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312 1st St

Severance, CO 80546
  • $1,075,000
  • STATUS: Active
  • ON SITE: 34 Days
  • MLS #: 1001916
UPDATED: 30 min ago
$1,075,000
  • 0
    BEDS
  • 0.69
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Commercial
Built:
1948
County:

School Ratings & Info

Description

Live and work in this incredible mixed-use property on 1st street in the heart of Severance Colorado. This one of a kind property blends historical character with modern amenities. With three separate units, two residential and one industrial, this property will immediately generate income and provide long-term redevelopment potential. Main floor residential unit is 1BR, 2BA with full kitchen, office, washer/dryer hookups and spacious living area. Upstairs, a separate, modern studio apartment with kitchenette and updated 3/4 bath has a long history as a short term rental with over 260 occupied nights in 2023. Residential units share access to outdoor patio space with hot tub hookups, garden shed, and parking spaces for two RVs or travel trailers. The residential portion is separated from the industrial unit by a 2hr fire wall and a lobby/storage area with fire suppression system that protects the entire residential portion of the property. The Industrial unit totals 4,837SF of which, 3,570SF is a fully insulated and heated shop w/new 13ft overhead roll up door, overhead radiant heating, new lighting, and a private bathroom with shower. Entire building's insulation was updated w/closed cell foam. Stub ins for second bathroom are available. 400 amp electrical service is newly updated from recent tenant finish. 1,267SF of unconditioned storage space is immediately adjacent to main shop with an exterior 10ft overhead roll up door and interior access directly to main shop by man door. Industrial space includes 16,000SF fully fenced storage yard with access from both 3rd ave and 2nd st. Entire parcel consists of 8 city lots with an additional sewer drop on 3rd st for future building/development.

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© 2024 Information and Real Estate Services, LLC. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Downtown Real Estate Brokers, LLC.. Data last updated: 2024-02-24T07:42:26.457.

Information source: Information and Real Estate Services, LLC. Provided for limited non-commercial use only under IRES Rules © Copyright IRES.
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312 1st St Severance, CO 80546

  • Price: $1,075,000
  • Status: Active
  • On Site: 34 Days
  • Updated: 30 min ago
  • MLS #: 1001916
0
Beds
0
Baths
0
½ Baths
0.69
Acres
1948
Built
Neighborhood:
Severance Town
County:
Weld
Area:
10 Weld County (all)
Property Description
Live and work in this incredible mixed-use property on 1st street in the heart of Severance Colorado. This one of a kind property blends historical character with modern amenities. With three separate units, two residential and one industrial, this property will immediately generate income and provide long-term redevelopment potential. Main floor residential unit is 1BR, 2BA with full kitchen, office, washer/dryer hookups and spacious living area. Upstairs, a separate, modern studio apartment with kitchenette and updated 3/4 bath has a long history as a short term rental with over 260 occupied nights in 2023. Residential units share access to outdoor patio space with hot tub hookups, garden shed, and parking spaces for two RVs or travel trailers. The residential portion is separated from the industrial unit by a 2hr fire wall and a lobby/storage area with fire suppression system that protects the entire residential portion of the property. The Industrial unit totals 4,837SF of which, 3,570SF is a fully insulated and heated shop w/new 13ft overhead roll up door, overhead radiant heating, new lighting, and a private bathroom with shower. Entire building's insulation was updated w/closed cell foam. Stub ins for second bathroom are available. 400 amp electrical service is newly updated from recent tenant finish. 1,267SF of unconditioned storage space is immediately adjacent to main shop with an exterior 10ft overhead roll up door and interior access directly to main shop by man door. Industrial space includes 16,000SF fully fenced storage yard with access from both 3rd ave and 2nd st. Entire parcel consists of 8 city lots with an additional sewer drop on 3rd st for future building/development.
Exterior Features

Construction Materials Metal Siding Exterior Features Lighting Fencing FencedChain Link Foundation Details Slab Horse YN No Lot Features CurbsGuttersFire Hydrant within 500 FeetLevelWithin City Limits Road Frontage Type City Street Road Surface Type PavedAsphalt Roof Metal View City Waterfront YN No

Interior Features

Basement None Building Area Total 7835 Building Features Storage on SiteLoading: Drive-inLoading: Drive-in overhead doors Cooling Refrigeration/HVACMulti Units Cooling YN Yes Flooring Concrete Heating Heat PumpBaseboardZonedRadiant2 or more Heat Sources Heating YN Yes Interior Features High Speed InternetCeiling: Over 20 Feet Living Area Source Plans

Property Features

Association YN No Business Type Incorporated AreaWarehouseMixedVariety Cap Rate 8.5 Ditches Active YN No Electric Electric3-Phase Electric Exclusions All items of Seller's and Tenant's personal property Gas Natural Gas Gross Income 114910.04 Has Improvements No Has Water Rights No Income Includes Lease/RentsCommon Area Fees Listing Sub Status None Listing Terms CashConventional1031 Exchange Locale Severance Net Operating Income 91366.89 New Construction YN No Operating Expense 23543.15 Possible Use Single FamilyMulti-FamilyCommercialCommercial or IndustrialAdditional Units Property Condition Not NewPreviously Owned Property Sub Type Sale: Commercial/Industrial Sale Includes Building(s)Land Senior Community YN No Sewer City Sewer Special Listing Conditions Private Owner Tax Annual Amount 9443.15 Tax Year 2023 Tenant Pays DepositGasElectricityWaterSewerTaxesInsuranceJanitorial-CommonFixed Annual Escalation Utilities Natural Gas AvailableElectricity Available Water Source City WaterTown of Severance Zoning Town Core

Listing information © 2024 Information and Real Estate Services
Listing provided courtesy of The Barefoot Team of RE/MAX Advanced Inc.: 9702815049.



© 2024 Information and Real Estate Services, LLC. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Downtown Real Estate Brokers, LLC.. Data last updated: 2024-02-24T07:42:26.457.

Information source: Information and Real Estate Services, LLC. Provided for limited non-commercial use only under IRES Rules © Copyright IRES.
 
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