0.9 Acres in Salida, CO - $695,000
A consistently high occupancy rate is accredited to this commercial building’s location and visibility on heavily traveled US Highway 50 and the ample parking facilities. A report from the Colorado Department of Transportation indicates approx. 6300 cars , annual average daily traffic, go by.
Tenants include an anchor liquor store, nail salon, dispensary, pet grooming facility, and a drive-up coffee shop. Two of the leases are base rents plus percentage. The anchor tenant pay 60.8% of the property taxes and insurance. All tenants are responsible for their percentage of utilities and CAM.
This commercial building has a total of 4480 square feet and was built in 1955, sitting on 0.84 acres of land. Building is concrete block construction. Roofing is membrane and ceramic tile. The building has been updated and upgraded on a continual basis.
The drive-up coffee shop has a ...
The drive-up coffee shop has a ground lease. The structure is a total of 183 square feet with frame construction on a concrete slab. Roofing is metal.
This property is located on the busy Highway 50 corridor between the City of Salida proper and WalMart. This corridor is in the Salida/Poncha Springs growth path and, as such, offers an investor the opportunity to obtain a performing property in an emerging, developing market.
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Located on US Highway 50 through Salida, Colorado