343 4th St, Hugo, CO 80821

  • MLS# 9036027
  • Status For Sale
  • Listed 4 Months 22 Days Ago
  • 4 Beds · 7500 Sqft
  • $245,000 $32.67/Sqft
  • Multi-Family Home
  • Lot Size3500 Sqft
  • Year Built1909

"The Korner" Store is officially on the market! This Iconic & Historic Mixed-use Building is in the Prime Location! – Corner Lot on the Major Hwy US-287 S/US-40 E. Approx. 6000 vehicles drive past the shop daily on this Hwy - Ref. State of CO. A turnkey operation w/ the building being currently tenant occupied. This mortar double brick building has apartments located upstairs, storefront on the main floor, & full-size basement w/ built-in shelving for ample storage or overflow show space. There is an add. attached warehouse which allows for add. opportunities for storage, store room, &/or more apartments. The total sq. ft. of the double brick building is 6000 sq. ft. w/ an add. attached warehouse w/ 1,500 sq. ft. of space. The upstairs is home to (3) studio apartments & (1) 1-bedroom apartment w/ a living room & full-size kitchen. Each apartment has a full-size bathroom. This building would work great for a pharmacy, drug store, dollar store, gift shop, antique shop, etc.

This listing is brokered by:

  • Gordon Real Estate Group (719)775-2816

Bedrooms

  • Beds Total: 4

Building and Construction

  • Structural Style: Multi-Level
  • Architectural Style: Traditional
  • Construction Methods: Brick, Frame
  • Construction Materials: Brick
  • Roof: Composition Shingles

Exterior and Lot Features

  • Lot Size Acres: 0.08

Heating and Cooling

  • Heating: Forced Air
  • Cooling Features: Air Conditioning-Central
  • Heating Fuel: Gas

Utilities

  • Site Features: Corner Lot

School Information

  • School District: Genoa-Hugo C-113
  • Elementary School: Genoa-Hugo
  • Middle Or Junior School: Genoa-Hugo
  • High School: Genoa-Hugo

Other Property Info

  • City: Hugo
  • State Or Province: CO
  • County Or Parish: Lincoln
  • Neighborhood: Hugo
  • Zoning: None
  • Country: US
  • Street Number Searchable: 343
  • Features: Individual Basement

Listing Information

  • Listing Status: Active
  • Listing Contract Date: 2017-09-26
  • Property Type: Income

Commercial Info

  • Annual Income Proj: 19033
  • Annual Income Actual: 13335
  • Annual Expense Proj: 6572
  • Annual Expense Actual: 5095
  • Annual Net Income Proj: 12461
  • Business Type: Mixed Use, Retail
  • List Office MUI: 21324270

Multi-Unit Info

  • Number Of Units Total: 4
  • Annual Net Income Actual: $8240
  • Number Of Units Furnished: 4