327 4th Street Hugo, CO ^$ 170,000

327 4th Street

^$ 170,000

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327 4th Street

Hugo, CO, 80821

^$ 170,000

Studio Baths0.0 Sq 3,250

Monthly Estimate*

^$ 1,188

Listed by Gordon Real Estate Group

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Studio

Commercial Property for sale in Hugo, CO

for $170,000. This 3,250 square foot building was built in 1916 on a lot size of 0.08.

Welcome to a little slice of heaven! This antique boutique has been in business since 2006 and continues to be a favorite among those seeking to find treasures. With over 40 venders (and with a waiting list) this business continues to be a favorite among antique and treasure seekers. The proud owner of the business has had a flourishing shop for nearly 20 years! Each individual dealer can decorate and display their space with the items they want to showcase! This allows every individual to express themselves differently and allows for a true one-of-a-kind store! No two times when you visit will you see the same merchandise. Located directly off US highway 40/287, this store has around 6300 vehicles pass by it daily according to the Colorado Department of Transportation 2022 traffic counts. This store is also located on the main street of Hugo, CO. This store is surrounded by a coffee shop, bank, bar, and grocery store right along Hugo’s Main Street. This store has also been known for its ice/cream soda shop, smoothies, and rare finds! It is truly an icon of eastern Colorado and the town of Hugo. With a total of 3250 sq. ft. The main floor has 2500 sq. ft. while the loft has an additional 750 sq. ft. There is a partial basement with nice storage space of approximately 750 sq ft. There are both women’s and men’s restrooms in the back. The bones of this building are solid. This business is a great opportunity for owning a turn-key business. Walk into a building full of years of hard work and love poured into the walls and continue enjoying the fruitfulness of the business and the smile of the happy customers! Check out the highlight video here - https://youtu.be/jQPlZRU8Kio?si=hPpiCc2U8DYhU6d5

Commercial Active

Price

^$ 170,000

Bedrooms

Studio

Property Type

Commercial

Taxes

^$ 1,606

Style

Lot Size

0.08

Year Built

1916

Town/City

Hugo

County/Region

Lincoln

MLS | Web ID

8893504

Features

General

Sewer Community Sewer

Zoning COMMERCIAL

Garage Spaces 0

Exclusions Vender's personal property

Year Built 1916

Property SubType Retail

Tax Year 2022

Current Use Retail

Gross Income 62970

Building Name Main Street Mama's

County Lincoln

Operating Expense 51897

Property Type Commercial Sale

Attached Garage N

Status Active

City Hugo

Buyer Agent Compensation 2.50

Total Units 1

Lot Size Square Feet 3500

Carport Spaces 0

Street Name 4th

Listing Terms Cash Conventional

Tax Annual Amount 1606

Virtual Tour https://youtu.be/jQPlZRU8Kio?si=hPpiCc2U8DYhU6d5

Standard Status Active

Occupancy Description Tenant (Multiple)

Cap Rate 6.5

Buyer Agent Compensation Type %

Exterior

Water Source Public

Total Parking 4

Lot Size Area 3500

Building Area Total 3250

Lot Size Acres 0.08

Lot Size Units Square Feet

Interior

Street Suffix Street

Internal Only

Street Number 1 327

* Excluded Features

List By

Gordon Real Estate Group

Broker

(719) 349-0423

Phone

Affordability Calculator

$1,321

Per Month

Monthly Principal & Interest: $1,188
Monthly Property Taxes: $134
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 Hugo, CO

Average List Price ^$170,000

Percent of Sale Price 0%

About Hugo, CO

752 Population

-10% Since 2002

^$37,065 Median Income

45.64 Median Age

17% 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
11/12/2023	$170,000		Listed Price

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327 4th Street, Hugo, CO, 80821 is a Commercial Property for sale at $170,000 with 3,250 sqft and a lot size of 0.08. 327 4th Street is a studio with 0.0 baths and was built in 1916. The property's zip code is 80821 which is in Hugo, 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.

The data relating to real estate on this web site comes in part from the Internet Data eXchange (IDX) Program of the REcolorado. Real estate listings held by firms other than Weichert Realtors are marked with the IDX logo and detailed information about them includes the Listing Broker’s Firm Name.

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 4/29/2024.

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327 4th Street

Commercial Property for sale in Hugo, CO

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