11 Primrose Street, Palmer Lake, CO

$1,275,000

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5,824

Square feet

0.22

Acres

About 11 Primrose Street

Multi-use building zoned "commercial-convenience," a Palmer Lake zoning, with numerous permitted and/or conditional uses including residential & commercial combined. Space currently houses several small businesses including a restaurant, a bar, a coffee shop, and a hair salon. Property also includes income from a 25-year lease with Verizon for a cellular tower on the building rooftop. Excellent frontage on (State) Highway 105, located across from Palmer Lake and the Palmer Lake Recreation Area frequented by visitors for boating, paddle-boarding, fishing and local events that draw 1000's of visitors like the Palmer Lake Wine Festival, the 4th of July Fireworks celebration, youth sports, WinterFest, and so many other events year-round. Palmer Lake is a small mountain town that draws people from the surrounding Denver and Colorado Springs metro areas for day-trips. It is rapidly becoming a destination location where a day of hiking or biking on the miles of trails is always started or topped off with a visit to one of the 1st rate restaurants or coffee shops in Town! Building is 100% occupied with gross rent leases and has been impeccably maintained! The building is nestled between Ben Lomand and Sundance Mountains so patrons can enjoy the stunning lake and mountain views from the large deck! Seller is in the process of making a drive-thru window for the coffee shop!

Features of 11 Primrose Street

MLS® # 7875964
Price $1,275,000
Square Footage 5,824
Acres 0.22
Year Built 1995
Type Commercial
Sub-Type Retail
Status Active

Community Information

Address 11 Primrose Street
Subdivision Palmer Lake
City Palmer Lake
County El Paso
State CO
Zip Code 80133

Additional Information

Foreclosure No
Short Sale No
RE / Bank Owned No

Listing Details

OfficeMain Street Brokers

Listing Map

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