Exit 74 at Colorado City, next to the KOA Campgrounds
Sale Price $330,000
This 1 acre lot is situated in a prime visible location, with stunning views of Greenhorn Mountain and Pikes Peak and easy access off and on the Interstate. Close to several Colorado attractions with big increase in traffic during Summer due to vacation and tourist travelers.
This is a 1960s true tongue and groove log cabin that originally housed a Country Kitchen. Over 1800 square feet with commercial kitchen space, walk-in cooler, 10-car parking lot and 4-spot drive-thru. It had been vacant over 20 years when I purchased in December 2017.
Private commercial / residential well with cistern, all public water system equipment, and shared septic. Fiber optics (internet/phone), natural gas and 2-phase electric. Attic and crawl space allow for great insulation, swamp cooler works great. Night Owl surveillance system included.
More Questions? Contact Info Below.
Yes, with rezoning. This was previously zoned R6 (mix use) and should be simple process to revert.
Based on my time renting the building, the CAP rate is 8.9%.
Yes, short or long-term rates are available starting at $1.50 per square foot.
Yes, with a few stipulations. Minimum 15% down payment.
Potentially, with the right person or business.
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