245 E Rainbow Boulevard

Salida, CO 81201
Square Ft.
5,028
$950,000
Charming Office Building in Prime Highway 50 location. This large office building on a large lot, ideally situated on the bustling Highway 50 corridor, is a great investment. Renovated in 2006 with 13 offices, all currently rented (most on month to month leases), ample parking, and room to expand. WithoutRead MoreRead Less
Market LogoCourtesy of Pinon Real Estate Group LLC [email protected]
Listing Snapshot
Days Online
119
Last Updated
Property Type
Office
Square Ft.
5,028
Lot Size
0.87 Acres
Year Built
1964
MLS Number
2215517
30 Days Snapshot Of 81201
$760k
-19%
(avg) sold price
27
+22%
homes sold
81
-28%
(avg) days on market
Snapshot
Area Map
Additional Details
Property Access
Road Frontage Type: "Public", Road Responsibility: "Public Maintained Road", Road Surface Type: "Paved"
Building
Building Class: Class C, Building Name: Buffalo 50, Effective Year Built: 2006, Features: "Common Area Boardroom", "Signage Included", Occupant Type: Tenant, Stories: 1, Structure Type: "Free Standing", Total Area: 5028, Unit Count: 1, Unit Types: "Array", Built in 1964, 13 total units
Disclosures
Exclusions: Tenants' personal property. Seller's personal property in the back shed.
Expenses
Operating Expense Includes: "Insurance", "Maintenance", "Personal Property Tax", "Professional Management", "Utilities", Operating Expense: $36,706
Home Owner's Association
Association Fee Total Annual: $0, Association Fee Annual: 0.00, Association Fee 2 Annual Expense: 0.00, Association Fee 3 Annual Expense: 0.00
Income
Gross Income: $85,800
Lot
Acres: 0.87, Area: 0.87, Features: "Irrigated", "Landscaped", "Sprinklers In Front", Parcel Number: R380705300109, Square Feet: 37897.2
Energy Saving
Green Verification Count: 0
Parking
Parking Total: 20, Carport Spaces: 0, Offstreet Spaces: 20, Reserved Spaces: 0, RV Spaces: 0, Parking Count: 1
Property
Current Use: "Office", Property Sub Type: Office, Well Type: Operational, Zoning: Commercial
Roof
Roof: "Composition"
Sewer
Sewer: "Community Sewer"
Taxes
Annual Amount: 10145, Legal Description: LOT 1 BUFFALO 50-HIBBS BLAPLAT 432753 SAL446 REC 469751ANNEXATION PLAT 432161 SAL444, Tax Year: 2023
Tenant Pays
Tenant Count: 0
Utilities
Power Production Count: 0, Utilities: "Electricity Connected", "Natural Gas Connected", "Sewer Connected", Water Included, Water Source: "Public"
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