Sold
Closed
100 W Grand Avenue
Mancos CO, 81328
$850,000
$77.27 per sqft
Sold
Closed
8 Baths
11,000 sqft
Commercial
Built in 1953
Courtesy of Blackmore Group with Listing Contact: 970-749-1973
Welcome to the bustling heart of Mancos, Colorado, where an incredible commercial opportunity beckons you! Step into this expansive 13,063 sq. ft. building, home to 11 units that encapsulate the perfect blend of functionality and versatility. Commercial Marvel: Eight commercial spots take center stage, offering a diverse canvas for entrepreneurial dreams. From a cozy hair salon to a dynamic gym, this space is a playground for business innovation. Imagine the possibilities for a trendy art gallery, a bustling restaurant, or an efficient attorney's office. The current commercial tenants have already set the stage, making this a vibrant hub for commerce. Apartments with Character: Beyond the commercial buzz, discover two charming apartments that add a residential touch to this commercial gem. The first is a snug one-bedroom, one-bath haven, perfect for those seeking a cozy retreat. Next, a flexible one-bedroom space provides adaptability, catering to a range of tenant preferences. These apartments, while adding residential appeal, enhance the overall allure and potential tenant base. Hidden Potential in the Shop: Last but certainly not least is the spacious shop at the back of the building. Currently used for storage, this area is a hidden treasure waiting to be unleashed. Its large dimensions and heated office make it ideal for a variety of purposes, from a workshop to a creative studio. Unlock the full potential of this space, and watch it become a lucrative asset for the new owner. Unveiling Growth Opportunities: The true magic of this property lies in the tremendous opportunity for rent growth. Currently set at approximately 50% (not guaranteed) of their potential value, the commercial units are a goldmine waiting to be tapped. Imagine the immediate returns as new owners revamp leases and explore the untapped potential of this prime location. Constant Improvements: Over the past four years, the dedicated owner has spared no effort in maintaining and upgrading the building. This on going care speaks volumes, showcasing a property ready for ownership. As if the charms of the commercial units, apartments, and versatile shop weren't enough, the property extends an additional perk on the north side - ample parking. The thoughtful design includes dedicated parking spaces, ensuring convenience for both the shop and apartment occupants. This practical amenity adds an extra layer of appeal, making it easier for businesses to thrive and tenants to enjoy a hassle-free living experience. Say goodbye to parking woes and hello to a seamless and enjoyable environment on the north side of this commercial haven Thriving in Mancos: Nestled in the vibrant town of Mancos, this property is strategically positioned to benefit from the town's growth. Boasting a growing population, Mancos offers an ideal backdrop for commercial ventures. The proximity to Durango, Colorado, adds an extra layer of appeal, connecting the property to the economic vibrancy of a larger city. **Seller-Friendly Financing:** To sweeten the deal, the owner extends a seller-friendly offer--carrying the note with negotiable terms. This flexibility in financing adds convenience for potential buyers, making this commercial gem even more enticing. In a nutshell, this property is not just a space; it's an opportunity. An opportunity to shape a thriving commercial hub, to provide cozy residences, and to unleash the hidden potential of a spacious shop. Act now and make this meticulously maintained, strategically located commercial property the cornerstone of your success story. Your journey into prosperity starts here, amidst the vibrant energy of Mancos!
810221
MLSⓇ ID
January 12, 2024
Listed
November 22, 2024
Updated
Map
100 W Grand Avenue
Mancos CO, 81328
Interior Features
Total Stories
2
Total Bathrooms
8
Full Bathrooms
1
Half Bathrooms
6
Three-Quarter Bathrooms
1
Fireplace
No
Cooling
Yes
Cooling Description
Central Air, Other
Heating
Yes
Heating Description
Electric, Forced Air, Floor Furnace, Heat Pump, Natural Gas, Other, Pellet Stove
Exterior/Building Features
Lot Size
0.4 Acres
Lot Features
Corner Lot
Roof
Foam, Membrane, Other
Sewer
Public Sewer
Other Property Details
Area Name
Mancos
Taxes
$5,647
Tax Frequency
Annually
Days on Market
35
Garage
No
Parking
Gravel, Off Street, Paved, Parking Space(s), Rear Side Off Street, On Street
Parking Total
12
View
No
County
Montezuma
Water Source
Public, Water Tap Paid
Pool
No
Listing History
Date | Event | Price |
---|---|---|
2/19/2024 | Sold | $850,000 |
2/7/2024 | Pending | — |
2/5/2024 | Pending | — |
Courtesy of Blackmore Group with
Listing Contact: 970-749-1973
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Data last updated on: 11/22/2024