431 W Main St
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431 W Main St
3,000 SF 100% Leased Office Building Florence, CO 81226 £468,176 (£156/SF)
Investment Highlights
- Two separate office buildings attacched as a duples with 3 offices upstairs on one side and 4 offices upstairres on the other. Both have kitchenettes
Executive Summary
Remarks: Looking for an office space, DR office, Tech office,Bistro, coffee shop, bakery? with lots of space and 4 separate entrances on one of the busiest intersections in FREMONT COUNTY? This it the one, at the intesection of Hwy 115 (Main St) and Hwy 67. THE CITY JUST APPROVED A ZONING VARIANCE FOR ONE SIDE(THE ONE WITH 4 BEDROOMS,2 BATHS AND LARG KITCHEN TO BE RENTED AS RESIDENTIAL!! LIVE IN ONE SIDE AND WORK IN THE OTHER or RENT BOTH ONE RESIDENTIAL AND ONE COMMERCIAL!!This historic brick building built in 1909 has completely remodeled offices, currently rented to two tenants on a month to month basis. Set up like a duplex with each side having main floor offices, a kitchenette and bath, both sides also have a private stairway to the second floor with 7 additional offices ie three on one side and 4 on the other,there is a full bath on one side and a half bath on the other. The building was totally remodeled in 2010 and has been lightly used, is American with Disablilites Act Compliant and has forced air natural gas heat with central air and is individually zoned on each side. There is also an detached two car garage and 13 paved parking spaces with alley access. So many possibilites for this gorgeous HISTORIC building in the Antique Capital of Colorado. Come take a look.
Financial Summary (Actual - 2023) Click Here to Access |
Annual | Annual Per SF |
---|---|---|
Taxes | $99,999 | $9.99 |
Operating Expenses | - | - |
Total Expenses | $99,999 | $9.99 |
Financial Summary (Actual - 2023) Click Here to Access
Taxes | |
---|---|
Annual | $99,999 |
Annual Per SF | $9.99 |
Operating Expenses | |
---|---|
Annual | - |
Annual Per SF | - |
Total Expenses | |
---|---|
Annual | $99,999 |
Annual Per SF | $9.99 |
Property Facts
Sale Type
Investment
Property Type
Office
Property Subtype
Office/Residential
Building Size
3,000 SF
Building Class
C
Year Built
1909
Price
£468,176
Price Per SF
£156
Percent Leased
100%
Tenancy
Multiple
Number of Floors
2
Typical Floor Size
1,500 SF
Building FAR
0.29
Lot Size
0.24 AC
Opportunity Zone
Yes
Zoning
Half Res/Half Com - Zoned Commercial with a variance for half of building to be residential.
Parking
4.33 Spaces per 1,000 SF Leased
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431 W Main St
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