Bobby Hermosillo - Coldwell Banker Distinctive Properties
39968 Us Hwy 160 Bayfield/gem Village
Bayfield, CO 81122

$1,100,000

Description

Here is your opportunity to own a two-building commercial facility fronting along U.S. Highway 160 in Gem Village, CO. Equally suited for owner occupancy or leased as an investment. The property also includes two modular homes, providing a buyer with steady monthly rental income. Site: The two contiguous parcels total for 2.56-acres and contain ample display and/or yard storage areas. The Mixed-Use Area Bayfield District Plan zone allows for several uses (residential, retail, office, warehouse/storage and light manufacturing). Current water service is delivered by on-site wells with the Town of Bayfield providing sewer service. Town water will reportedly be available to the property within the next 12-months (tap fee will be required). Improvements: The larger structure is an office/warehouse/manufacturing building that totals 6,500 square feet and was newly constructed in 2008. The building contains approximately 880 square feet (13.5%) of office finish and an unfinished storage mezzanine. The finished area also includes (2) half-bathrooms (one located in the office area and one in the warehouse production area). A 16 x 30 paint booth is contained in the production area and is removable. The warehouse/production floor is accessed by (4) drive-thru overhead doors: (3) 14 x 12 & (1) 12 x 14. The clear stacking height is 14. Concrete slab thickness ranges from 6 to 8 throughout. A portion of the slab near the entrance along the west elevation was roughed-in to facilitate the placement of a crane if needed. The smaller building is situated adjacent west of the larger structure and was constructed in 1994. It is currently partitioned for use as a small retail store and (2) bay storage garage, though could be utilized as additional office and/or storage areas in support of the larger structure. Leasing out to a third-party tenant is another possible option. The current owner generates income from two modular homes placed near the rear of the sites. Both are occupied by long-standing tenants wherein rents could be increased. In addition to the real estate, the current owners business and related inventory are also available for purchase. Commercial Hwy Frontage in the ever-expanding Durango-Bayfield Corridor is virtually non-existent. Such recent expansions include Mercy Hospital, Three Springs, La Plata County Airport & Colorado DOT lane expansions. Don't let this rare commercial opportunity pass you by. Co Brokers welcome. Call or email Brent Hedrick or Greg Liddle

Details

MLS#747172
Sub-TypeResale
StatusPending - Show
Days On Site145

Features

SQ Feet7,500
Story(s)1
Units2
ZoningMixed Use

Market Activity 81122

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Area Information

StateCO
CityBayfield
Zip Code81122
AreaBayfield Rural
Listing VS Median (in 81122)
Price:
$1,100,000
low | high
Med:
$279,900
100% of Average
SqFt:
7,500
low | high
Med:
1,440
100% of Average
$ / SqFt:
$147
low | high
Med:
$194
17.471590909091% of Average
On Site:
145
low | high
Med:
33
100% of Average
Listing Updated: 11/17/2018
MLS Number: 747172
Listing Provided By:
Greg Liddle  of  Hayden Outdoors



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