Sold

100 W Grand Avenue

Mancos CO, 81328

$850,000


$77.27 per sqft

Sold

4.75 Baths

11,000 sqft

Commercial

Built in 1953

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

May 9, 2024

Updated

Map

100 W Grand Avenue
Mancos CO, 81328

Interior Features

Total Stories

2


Total Bathrooms

4.75


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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PUBLISHERS NOTICE: All information is deemed reliable but is not guaranteed and should be independently verified. All real estate advertised herein is subject to the US Federal Fair Housing Act of 1968 and the Colorado Fair Housing Act, which makes it illegal to make or publish any advertisement that indicates any preference, limitation, or discrimination based on race, color, religion, sex, handicap, familial status, or national origin. Please check with your local government agency for more information.

Real estate listings held by companies other than Zach Morse  will feature the respective company’s name.

Data last updated on: 5/9/2024

 

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