque setting.
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
Property description
Physical attributes from public recordsZoning & alternative use
Costs & 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.