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635 Blake StreetSalida, CO 81201Price: $1,432,000

  • Price: $1,432,000
  • 116 Days on Market
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Federal 30-year interest rate: 3.09% last updated on Oct 21, 2021
* All Figures are estimates. Check with your bank or proposed mortgage company for actual interest rates.
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  • $1,432,000List Price
  • 0.37Acreage

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Profitable opportunity in desirable town of Salida, Colorado! This dynamic property consists of 30 storage units and a 2-story office building. Fully rented with extremely low turnover, these are not your typical storage units. All have paved entrances along with exterior timers for individual light switches in units (limiting electricity expenses). The office building, with 7 office spaces upstairs, has been rented in the past to multiple tenants sharing a conference room, 2 kitchenettes, and 2 half bathrooms. Currently 2 contracting companies each lease 1/2 of the upstairs offices. In-floor heat, rooftop evaporative cooler, and a built-in vacuum system, keep things comfortable. The 40x50 main floor has unlimited options for uses, with finished walls and ceilings, 3 overhead roll up metal doors, 10' ceiling, an ADA bathroom and office on the West side, and plumbing roughed in for construction of a 2nd bathroom on the East side if desired in the future. Currently being used to store inventory with a natural gas heater (electric cove heaters in office and bathroom), it was constructed with 10' precut concrete sections along with headers in place for additional roll up doors if additional storage units were ever wanted. Creative types may want to consider converting the upstairs offices into 2 living units, to create a live/work scenario. This investment requires very limited legwork: approximately 4 hours of bookwork monthly (only 3 evictions/clean outs in the past 15 years)!

Property Details of 635 Blake Street

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Listed by Cathy Chochon and Jeff Post of First Colorado Land Office,Inc.

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