8783 Spruce Mountain Road, Larkspur, CO 80118 - SOLD
$386,000
Rare opportunity to purchase a standalone building right off I-25 with money generating signage potential - first building on your right from I-25. This building has so much potential as a turn-key office, restaurant (previous drive-through), medical, and so much more! Current use as a real estate office with conference area, two offices, bathroom, and storage area/kitchen. Please call/text/email for list of the MANY available uses by right or by special review! Opportunities like this at this price range are very rare! With easy access to I-25, this truly is an ideal location within a 30 minute drive to either Denver Metro or Colorado Springs, while still being surrounded by stunning views of forest, mountains, and the park!
Listing Provided by MODestate
List Price: | $400,000 |
---|---|
Sold Price: | $386,000 |
Sold Date: | 02/24/2022 |
Status: | Closed |
MLS ID: | 5651285 |
Town: | Larkspur |
County: | Douglas |
Zip: | 80118 |
Property Type: | Commercial Sale |
Property Sub Type: | Retail |
Living Area: | 720 sqft |
Acres: | 0.17 |
Taxes: | 4,742 |
Architectural Style: | Contemporary |
Association Fee: | $0 |
Buyer Financing: | Cash |
Building Area Total: | 720 |
Listing Contract Date: | 2021-11-24 |
Lot Size Square Feet: | 7,405.2 |
Carport Spaces: | 0 |
Lease Amount: | $2,500 |
Parcel Number: | R0492424 |
Directions: | Take Spruce Mountain Exit from I-25. First building on your right - that's it! |
Current Use: | Office |
Electric: | 110V, 220 Volts |
Year Built: | 1924 |
Tax Year: | 2020 |
Leasable Area: | 720 |
Existing Lease Type: | NNN |
Listing Terms: | Cash, Conventional |
Year Built Effective: | 2020 |
Exclusions: | Sellers personal property including furniture and storage container. |
Lot Size Area: | 0.17 |
Number Of Units Total: | 1 |
Original List Price: | $450,000 |
Road Frontage Type: | Public |
Possession: | Closing/DOD |
Lot Size Units: | Acres |
Parking Total: | 15 |
Water Source: | Public |
Zoning: | Business |
Roof: | Composition |
Road Surface Type: | Gravel, Paved |
Sewer: | Public Sewer |
Utilities: | Electricity Connected, Internet Access (Wired), Natural Gas Connected |
Building Features: | Wi-Fi |
Lease Considered?: | Yes |
Number Of Units Vacant: | 1 |
Association Fee 3 Annual: | 0.00 |
Building Class: | Class B |
Cap Rate Calculation: | See projected income/expense. Likely 6-7% |
Commission Modified: | NA |
Contract Earnest Check To: | Land Title |
Contract Min Earnest: | 5000.00 |
Green Verification Count: | 0 |
Income Sale Type: | Either |
Offstreet Spaces: | 15 |
Parking Count: | 1 |
Ppa: | 2270588.24 |
Projected Annual Expense: | $3,000 |
Projected Annual Net Income: | $27,000 |
Projected Gross Income: | 30000.00 |
Psf Total: | 536.11 |
Rent Quoted Per: | Per Month |
Showing Email: | phillip.bicker@gmail.com |
Submitted Prospect Yn: | No |
Tenant Count: | 0 |
Title Company: | Land Title |
Unit Count: | 0 |
Water Included Yn: | Yes |
Road Responsibility: | Public Maintained Road |
Showing Contact Phone: | 303-573-7469 |
Structure Type: | Free Standing |
Listing Courtesy of: MODestate
Listing Agent: Phillip Bicker
303-250-5090
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REcolorado® data last updated on March 28, 2024 10:32 AM
Based on information submitted to the MLS GRID as of March 28, 2024 10:32 AM. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Properties displayed may be listed or sold by various participants in the MLS.
Property Last Updated: May 10, 2023 02:24 PM