Views
Address
11 Primrose Street Palmer Lake, CO
Price
$ 1,275,000
Property Attributes
  • MLS#7875964
  • TypeCommercial
  • CountyEL PASO
  • CityPalmer Lake
  • NeighborhoodPalmer Lake
  • Zip80133
  • StyleRetail
  • Year Built1995
  • Taxes$ 10008
  • Price$ 1,275,000
  • Bedrooms0
  • Full Bathrooms0
  • Half Bathrooms0
  • Sqr Footage5824
  • Lot Size9,583 SqFt
Listing Provided Courtesy Of:
Main Street Brokers
Data Source:
Pikes Peak MLS (PPMLS) - 30 - 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
4/20/2021 Listed $1,275,000

General Features

Property Type Commercial
Status Active
Sub Area Palmer Lake
Sub Type Retail
Tax Amount 10008.00

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 $750K
$1.28M
Taxes
AVG $5,142
$10,008
Visits
AVG 113
105
Year Built
AVG 1995
1995
Walkscore
AVG 39
39
Data Provided by Walkscore ® not using MLS data