$699,500
Grand Lake, CO 80447
MLS# 22-1475
Status: Closed
1 beds | 1.75 baths | 2857 sqft
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Property Description
Thank you for your interest in this property in Grand Lake. This is an excellent investment opportunity with the building currently demised for two commercial tenants and one residential apartment upstairs. The current lease for the apartment provides a steady income stream, while the commercial tenants are on a month-to-month lease. One tenant has expressed interest in a long-term lease, indicating a potential for stability and long-term income generation. It's also worth noting that some personal property and leased items/furnishings are excluded from the sale, so be sure to clarify any questions you may have with us.
Details
Maps
Documents
Contract Information
Property Subtype: Single Family Residence
Transaction Type: Income Commercial
Lease Amount: 2450
Lease Term: Other
Percent Ownership: Full
Reservations: Not Applicable
1st Right of Refusal: No
List Price Per SqFt: 284.81
Sold Price Per SqFt: 284.81
Current Price: $699,500
Status: Closed
Begin Date: 2022-11-17
Sold Date: 2023-08-14
Sold Price: $699,500
Under Contract Date: 2023-07-16
Location, Legal and Taxes
Parcel Number: 119305218007
Association Y/N: No
Taxes: 92
Tax Schedule #: P704189
Legal: Subd: GRAND LAKE Lot: 14 Block: 18
FIRPTA (Foreign Investment in Real Property Act): No
General Property Description
Realtor.COM Type: Commercial
Total SqFt: 2857
Upper SqFt: 1102
Finished SqFt: 2456
Lot Size: .115
Acres: 0.12
Garage Type: None
Garage Stalls: 0
Garage Remarks: Surface Parking
Year Built: 1989
Total Bedrooms: 1
Total Bathrooms: 1.75
Total Full Baths: 1
Total Half Baths: 2
Description
Tenant Occp: 1
Lease Type
Gross: 1
Miscellaneous
Minimum Earnest $: 20000
Possession: At DOD
Sales Transfer Tax: No
Water Source
Public: 1
Tap Fee Paid: 1
Sewer Source
Community: n/a
Public: Tap Paid
Utilities
Electric: Connected
Natural Gas: Connected
Bathrooms
Upper Bathroom: Full
Upper Bathroom 3: Full
Main Bathroom: Half
Main Bathroom 2: Half
Basement
Crawl/Slab: Crawl Space
Construction
Frame: 1
Terms
Cash: 1
Conventional: 1
Owner Will Carry: 1
Possible Usage
Business: 1
Commercial: 1
Residential: 1
Location Legal and Taxes
Area: Grand Lake Area
House Number: 721
Street Name: GRAND
Street Suffix: Avenue
County: Grand
State/Province: CO
Postal Code: 80447
Tax Year: 2022
Subdivision: GRAND LAKE
Property Features
Lease Type: Gross
Water Source: Public; Public; Tap Fee Paid
Construction: Frame
Description: Tenant Occp
Terms: Cash; Conventional; Owner Will Carry
Possible Usage: Business; Commercial; Residential
Supplements
The property is located in a prime location in Grand Lake, a highly desirable and growing area. With its mixed-use potential, this property offers flexibility and a range of possible uses for a savvy investor. If you have any questions or would like to schedule a viewing, please don't hesitate to contact us through our website or at [insert phone number]. We would be happy to help you explore this investment opportunity further.
Property Record Card 
Listing Office: Re/Max Peak to Peak
Last Updated: August - 31 - 2024
Information deemed reliable but not guaranteed.