514 Main St, Windsor, CO 80550
sale
$1,895,000
|
Retail
Courtesy Of Prestigio Real Estate
Exceptional Downtown Windsor Mixed-Use Investment Opportunity! Rare opportunity to acquire a fully renovated, income-producing mixed-use property in the heart of Downtown Windsor. Located directly on Main Street, this building combines an established commercial restaurant/pub with two residential apartments, offering diversified income within one of Windsor's most established and walkable commercial districts. The property features 5,000 square feet above grade, plus an additional 2,500-square-foot full basement currently utilized by the commercial tenant for storage and operational needs. The main level is occupied by an established restaurant/pub tenant under a NNN lease, currently paying approximately $4,370 per month in base rent with 3% annual increases. The commercial tenant also reimburses approximately half of the building's property taxes and insurance and pays its own utilities, providing an attractive and growing income stream for ownership. The upper level contains two extensively updated residential apartments-a three-bedroom residence and a two-bedroom residence-currently generating approximately $3,700 per month combined. The property has undergone substantial improvements within the past five years, including renovations throughout both the commercial and residential portions of the building. Additional improvements include a dedicated tap system, extensive restaurant infrastructure, and a fire sprinkler suppression system throughout the building. With roughly $96,700 in current annual base rental income, contractual commercial rent increases, multiple income streams, significant usable basement space, and substantial recent capital improvements, 514 Main Street offers a compelling combination of current income and long-term ownership value. This is an opportunity to acquire a stabilized Main Street asset with established tenancy, residential income, and meaningful replacement-cost advantages in one of Northern Colorado's growing downtown districts.
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Property Features
- Age: Over 50 Years Old
- Amenities: Disabled Access
- Amenities: Basement
- Appliance: Fire Alarm
- Cooling System: Central Air
- Exterior Type: Wood Siding
- Exterior Type: Frame
- Exterior Type: Brick
- Exterior Type: Stone
- Exterior Type: Stucco
- Heating System: Forced Air
- MLSID: 1069824
- Roof Type: Flat
- Rooms: Basement
- View Type: Water
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