331-335 Main StTrinidad, CO 81082

For Sale
$749,000

26,000 SF, 12-unit apartment potential, redevelopment opportunity.

Overview

Added:
Dec 11, 2024
Days on market:
90
This exceptional mixed-use property, located at 331-335 W Main St, Trinidad, CO 81082 (APN R0006136), presents a compelling redevelopment opportunity. The 26,000 square foot building, constructed in 1883 and boasting four stories, is currently vacant. The property features three ground-floor retail spaces, each approximately 2,500 square feet, offering significant Main Street frontage. Above the retail spaces are twelve framed-out apartment units ready for completion. Additionally, a sublevel offers flexible space ideal for creative uses. The asking price is $749,000 ($28.81/SF). The property is zoned for commercial use and includes a parking lot located directly behind the building at 134 N. Animas St. Renovations were started but remain incomplete. This investment is categorized as owner/user and redevelopment, presenting a unique chance to capitalize on Trinidad's revitalization efforts. Potential tax incentives such as historic grants and enterprise zone credits may be available. This is a rare chance to own a piece of Trinidad's rich history and contribute to its exciting future.

Highlights

  • Prime location in Trinidad, Colorado's revitalizing community.
  • Exceptional opportunity for investors seeking high-growth potential.
  • Strong tenant demand in a rapidly developing market.
  • Attractive ROI projections for savvy investors.
  • Benefit from the city's ongoing infrastructure improvements and economic growth initiatives.

Property Details for 331-335 Main St

Property type
Other mixed-use properties, Mixed-use properties
Square Feet
26,000 SF
Year Built
1883
Buildings
1
Stories
4

Location Insight

City
Trinidad
County
Las Animas
State
Colorado
Latitude
37.1677955
Longitude
-104.50749
331-335 Main St, Trinidad, Colorado

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331-335 Main St
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