416 State St, Trinidad, CO 81082

$795,000

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Property Description

What a tremendous opportunity! This multi-use commercial building is centrally located in Trinidad, CO, just walking distance from Trinidad State Junior College, close to multi-family and residential living, and with excellent visual access from I-25. This locally-owned operation spans over 17,000 sq ft and currently includes a full-sized laundromat, 6 motel rooms, 195 storage units, and flexible office space — ideal for an independent business, nail salon, or wellness clinic. A 1,600 sq ft apartment on the property adds even more value, whether for an on-site owner/manager or additional rental income. The possibilities here are endless. Imagine adding a food counter or coffee bar in the laundromat to create a new revenue stream, or repositioning the office space and motel rooms to serve the growing student and residential population nearby. With this much square footage, this many income streams already in place, and a location this visible, the upside is only limited by imagination.

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Listing courtesy of RE/MAX Associates.