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324 E Railroad Ave Fort Morgan, CO 80701
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Key Details
Sold Price $695,000
Property Type Commercial
Sub Type Sale: Commercial/Industrial
Listing Status Sold
Purchase Type For Sale
Square Footage 6,872 sqft
Subdivision Fort Morgan Original Town
MLS Listing ID 990243
Sold Date 09/01/23
HOA Y/N false
Abv Grd Liv Area 6,872
Originating Board IRES MLS
Year Built 1949
Annual Tax Amount $9,194
Lot Size 0.310 Acres
Acres 0.31
Property Description
Smart investment opportunity to purchase an income-producing commercial property with established tenants and low vacancy rate. Building has 10 suites which vary in size and number of offices; it has been consistently well-maintained and includes commercial-grade finishes and HVAC system. Property sits on a corner lot in the B-2 (General Business) zoning district with adequate parking and a low-maintenance exterior; it is surrounded by other commercial properties and is easily accessed via a main traffic thoroughfare. The City of Fort Morgan is a rapidly-growing area just 1-hr outside of metro Denver with a strategic economic development plan to encourage and incentivize business growth.
Location
State CO
County Morgan
Area Morgan
Zoning B-2
Rooms
Basement None
Interior
Heating Forced Air
Cooling Refrigeration/HVAC
Exterior
Exterior Feature Lighting
Utilities Available Natural Gas Available, Electricity Available
Waterfront false
Roof Type Composition
Street Surface Paved,Asphalt
Handicap Access No Stairs
Building
Lot Description Curbs, Gutters, Sidewalks, Corner Lot
Water City Water, City of Fort Morgan
Structure Type Wood/Frame,Composition Siding
New Construction false
Others
Senior Community false
Tax ID 122906427001
SqFt Source Assessor
Special Listing Condition Private Owner
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Bought with Cornerstone Brokers, LLC