Mixed use building and property on Mill Street in beautiful down town Bayfield. There are two apartments that have leases as of June 1, 2018. One lease is a two lease and the other is a one year lease. The two leases provide income of $1,300.00 per month and the tenants pay the electric and natural gas costs. Building is approx. 2,032 sq ft setting on approx. 0.198 acre. A large back yard that opens into the ally for an entrance that will allow for expansion of the building or a large garage/workshop. Open floor plan that has many possibilities. There are two apartments that are rented which will be good extra revenue and assist in paying a mortgage. There are many possibilities for this mixed use lot, retail, professional, commercial, apartment building, light assembly, etc. A buyer could build additional stories to the building and expand it into the open back yard space that could generate multiple income possibilities. There is a possible opportunity to build a several complex with an additional hundreds of square feet of revenue generating space.

  • MLS# 736703
  • Sub-Type Resale
  • Status Active
  • Year 1911
  • Days On Site 284
SQ Feet 2,032
Story(s) 1
Units 1
Zoning Commercial/Mixed Use
Listing Provided By:
Victor Schultheiss  of  The Wells Group of Durango Inc.
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
this listing $189,000
34.60%
$289,000 in 81122
this listing 2,032 SqFt
9.25%
1,860 SqFt in 81122
this listing $93 $/SqFt
40.20%
$156 $/SqFt in 81122
this listing 284 on site
202.13%
94 on site in 81122

Location

State CO
City Bayfield
Zip Code 81122
Area Bayfield In Town

Loading Form

Real Estate Links Our Domains