Views
Address
11 Primrose Street Palmer Lake, CO
Price
$ 1,275,000
Property Attributes
  • MLS#3242608
  • TypeCommercial
  • CountyEL PASO
  • CityPalmer Lake
  • Zip80133
  • Style
  • Year Built1995
  • Taxes$ 9737
  • Price$ 1,275,000
  • Bedrooms0
  • Full Bathrooms0
  • Half Bathrooms0
  • Sqr Footage5864
  • Lot Size9,583 SqFt
Listing Provided Courtesy Of:
Main Street Brokers
Data Source:
REColorado (MTOMLS) - 6 - CO
Property Description

Multi-use building zoned "commercial-convenience," a Palmer Lake zoning, with numerous permitted and/or conditional uses including residential & commercial combined. Space currently houses several small businesses including a restaurant, a bar, a coffee shop, and a hair salon. Property also includes income from a 25-year lease with Verizon for a cellular tower on the building rooftop. Excellent frontage on (State) Highway 105, located across from Palmer Lake and the Palmer Lake Recreation Area frequented by visitors for boating, paddle-boarding, fishing and local events that draw 1000's of visitors like the Palmer Lake Wine Festival, the 4th of July Fireworks celebration, youth sports, WinterFest, and so many other events year-round. Palmer Lake is a small mountain town that draws people from the surrounding Denver and Colorado Springs metro areas for day-trips. It is rapidly becoming a destination location where a day of hiking or biking on the miles of trails is always started or topped off with a visit to one of the 1st rate restaurants or coffee shops in Town! Building is 100% occupied with gross rent leases and has been impeccably maintained! The building is nestled between Ben Lomand and Sundance Mountains so patrons can enjoy the stunning lake and mountain views from the large deck! Seller is in the process of making a drive-thru window for the coffee shop!

Price History
4/23/2021 Listed $1,275,000

General Features

Attached Garage No
Carport Spaces 0.0
Carport Y/N No
Current Use Restaurant
Garage Spaces 0.0
Garage Y/N No
Levels Two
Property SubType Retail
Property Type CommercialSale
Total Units 1
Zoning CC

Exterior Features

Building Area Total 5864.0
Covered Spaces 0.0
Lot Features Landscaped
Lot Size Acres 0.22
Lot Size Area 0.22
Lot Size Square Feet 9583.0
Lot Size Units Acres
Parking Features Asphalt
Road Frontage Type PublicRoad
Road Surface Type Paved
Total Parking 18.0

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Commercial Average in 80133

Price
AVG $930K
$1.28M
Taxes
AVG $6,674
$9,737
Visits
AVG 87
55
Year Built
AVG 1995
1995
Walkscore
AVG 39
39
Data Provided by Walkscore ® not using MLS data

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