Palmer Lake, CO 80133,11 Primrose ST
Palmer Lake, CO 80133,11 Primrose ST
Palmer Lake, CO 80133,11 Primrose ST
40
$1,075,000
$1,275,000
15.7%
Est.Price: ?

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9,583 Sqft Lot

11 Primrose ST Palmer Lake, CO 80133

Est. payment /mo
SOLD DATE : 03/09/2022

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Key Details

Sold Price $1,075,000

Property Type Commercial

Sub Type Retail

Listing Status Sold

Purchase Type For Sale

MLS Listing ID 3242608

Sold Date 03/09/22

HOA Y/N No

Originating Board recolorado

Year Built 1995

Annual Tax Amount $9,737

Tax Year 2020

Lot Size 9,583 Sqft

Acres 0.22

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!

Location

State CO

County El Paso

Zoning CC

Interior

Fireplace N

Exterior

Garage Asphalt

Parking Type Asphalt

Total Parking Spaces 18

Garage No

Building

Lot Description Landscaped

Story 2

Others

Special Listing Condition None

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REColorado (REColorado MLS)
Listed by Main Street Brokers
Bought with Main Street Brokers

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Jerid Wempen

Broker

+1(720) 297-4020

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