801 Blake Ave Glenwood Springs, CO 81601-3423
This exceptional 0.05-acre commercial lot, located at 801 Blake Avenue in Glenwood Springs, Colorado, presents a unique investment opportunity. Priced at $797,000, this property boasts a prime location in the heart of downtown, offering unparalleled commercial exposure and significant development potential. Currently zoned M2, the property allows for a variety of uses, including the possibility of adding short-term or long-term residential rentals to upper levels, should the buyer choose to develop vertically. The existing structure, a quaint retail space, offers immediate income potential or a platform for redevelopment. Its charming character complements the vibrant downtown atmosphere, making it an ideal location for a variety of businesses. The property's strategic position provides easy access to Glenwood Springs' amenities, ensuring high visibility and foot traffic. Utilities are readily available, simplifying the development process. This is a rare chance to acquire a highly desirable commercial property in a thriving Colorado mountain town. The property's location within the M2 zoning district provides flexibility for future development plans, making it an attractive investment for both seasoned developers and entrepreneurs seeking a foothold in a dynamic market. Don't miss this opportunity to capitalize on the growth and potential of Glenwood Springs. The zip code is 81601, and the property is situated in Garfield County.
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
Similar Nearby for Sale
Similar Nearby for Lease
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.