11 Primrose St, Palmer Lake, CO 80133

6,464 SF | 100% Leased | Retail Building | Palmer Lake, CO 80133 | $1,530,000 ($237/SF)

Date Added:
September 16, 2024
Days on Market:
2 days

Asking Price $1,530,000

Property Type
Retail, Restaurant
Square Feet
6,464 SF
Price / Square Foot
$237

Listing Contacts

Trish Flake
Trish Flake
Verified Profile
  • Property Info

Property Overview

Multi-use building zoned "convenience-commercial," a Palmer Lake zoning, with numerous permitted and/or conditional uses including residential & commercial combined. Current space use is: a restaurant, a bar, a coffee shop, and a retail/gaming fellowship. 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!

Property Details

Class
B
Year Built
1995
Stories
2
Property Subtype
Other Restaurants, Freestanding, Storefront Retail/Residential
Lot Size (sq. ft)
9,583 SF

Highlights

  • Heavy Traffic, both vehicle and pedestrian!
  • Expansive Deck for Outdoor Dining!
  • Perfect Spot for a Brewery!
  • Transform Lower Level to Apartments for Income!
  • Most Local Restaurants are in Business for 20+ years!

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