$1,071,250
516 E Elm St
Trinidad, CO 81082
MLS# 24-137
5 baths  |  5045 sqft
516 E Elm St, Trinidad, CO 81082
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Property Description
Welcome to your new favorite spot! Nestled within the charm of an old train depot, surrounded by history you'll find this unique investment opportunity. This property is fully leased providing immediate income and the city approved 12 townhomes on the vacant lot - schematic plans will convey. Featuring a commercial kitchen, bar, seating, high ceilings, ADA bathrooms, furnishings & 1.76 acres all within a short distance to downtown & the river trail is just across the street. New upgrades include a new walk-in cooler & keg tap system with all new lines, an updated entry way & vestibule, new lighting throughout, & a new roof! Step outside onto the fenced brick patio giving an additional 7636 square feet with all new irrigated landscape including new trees, you'll also find ample parking. Don't miss your chance to own this blend of tradition & sophistication! Call for more details & to set up your own private tour!

Details
Full Address
House Number: 516
Street Direction Pfx: E
Street Name: Elm
Street Suffix: St
State/Province: CO
Postal Code: 81082
County: Las Animas
Geo Lat: 37.170953
Geo Lon: -104.50123
Subdivision: Original Townsite
Listing Info
Current Price: $1,071,250
Begin Date: 2024-02-23
List Price: $1,071,250
Earnest Money Due: 25000
Ernst Money Payable: Title Company TBD
Possession: At Closing
Comments
Public Remarks: Welcome to your new favorite spot! Nestled within the charm of an old train depot, surrounded by history you'll find this unique investment opportunity. This property is fully leased providing immediate income and the city approved 12 townhomes on the vacant lot - schematic plans will convey. Featuring a commercial kitchen, bar, seating, high ceilings, ADA bathrooms, furnishings & 1.76 acres all within a short distance to downtown & the river trail is just across the street. New upgrades include a new walk-in cooler & keg tap system with all new lines, an updated entry way & vestibule, new lighting throughout, & a new roof! Step outside onto the fenced brick patio giving an additional 7636 square feet with all new irrigated landscape including new trees, you'll also find ample parking. Don't miss your chance to own this blend of tradition & sophistication! Call for more details & to set up your own private tour!
Building Info
Total SqFt: 5045
Total Rooms: 3
Year Built: 1934
Total Bathrooms: 5
Lot Info
Lot Acres: 1.76
Zoning: Commercial
Public Record
Taxes: 1844.12
Tax Year: 2023
Tax ID Number: 10043800
Legal Description: 18-33-63 PT-SWNW- PT-NWSW- TOGETHER AKA PARTS BLKS-118-119- O T S AND LTS-17-18-19-20-21- OF BACA ESTATES (Full legal description to be provided by the title company within the title commitment)
Status Change Info
Status: Active
Grounds
Paved Parking Spaces: 40
Property Features
Type of Business: Lounge/Bar; Restaurant
Flooring: Ceramic Tile; Vinyl Tile; Other
Ceiling Height: 11 - 15 Ft
Owner Paid Exp: Building Repairs; Mechanical Repairs; Property Ins; Real Estate Taxes
Tenant Paid Exp: Electricity; Gas; Internal Repairs; Water/Sewer
Grounds: Partially Fenced
Parking: Lighted; Paved
Lot Description: Corner Lot
Road: Other
Gas: Natural Gas

Listing Office: eXp Realty LLC

Listing Agent: Sarah Manshel

Last Updated: March - 24 - 2025

Information deemed reliable but not guaranteed.