Discover a one-of-a-kind property in the heart of Florence, Colorado, brimming with potential for both residential and commercial use. Situated on a prominent corner lot along State Highway 115 (Main Street), this versatile property offers exceptional visibility and convenience, making it a prime choice for investors or entrepreneurs looking to establish or expand their business in a thriving community. Property Features: *Residence: The main house is an 854-square-foot 1-bedroom (potential for 2 bedrooms), 1-bath home with efficient hot water heat. *Studio Apartment: A 616-square-foot studio apartment with a newer roof and a 3/4 bath provides additional rental opportunities or housing flexibility. *Commercial Garage: A spacious 1,004-square-foot garage comes equipped with a bathroom and a dedicated parts room. Its strategic location and amenities make it perfect for an auto repair business or other commercial ventures. *Storage Units: Additional storage units on the property offer further income potential or valuable space for tenants and businesses. With all spaces fully occupied, the property can generate over $2,000 per month in rental income, not including additional revenue from storage unit rentals. The property’s diverse structures make it an ideal candidate for multiple uses, including residential rentals, commercial operations, or a combination of both. With its prime location on Main Street, it’s perfectly positioned for creative redevelopment or adaptive reuse. Bring Your Vision: Whether you're an investor seeking steady rental income, an entrepreneur ready to launch a business, or someone with a passion for revitalizing historic properties, this unique offering provides the flexibility and opportunity to thrive in Florence. Don’t miss out on this versatile property—schedule a showing today and explore the endless possibilities it holds!
For sale
Price cut: $25K (8/20)
$225,000
305 W Main St, Florence, CO 81226
2beds
854sqft
Est.:
Single Family Residence
Built in 1900
0.47 Acres Lot
$223,400 Zestimate®
$263/sqft
$-- HOA
What's special
Newer roofCorner lotStudio apartmentExceptional visibilityCommercial garageDedicated parts roomStorage units
- 191 days
- on Zillow |
- 379 |
- 22 |
Likely to sell faster than
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