230 E Bridge St, Hotchkiss, CO 81419

Property Description

230 East Bridge Street sits on Highway 92 in the middle of downtown Hotchkiss, where about 8,100 vehicles pass the front door every day. The building was build in 1999 of concrete block and brick. It is single story, with full-height glass across the storefronts, and among the newest commercial buildings on the street. It occupies two parcels totaling 0.32+/- acre: the building lot with a loading and parking area at the back, and a separate 0.11 +/- acre parking lot that gives the property its own 11 spaces on top of street parking. Inside are three commercial spaces and a studio apartment, each commercial unit separately metered for electric and gas. The current owner spent real money on the parts that are expensive to add later: $25,000 of three-phase power, FRP on the walls of the production space so it can be used for food prep, and an office and break room built into what used to be a store room. A built-in walk-in refrigerator and freezer, a dishwash and a 3-bay sink stay with the building, and two additional walk-in freezers are available to purchase separately. The studio apartment at the back is approved by the Town of Hotchkiss as a residence and has its own paid water tap, a private fenced entrance and a storage shed. It is an income unit or an owner's quarters that does not depend on the commercial space in front of it. Take one unit and lease the other three. Take the whole building. Put the business in front and live in the studio behind it. Or lease all four and hold a Main Street asset in a town where nothing new is being build. Replacement cost here runs well over $250 per square foot, which is why no new commercial construction is happening in Hotchkiss.