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331 US Highway 24

5,202 SF 100% Leased Retail Building Leadville, CO 80461 £899,818 (£173/SF) 7.93% Net Initial Yield

Investment Highlights

  • Net Lease Investment w/ Minimal Landlord Responsibilities
  • Recently Striped and Resurfaced Frontage Parking Lot
  • 2 Retail Units for flexible leasing options
  • Regular Rent Bumps
  • Ease of Ownership & Management
  • 100% Occupancy

Executive Summary

Net Lease Investment w/ Minimal Landlord Responsibilities
Regular Rent Bumps
Recently Striped and Resurfaced Frontage Parking Lot
Retail Tenants Located in Low Competition Area
Ease of Ownership & Management

Data Room Click Here to Access

Financial Summary (Actual - 2024) Click Here to Access

Annual Annual Per SF
Gross Rental Income $99,999 $9.99
Other Income $99,999 $9.99
Vacancy Loss $99,999 $9.99
Effective Gross Income $99,999 $9.99
Taxes $99,999 $9.99
Operating Expenses $99,999 $9.99
Total Expenses $99,999 $9.99
Net Operating Income $99,999 $9.99

Financial Summary (Actual - 2024) Click Here to Access

Gross Rental Income
Annual $99,999
Annual Per SF $9.99
Other Income
Annual $99,999
Annual Per SF $9.99
Vacancy Loss
Annual $99,999
Annual Per SF $9.99
Effective Gross Income
Annual $99,999
Annual Per SF $9.99
Taxes
Annual $99,999
Annual Per SF $9.99
Operating Expenses
Annual $99,999
Annual Per SF $9.99
Total Expenses
Annual $99,999
Annual Per SF $9.99
Net Operating Income
Annual $99,999
Annual Per SF $9.99

Property Facts

Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront Retail/Office
Building Size
5,202 SF
Year Built
1980
Price
£899,818
Price Per SF
£173
Net Initial Yield
7.93%
NOI
£71,359
Percent Leased
100%
Number of Floors
2
Building FAR
0.20
Lot Size
0.59 AC
Zoning
Commercial - Refer to City of Leadville Zoning Ordinances for list of authorized uses under Commercial Zoning designation.
Parking
20 Spaces (3.84 Spaces per 1,000 SF Leased)
Frontage
100 ft on Highway 24

Amenities

  • Bus Route
  • Corner Lot
  • Signage

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
263326129901
Land Assessment
£41,596 (2023)
Improvements Assessment
£33,890 (2023)
Total Assessment
£75,486 (2023)
Annual Taxes
-£1 (£0.00/sf)
Tax Year
2024
  • Listing ID: 33904970

  • Date on Market: 17/11/2024

  • Last Updated:

  • Address: 331 US Highway 24, Leadville, CO 80461

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