443 Commercial StTrinidad, CO 81082

For Sale
$709,000

Historic Trinidad eatery, prime location, high rental income.

Overview

Added:
Dec 11, 2024
Days on market:
92
This exceptional commercial property at 443 N Commercial St, Trinidad, CO 81082, presents a unique investment opportunity. The 13,419 square foot building, constructed in 1900, sits on a 5,850 square foot lot and is zoned for commercial use. Currently operating as Almack's Kitchen, a highly successful restaurant, the property boasts a net rentable area of 5,120 square feet, with an asking price of $709,000 ($52.84 per square foot). The sale includes all kitchen equipment, a walk-in refrigerator, and essential supplies. A significant advantage is the existing building permit and comprehensive construction documents for the development of seven apartments on the second floor, offering potential for substantial rental income diversification. The current lease provides more than sufficient revenue to cover building expenses, with annual rental increases. This two-story building presents a rare chance to acquire a thriving restaurant business with significant upside potential through residential unit development. The property's prime location in Trinidad, Colorado, ensures strong visibility and consistent customer traffic. This is a turnkey operation ready for immediate income generation and future expansion.

Highlights

  • Approved plans for a seven-unit apartment addition on the second floor, including full construction drawings.

Property Details for 443 Commercial St

Property type
Other retail properties, Individual retail properties
Square Feet
13,419 SF
Year Built
1900
Stories
2
Units
1

Location Insight

City
Trinidad
County
Las Animas
State
Colorado
Latitude
37.1719737
Longitude
-104.5073769
443 Commercial St, Trinidad, Colorado

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443 Commercial St
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