84 Highway 105 Palmer Lake, CO $ 1,495,000
84 Highway 105
$ 1,495,000
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84 Highway 105

Palmer Lake, CO, 80133
$ 1,495,000
Baths0.0 Sq 7,200

Monthly Estimate*

$ 8,954

Listed by Main Street Brokers
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Studio

Commercial Property for sale in Palmer Lake, CO

for $1,495,000. This 7,200 square foot building was built in 1922 on a lot size of 1.08.

Presenting Wilson's Corner, a local landmark, in the heart of the bustling little mountain town of Palmer Lake! This iconic property offers 7,000 SF of floor space including two fully-leased buildings! In addition, there are two platted, buildable commercial lots (zoned CC) that can be developed or sold separately in the future! The current use(s) are: restaurant/bar, hair salon, 3 offices, a retail shop/warehouse with an overhead door, and a residential apartment in the upper level! With 7 separate units, a rooftop lease and excellent rental history, this is a turnkey investment property! Over 200 feet of State highway frontage provides tenants the best exposure possible! This property is everything...no vacancies and located in the ultimate location! Palmer Lake is a historical destination location where visitors, and locals alike, frequent the restaurants and shops on old Main Street! After dinner at one of the notable eateries, a stroll around the lake often ends with a coffee or an ice cream or stopping to listen to some live music! Daytime lake users enjoy paddleboarding and fishing in the most scenic area on the Front Range! Palmer Lake is where love lives...and you will love investing here, too!

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Commercial Active

Price

$ 1,495,000

Bedrooms

Studio

Property Type

Commercial

Taxes

$ 4,791

Style

Free Standing

Lot Size

1.08

Year Built

1922

Town/City

Palmer Lake

County/Region

El Paso

MLS | Web ID

2605088

Features
General
Sewer Public Sewer
Utilities Electricity Connected Natural Gas Connected Sewer Connected
Possession Closing/DOD Subject To Tenant Rights
Zoning CC
Garage Spaces 0
Construction Materials Frame Stucco
Exclusions Tenants' personal property.
Year Built 1922
Stories 2
Property SubType Retail
Tax Year 2022
Current Use Office Residential Restaurant Retail Warehouse
Building Name Wilson's Corner
County El Paso
Property Type Commercial Sale
Attached Garage N
Status Active
Directions From I-25 take County Line Road to Palmer Lake. Turn left after the train tracks. Building is on the right side past O'Malley's.
City Palmer Lake
NumberOfUnitsTotal 7
Lot Size Units Acres
Lot Size Square Feet 47044.8
Carport Spaces 0
Terms Cash Conventional
Tax Annual Amount 4791
Leasable Area 7000
Lease Considered Y/N N
Structure Type Free Standing
Standard Status Active
Occupancy Type Tenant (Multiple)
Cap Rate 5
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Exterior
Parking Features Asphalt Driveway-Gravel
Lot Features Corner Lot Subdividable
Water Source Public
Total Parking 0
Lot Size Area 1.08
Building Area Total 7200
Lot Size Acres 1.08
Road Surface Type Paved
Road Frontage Type Public
Road Responsibility Public Maintained Road
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Internal Only
Street Number 1 84
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* Excluded Features
List By
Main Street Brokers

Broker

(719) 481-4810

Phone

Affordability Calculator

$9,353
Per Month
96%
4%
0%
Monthly Principal & Interest
$8,954
Monthly Property Taxes
$399
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 5.99% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
242254 Elementary School
242425 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
6/7/2024$1,495,000 Listed Price

Map


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84 Highway 105, Palmer Lake, CO, 80133 is a Commercial Property for sale at $1,495,000 with 7,200 sqft and a lot size of 1.08. 84 Highway 105 is a studio with 0.0 baths and was built in 1922. The property's zip code is 80133 which is in Palmer Lake, CO