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1146 E Rainbow Blvd

Salida, Colorado, 81201, United States

Property ID: #733599 // commercial
1146 E Rainbow Blvd
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Traditional Sale
List Price:
$2,395,000.00
Icon 8,660 ft²
Icon 1.1 acres
Icon - beds
Icon - baths
Address:
1146 E Rainbow Blvd
City:
Salida
State:
Colorado
Zip Code:
81201
County:
Chaffee
Country:
United States
Property Type:
Commercial
Additional Property Types:
Special Purpose
Year Built:
1977
Property Size:
8,660 ft²
Lot Size:
1.1 acres
Data Source:
REColorado
MLS/Reference Number(s):
2318549
Source Status:
Active
Source Property Type:
Commercial, Special Purpose

Property Provided By

  • Susan Hughes
  • Pinon Real Estate Group LLC
  • +1 (719) 539-8886
Cashifyd
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Property Information

Location, Opportunity and Income...this one has it all! This well maintained commercial property is currently used as monthly rentals and has virtually no vacancy. There are 18 single units with mini kitchens, 1 modular home and 1 manufactured home, laundry, outdoor park/picnic area and ample parking. The rooms rent for $800-$1200/month each, the modular home rents for $2,000/month and the manufactured home is currently traded with groundkeeper (previously rented for $1000/month. Currently 14 units are rented under 1 lucrative lease from a local business for its employee housing. If monthly rentals are not your thing, you can revert back to a traditional motel model and rent out nightly. There is also excellent development potential to re-develop into condos or townhomes for lease or sale. Excellent location on a highly visible and bustling section of Highway 50 in the popular mountain town of Salida Colorado. Property is only minutes from downtown Salida where quaint shops, restaurants and bars abound. Salida is a popular tourist destination offering world class whitewater rafting, skiing, fishing, mountain biking and hunting. Centrally located within a couple hours drive to all major city's and airports in Colorado. The lot is quite large at 1.1 acres - room to expand or develop into multi-unit neighborhood. Come check out this dynamic business opportunity today!

Source Disclaimer

REColorado

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Courtesy of Pinon Real Estate Group LLC SDHughes@PinonRealEstate.com
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This content last updated on 2024-02-26 19:06:29. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.


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