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$6,500,000
2.2± Acres
Active
La Plata County, CO
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381 Colorado, Bayfield, Colorado

MLS ID: 829904
Status: Active
Price: $6,500,000
Acres: 2.2±
Type: Business, Commercial
Address: 381 Colorado
City, State: Bayfield, CO
County: La Plata County
ZIP Code: 81122
Lat/Long: 37.232986, -107.595732
Parcel Number: 567712200058
Listed by: Leigh Holmes of United Country Blue Sky Homes And Land
Bathrooms: 11
SqFt: 21,000
Year Built: 1983

Description

Acquire the dominant, grocery-anchored retail center in Bayfield, CO, which includes the highly profitable, turnkey grocery store business. The investment is structured in two distinct parts for maximum buyer flexibility: the Entire Asset (Real Estate + Business) is priced at $6,500,000, while the separate Grocery Store Business only can be purchased for $3,000,000. The entire retail center is a substantial asset totaling 21,100 Rentable Square Feet across 10 commercial suites and maintains a high occupancy rate. The property also generates additional revenue from specialty vendors and kiosks located within the parking lot. The tenant base is anchored by the community's sole grocer, which boasts a proven operational track record of over 30 years at this location. Strategically positioned just off State Highway 160, the property benefits from a high traffic visibility of 9,700 vehicles AADT. A major value-add opportunity exists due to current lease structures, which are notably below comparable market rates, providing a clear and substantial path to Net Operating Income (NOI) growth upon tenant renewal. This positioning allows an investor to capture significant rental upside, turning this essential community asset into a high-performing investment vehicle.

Additional Information

Interior

Bathrooms Half: 9
Building Area Total: 18,000
Cooling (Yes/no): Yes
Cooling: Central Air
Flooring: Carpet, Concrete, Other, Tile, Vinyl
Furnished: Unfurnished
Heating (Yes/no): Yes
Heating: Forced Air, Natural Gas, Other

Exterior

Inclusions: Fixtures, Furniture
Lot Dimensions Source: Assessor
Lot Size Dimensions: 219x314
Parking Features: Paved, Parking Spaces
Parking Total: 90
Property Attached: Yes
Road Frontage Type: City Street, Highway
Road Surface Type: Paved
Stories: 2
Water Source: Public

Financial/HOA/Schools

Days On Market: 4
Zoning Description: Commercial

Extra Information

Disclosures: Seller Disclosure
Documents Available: Lease
Virtual Tour: https://my.matterport.com/show/?m=3xzEShGm9pv

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Listed By: Leigh Holmes of United Country Blue Sky Homes And Land