Coldwell Banker Montrose Properties

Mixed use building and property on Mill Street in beautiful down town Bayfield. There are two apartments that have leases as of June 1, 2018. One lease is a two lease and the other is a one year lease. The two leases provide income of $1,300.00 per month and the tenants pay the electric and natural gas costs. Building is approx. 2,032 sq ft setting on approx. 0.198 acre. A large back yard that opens into the ally for an entrance that will allow for expansion of the building or a large garage/workshop. Open floor plan that has many possibilities. There are two apartments that are rented which will be good extra revenue and assist in paying a mortgage. There are many possibilities for this mixed use lot, retail, professional, commercial, apartment building, light assembly, etc. A buyer could build additional stories to the building and expand it into the open back yard space that could generate multiple income possibilities. There is a possible opportunity to build a several complex with an additional hundreds of square feet of revenue generating space.

  • MLS# 736703
  • Sub-Type Resale
  • Status Active
  • Year 1911
  • Days On Site 363
SQ Feet 2,032
Story(s) 1
Units 1
Zoning Commercial/Mixed Use
Listing Provided By:
Victor Schultheiss  of  The Wells Group of Durango Inc.
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
this listing $189,000
36.58%
$298,000 in 81122
this listing 2,032 SqFt
67.93%
1,210 SqFt in 81122
this listing $93 $/SqFt
62.23%
$246 $/SqFt in 81122
this listing 363 on site
192.74%
124 on site in 81122

Location

State CO
City Bayfield
Zip Code 81122
Area Bayfield In Town

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