1345 E Street
Salida, CO, 81201 $ 749,000
Bedrooms-- Baths-- Sq 872 Monthly Estimate*
$ 4,612
Listed by HomeSmart Preferred Realty
for $749,000. This 872 square foot building was built in 1900 on a lot size of 0.34.
Prime Mixed-Use Development Opportunity with Existing Home. 4 Lots Included Discover a rare investment opportunity with this large Mixed-Use Neighborhood (MU-N) zoned property in an excellent location, just a short bike ride from downtown Salida. This expansive offering includes all four lots and boasts stunning mountain views, outstanding development flexibility, and strong income potential. The property currently features a 3 bedroom, 1 bath home and a detached garage, offering the option to renovate, rent, or utilize the existing structures during the planning and development process. The home is a true diamond in the rough, ready to be transformed into a profitable asset or repurposed to maximize the site’s highest and best use. Once the existing home and garage are removed, the property may accommodate up to 5 residential units, presenting an excellent opportunity for multi-family development such as a duplex, triplex, townhomes, or similar configuration (buyer to verify with City of Salida). The Mixed-Use Neighborhood zoning also allows for a variety of commercial and lodging uses, including the potential for a boutique hotel, motel, hostel, or other income-producing project, making this a versatile opportunity for investors, builders, and developers looking to capitalize on Salida’s strong growth and housing demand. With its prime location near downtown amenities, restaurants, shopping, recreation, and bike paths, this property combines location, zoning flexibility, and development potential in one compelling package. Don’t miss this exceptional opportunity to create value in one of Salida’s most desirable areas. Please see the virtual tour for additional perspective on the property and its potential.
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FeaturesGeneralSewer Public Sewer
Utilities Electricity Available Electricity Connected Natural Gas Available Natural Gas Connected
Possession Closing/DOD
Zoning Commercial / Residential
Garage Spaces 0
Exclusions Seller's Personal Property
Year Built 1900
Electric 110V 220 Volts
Property Subtype Commercial Land
Tax Year 2024
Current Use Commercial Residential
County Chaffee
Property Type Commercial Sale
Attached Garage N
Status Active
Directions From Hwy 50 turn right on E st home is on the right on the corner. From downtown Salida head south on E St. towards Hwy 50 home is on the left hand side.
City Salida
Lot Size Units Acres
Lot Size Square Feet 14810.4
Carport Spaces 0
Listing Terms Cash Conventional
Tax Annual Amount 1591
Standard Status Active
Cap Rate 0
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ExteriorLot Features Corner Lot
Water Source Public
Total Parking 0
Lot Size Area 0.34
Building Area Total 872
Lot Size Acres 0.34
Road Surface Type Paved
Road Frontage Type Public Year Round
Road Responsibility Public Maintained Road
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* Excluded FeaturesList ByHomesmart Preferred RealtyBroker
Affordability Calculator
- Monthly Principal & Interest
- $4,612
- Monthly Property Taxes
- $133
- Monthly Home Insurance
- --
Default based on a 30-year fixed rate of 6.25% 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.
Learn more about how to save NearbyCommerical listings in Salida, CO
Average List Price $999,350
Percent of Sale Price 33%
About Salida, CO 5,935 Population
10% Since 2002
$ 45,967 Median Income
48.07 Median Age
21% Households with Children
Trends Information provided by ATTOM Data Solutions.
242254 Elementary School
242425 Middle School
Unknown High School High School
Pricing History| Date | Price | Price Change | Description |
|---|
| 4/1/2026 | $749,000 | -6.26% | Price Down |
| 11/5/2025 | $799,000 | | Listed Price |