CO > Bayfield
Bayfield, CO 81122,381 Colorado Drive
Bayfield, CO 81122,381 Colorado Drive,Video Tour
Bayfield, CO 81122,381 Colorado Drive
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Rachel Sadler

Rachel Sadler

The Real Brokerage

+1(970) 880-0823
$6,500,000
Est. payment /mo
11 Baths
18,000 SqFt
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UPDATED:

Key Details

Property Type Commercial

Sub Type Retail

Listing Status Active

Purchase Type For Sale

Square Footage 18,000 sqft

Price per Sqft $361

MLS Listing ID 829904

Half Baths 9

Year Built 1983

Tax Year 2021

Lot Size 2.200 Acres

Acres 2.2

Property Sub-Type Retail

Property Description

Acquire the dominant, grocery-anchored retail center in Bayfield, CO, which includes the highly profitable, turnkey grocery store business. The investment is structured in two distinct parts for maximum buyer flexibility: the Entire Asset (Real Estate + Business) is priced at $6,500,000, while the separate Grocery Store Business only can be purchased for $3,000,000. The entire retail center is a substantial asset totaling 21,100 Rentable Square Feet across 10 commercial suites and maintains a high occupancy rate. The property also generates additional revenue from specialty vendors and kiosks located within the parking lot. The tenant base is anchored by the community's sole grocer, which boasts a proven operational track record of over 30 years at this location. Strategically positioned just off State Highway 160, the property benefits from a high traffic visibility of 9,700 vehicles AADT. A major value-add opportunity exists due to current lease structures, which are notably below comparable market rates, providing a clear and substantial path to Net Operating Income (NOI) growth upon tenant renewal. This positioning allows an investor to capture significant rental upside, turning this essential community asset into a high-performing investment vehicle.

Location

State CO

County La Plata

Interior

Heating Central

Cooling Central A/C

Flooring Carpet, Concrete, Other, Tile, Vinyl

Equipment Ask realtor for list

Furnishings Unfurnished

Exterior

Parking Features Paved, 20 + Total Spaces

Garage Spaces 90.0

Utilities Available Electric, Natural Gas, Water

Building

Story 2

Sewer Public Sewer Installed

Water Public

New Construction No

Others

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Colorado Real Estate Network (CREN) + Sold
Listed by United Country Blue Sky Homes and Land

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381 Colorado Drive

Contact Rachel

Rachel Sadler
Rachel Sadler

Broker Associate | ER DRE CO 100089210, CA 01991008

+1(970) 880-0823 | rachel@movemetoswco.com

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