480 Wolverine Drive # 1 Bayfield, CO $ 2,500,000
480 Wolverine Drive # 1
$ 2,500,000
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480 Wolverine Drive # 1

Bayfield, CO, 81122
$ 2,500,000
Baths0.0 Sq 18,822

Monthly Estimate*

$ 17,463

Listed by SHOCKCOR INC
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Studio

Commercial Property for sale in Bayfield, CO

for $2,500,000. This 18,822 square foot building was built in 2005 on a lot size of 1.89.

This multi-tenant property has undergone over $400,000 worth of improvements by the current owner to reposition the center into Bayfield’s premier business center. The Bayfield Center Plaza hosts a diverse mix of vibrant businesses that compliment and support each other. Well maintained building with upside in the Bayfield Business Center District that was established in 2001. Quality 2005/2009 construction with excellent rental history. The BBC is located north of Highway 160 and has 38 commercial parcels on 56 acres. Other businesses in the BBC are Lewis True Value Hardware, TBK Bank, Family Dollar, Dollar Store, and the Pine River Library. There is ample parking. Other great features: Low maintenance, upgrades & professional management. An easy to own investment property!

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Commercial Contingent

Price

$ 2,500,000

Bedrooms

Studio

Property Type

Commercial

Taxes

$ 31,888

Style

StripCenter

Lot Size

1.89

Year Built

2005

Town/City

Bayfield

County/Region

La Plata

MLS | Web ID

6651897

Features
General
Sewer Public Sewer
Utilities Electricity Connected Internet Access (Wired) Natural Gas Connected Phone Available Sewer Connected
Possession Closing/DOD
Roof Metal
Zoning Commercial
Garage Spaces 0
Security Features Security Lights
Construction Materials Metal Frame Metal Siding Stone Stucco
Exclusions Tenant Personal Property and Trade Fixtures
Year Built 2005
Electric 220 Volts Single Phase
Stories 1
Unit Number 1
Property SubType Retail
Tax Year 2022
Current Use Commercial Medical/Dental Office Place of Worship Restaurant Retail
Building Name Bayfield Center Plaza
County La Plata
Property Type Commercial Sale
Attached Garage N
Contingency None Known
Status Pending
Directions The Town of Bayfield is located in southwest Colorado in the eastern part of La Plata County. It is approximately 18 miles east of Durango and 50 miles west of Pagosa Springs on Highway 160. Highwa
City Bayfield
Total Units 14
Lot Size Square Feet 82328.4
Carport Spaces 0
Street Name Wolverine
Listing Terms Cash Conventional
Tax Annual Amount 31888
Leasable Area 17556
Structure Type StripCenter
Standard Status Active Under Contract
Occupancy Description Tenant (Multiple)
Cap Rate 7.1
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Exterior
Parking Features Asphalt Lighted
Lot Features Landscaped
Water Source Public
Total Parking 104
Lot Size Area 1.89
Building Area Total 18822
Lot Size Acres 1.89
Road Surface Type Alley Paved
Lot Size Units Acres
Road Frontage Type Public
Road Responsibility Public Maintained Road
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Interior
Street Suffix Drive
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Internal Only
Street Number 1 480
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* Excluded Features
List By
Shockcor Inc

Broker

(720) 937-4403

Phone

Affordability Calculator

$20,121
Per Month
87%
13%
0%
Monthly Principal & Interest
$17,463
Monthly Property Taxes
$2,657
Monthly Home Insurance
--
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
242254 Elementary School
242425 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
5/9/2023$2,500,000 -10.71% Price Down
2/16/2023$2,800,000 Listed Price

Map


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480 Wolverine Drive # 1, Bayfield, CO, 81122 is a Commercial Property for sale at $2,500,000 with 18,822 sqft and a lot size of 1.89. 480 Wolverine Drive # 1 is a studio with 0.0 baths and was built in 2005. The property's zip code is 81122 which is in Bayfield, CO