230 W 16th Street

Salida, CO 81201

Incomes Property  $490,000  Sold

09-06-2017 02:52pm

Looking for an investment property consisting of office space that actually has ample parking spaces, well this 4,949 sq. ft. office building is an ideal location. There is also room for building expansion. This property consists of five city lots, which totals 125 x 150 feet with alley access and parking on three sides of the building. It is located in the C-1 Commercial Zone District in the City of Salida at the corner of Sixteenth and H Streets. The ADA required access to the building has been fulfilled. It is currently fully leased to four businesses which have been long term tenants. The brick building has a brand new, superior quality, Duralast membrane roof with a 15 year warranty installed in early 2017 and a new boiler installed recently. There would be numerous uses for this building including health care or other professional offices.

MLS#
4563677
MLS Originator
REcolorado (Denver)
Off Market Date
07-10-2017 12:00am
Original Price
$582,000

Property
Income
Property Subtype
Commercial
Status
Sold
Status Conditions
None Known
Last Update
09-06-2017 02:52pm
Bedrooms
0
SqFt
4949
Year Built
1980
Der PSF Total
99.01

SqFt Lot
18731.00
SqFt Finished
4949
SqFt Above
4949

Sold Price
$490,000
Previous Year Tax
$6,636
Terms and Conditions
Cash, Conventional
Transaction Type
For Sale

Cooling
Air Conditioning-Central
Heating
Forced Air
Heating Fuel
Gas

Baths Full
0

Base Size
None
Parking Spaces
1
Parking Features
Driveway-Asphalt
Vehicle Spaces
25
Type
# of Space
L x W
Description
Off-Street
25
-

Roof
Other
Construction
Brick
Construction Method
Frame

School District
Salida R-32
Elementary School
Longfellow
Middle School
Salida
High School
Salida

Annual Actual Expenses
23016
Annual Projected Expenses
23000
Annual Actual Income
47052
Annual Projected Income
47000
Annual Actual Net Income
24036
Annual Projected Net Income
24000
Unit Furnished
0

PPA
1139534.88
Lot Width
0.00

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Average Values based on MLS data (realtime)

The following Average Values are calculated based on the following property information
- Property Address: 230 W 16th Street, Salida, CO 81201
- Property Type: Incomes Property, - beds, - baths, 4949 SqFT
- Sold Price: $490,000
 
Average Price (Cumulative Number of Properties)
 
Last 3 months
Last 6 months
Last 9 months
Last 12 months
Area 1 (< 1 mile)
$492,500 (2)
$492,500 (2)
$366,980 (5)
$349,363 (8)
Area 2 (1-2 miles)
$344,333 (3)
$344,333 (3)
$410,355 (30)
$402,141 (33)
Area 3 (2-3 miles)
$344,333 (3)
$363,833 (6)
$412,453 (39)
$405,849 (42)
Area 4 (3-5 miles)
$344,333 (3)
$363,833 (6)
$412,453 (39)
$405,849 (42)

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