Address
312 1st St, Severance, CO
Price
$ 1,075,000
Property Attributes
  • MLS#1001916
  • TypeCommercial
  • CountyWELD
  • CitySeverance
  • AreaGreeley-Weld
  • NeighborhoodSeverance Town
  • Zip80546
  • Style
  • Year Built1948
  • Taxes$ 9443
  • Price$ 1,075,000
  • Bedrooms0
  • Full Bathrooms0
  • Half Bathrooms0
  • Lot Size0.69 Acres
Data Source:
Information and Real Estate Services (IRES)
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.

Price History
1/21/2024 Listed $1,075,000

General Features

Interior Features High Speed Internet,Ceiling: Over 20 Feet
Sewer City Sewer
Heating Heat Pump,Baseboard,Zoned,Radiant,2 or more Heat Sources
Cooling Refrigeration/HVAC,Multi Units
Utilities Natural Gas Available,Electricity Available
Roof Metal
Exterior Features Lighting
Zoning Town Core
Gas Y/N Natural Gas
Construction Materials Metal Siding
Exclusions All items of Seller's and Tenant's personal property
Year Built 1948
Electric Electric,3-Phase Electric
Tenant Pays Deposit,Gas,Electricity,Water,Sewer,Taxes,Insurance,Janitorial-Common,Fixed Annual Escalation
View City
Property SubType Sale: Commercial/Industrial
Tax Year 2023
Gross Income 114910.04
Business Type Incorporated Area,Warehouse,Mixed,Variety
County Weld
Net Operating Income 91366.89
Operating Expense 23543.15
New Construction No
Property Type Commercial Sale
HOA / Comm Assn No
Attached Garage No
Subdivision Name Severance Town
Possible Use Single Family,Multi-Family,Commercial,Commercial or Industrial,Additional Units
Garage Y/N No
Building Features Storage on Site,Loading: Drive-in,Loading: Drive-in overhead doors
Status Active
City Severance
Buyer Agent Compensation 3.00
Senior Community Y/N No
MLS Area Greeley/Weld
Lot Size Square Feet 30000
Waterfront Y/N No
Street Name 1st
Property Attached Y/N No
Land Lease Y/N No
Tax Annual Amount 9443.15
Property Condition Not New,Previously Owned
Virtual Tour https://my.matterport.com/show/?m=VJD4p9x3u7q&qs=1
Days on Market 20
Standard Status Active
Cap Rate 8.5
Buyer Agent Compensation Type %

Interior Features

Basement None
Flooring Concrete
Air Conditioning Y/N Yes
Heating Y/N Yes
Fireplace Y/N No
Street Suffix St
LivingAreaSource Plans
Living Area Units Square Feet

Exterior Features

Fencing Fenced,Chain Link
Lot Features Curbs,Gutters,Fire Hydrant within 500 Feet,Level,Within City Limits
Water Source City Water,Town of Severance
Lot Size Area 30000
Foundation Details Slab
Spa No
Building Area Total 7835
Lot Size Acres 0.69
Road Surface Type Paved,Asphalt
Lot Size Units Square Feet
Road Frontage Type City Street
Horse Y/N No

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Commercial Average in 80546

Price
AVG $1.08M
$1.08M
Taxes
AVG $9,443
$9,443
Visits
AVG 31
30
Data Provided by Inside Real Estate®
Year Built
AVG 1948
1948