740 Greene StSilverton, CO 81433

For Sale
$899,000

Established Hardware Store, High Returns

Overview

Added:
Dec 11, 2024
Days on market:
91
This exceptional owner-user opportunity presents a thriving hardware store in the heart of Silverton, Colorado. Located at 740 Greene St, this 1,600 square foot storefront, built in 1924 and extensively renovated in 2023, sits on a 7,500 square foot lot. The property boasts two buildings, each one story, and is zoned for business and commercial use. The asking price is $899,000, representing a compelling $561.88 per square foot and an 8.00% cap rate. The business includes two units and offers a diverse inventory, ranging from construction tools and home goods to office supplies, pet essentials, camping gear, and landscaping supplies. Recent expansions include dedicated sections for plumbing, electrical, and paint supplies, reflecting a keen understanding of customer needs. A sophisticated inventory management system streamlines operations, ensuring efficient stock control. The prime location on Greene Street ensures high visibility and accessibility for both foot traffic and vehicular access. The sellers are committed to assisting with a smooth transition, providing a comprehensive inventory and equipment list. This turnkey operation is situated in a designated Opportunity Zone, presenting additional investment advantages. This is a rare chance to acquire a well-established, profitable business with significant growth potential in a desirable Colorado location.

Property Details for 740 Greene St

Property type
Other retail properties, Individual retail properties
Square Feet
1,600 SF
Year Built/Renovated
1924/2023
Buildings
2
Stories
1
Units
2

Location Insight

City
Silverton
County
San Juan
State
Colorado
Latitude
37.8077422
Longitude
-107.6676138
740 Greene St, Silverton, Colorado

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740 Greene St
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