Great cash flow investment opportunity. Both the building and the business are for sale. This high visibility property is located on Main Street in Oak Creek. The building is comprised of two residential units (1 bed/1 bath and 2 bed/1bath) on the upper level, and three commercial units on the main level. One of the commercial units is currently operating as a profitable laundromat business, which is included in the sale. This building has recently undergone several significant upgrades and repairs, including a full remodel of the residential units and the laundromat, new roof, structural improvements, and all new plumbing. One commercial unit is currently rented out as storage and the other commercial unit is currently vacant. Ideas for the unoccupied commercial space include: arcade, snack shop, pet supply store, pet grooming, outdoor gear shop, hardware store, coffee shop, liquor store, weed store, clothing consignment store/thrift shop, gym, daycare center, local products/specialty health food retail shop, hair salon/barber shop, ice cream shop, or massage therapist. Consider all the possibilities, including having your own live/work space or operating an existing profitable business.
MLS# | 3104367 |
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Listing Type | For Sale |
Sub-Type | Resale |
Status | Active |
Year | 1975 |
Days On Site | 166 |
SQ Feet | 4,040 |
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Units | 5 |
Zoning | Commercial |
Acreage | 0.28 |
Area Information | |
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State | CO |
County | Routt |
City | Oak Creek |
Zip Code | 80467 |
Listing VS Median (in 80467) | |
Price: $425,000 low | high Med: $48,250 SqFt: 4,040 low | high Med: 0 $ / SqFt: $105 low | high Med: $0 On Site: 166 low | high Med: 143 |