11 Primrose Street Palmer Lake, CO ^$ 1,530,000

11 Primrose Street

^$ 1,530,000

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11 Primrose Street

Palmer Lake, CO, 80133

^$ 1,530,000

Studio Baths0.0 Sq 5,864

Monthly Estimate*

^$ 10,688

Listed by Main Street Brokers

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Studio

Commercial Property for sale in Palmer Lake, CO

for $1,530,000. This 5,864 square foot building was built in 1995 on a lot size of 0.22.

Multi-use building zoned "convenience-commercial," a Palmer Lake zoning, with numerous permitted and/or conditional uses including residential & commercial combined. Space currently houses a restaurant, a bar, a coffee shop, and a retail gaming store/club. Public overflow parking is directly across the street. Commercial kitchen with all equipment included for restaurant, bar and coffee shop including furniture and furnishings! Make this your turnkey dream come true! Plenty of storage! Huge dining room with metal ceiling panels plus a beautiful bar and plenty of room for bands and dancing! 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 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! Convert lower level to apartments and run the restaurant! There are so many real options with this building!

Commercial Active

Price

^$ 1,530,000

Bedrooms

Studio

Property Type

Commercial

Taxes

^$ 14,512

Style

Lot Size

0.22

Year Built

1995

Town/City

Palmer Lake

County/Region

El Paso

MLS | Web ID

9877026

Features

General

Sewer Public Sewer

Possession Closing/DOD Negotiable

Zoning CC

Garage Spaces 0

Year Built 1995

Stories 2

Property SubType Retail

Tax Year 2023

Current Use Restaurant Retail

Building Name Journey's End

County El Paso

Property Type Commercial Sale

Attached Garage N

Status Active

Directions From I25 exit 161 follow Hwy 105 North to Palmer Lake. Property is on the corner of Hwy 105 and Primrose across from the Post Office

City Palmer Lake

Buyer Agent Compensation 3.0

Total Units 1

Lot Size Square Feet 9583.2

Carport Spaces 0

Street Name Primrose

Listing Terms Cash Conventional

Tax Annual Amount 14512

Lease Considered Y/N N

Standard Status Active

Occupancy Description Owner

Cap Rate 0

Buyer Agent Compensation Type %

Exterior

Parking Features Asphalt

Lot Features Landscaped

Water Source Public

Total Parking 18

Lot Size Area 0.22

Building Area Total 5864

Lot Size Acres 0.22

Road Surface Type Paved

Lot Size Units Acres

Road Frontage Type Public

Road Responsibility Public Maintained Road

Interior

Street Suffix Street

Internal Only

Street Number 1 11

* Excluded Features

List By

Main Street Brokers

Broker

(719) 481-4810

Phone

Affordability Calculator

$11,897

Per Month

Monthly Principal & Interest: $10,688
Monthly Property Taxes: $1,209
Monthly Home Insurance: --

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Default based on a 30-year fixed rate of 7.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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Nearby

Trends
Schools

Commerical listings in Palmer Lake, CO

Average List Price ^$1,530,000

Percent of Sale Price 0%

About Palmer Lake, CO

2,377 Population

32% Since 2002

^$77,637 Median Income

45.86 Median Age

29% Households with Children

View more area information

Trends Information provided by ATTOM Data Solutions.

242254 Elementary School

242425 Middle School

Unknown High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
3/29/2024	$1,530,000		Listed Price

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11 Primrose Street, Palmer Lake, CO, 80133 is a Commercial Property for sale at $1,530,000 with 5,864 sqft and a lot size of 0.22. 11 Primrose Street is a studio with 0.0 baths and was built in 1995. The property's zip code is 80133 which is in Palmer Lake, CO

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 7.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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The information being provided is 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.

Data is updated as of 5/4/2024.

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11 Primrose Street

Commercial Property for sale in Palmer Lake, CO

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