625 Platte Ave Fort Morgan, CO 80701
- Turn key restaurants
- 2,500 SF
- 0.42 lot acres
Current Use by Public Records
- Daylight Donuts / Donut Shop
- Papa Murphy's | Take 'N' Bake Pizza / Vegetarian Restaurant / Pizza Restaurant
- Salon MVP & Boutique / Beauty Salon
- DD Nail Spa Fort Morgan / Nail Salon
- Skin By Margo / Spa
Property Details for 625 Platte Ave
- Year built
- 2015
- Construction
- WOOD FRAME
- Lot size
- 0.42 lot acres
- Property size
- 2,500 SF
- Property type
- Turn key restaurants
- APN
- R004722
- APU
- R004722
Description
This exceptional investment opportunity presents a fully leased, 4,400 square foot mixed-use building situated on a 0.29-acre lot at 625 W Platte Ave in Fort Morgan, Colorado. The property boasts three (3) units currently occupied by Skin By Margo, DD Nail Spa, and Salon MVP, under gross leases with lease expirations spanning 2025, 2026, and 2028, ensuring consistent cash flow. The building, constructed in 1981, is a single-story structure with B-1 (Mixed Use Business) zoning. Located near the intersection of W Platte Ave and West St, this high-visibility location benefits from approximately 7,800 vehicles passing daily, providing excellent exposure for the tenants. The asking price is $695,000, translating to $157.95 per square foot. This prime retail investment offers a strong return in a thriving Fort Morgan community, characterized by its welcoming atmosphere and diverse economy. The property's 100% occupancy rate and long-term lease agreements make it an attractive option for investors seeking stable income and potential appreciation. This is a rare opportunity to acquire a well-established, multi-tenant retail property in a desirable location.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Fort Morgan
- County
- Morgan
- State
- Colorado
- Longitude
- -103.793
- Latitude
- 40.2544
- CBSA code
- 22820
- CBSA name
- FORT MORGAN, CO MICROPOLITAN STATISTICAL AREA
