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For sale by owner
  • $300,000

    508 Main St, Walsenburg, CO 81089

    1beds
    5,000sqft
    : 
    MultiFamily
    Built in 1940
    -- sqft lot
    $249,800 Zestimate®
    $60/sqft
    $-- HOA

    What's special

    Original mural artCommercial spaceLaundry areaFinished mixed use unitsTin ceilingsHardwood floorsWarehouse space
    Price is firm. Large historic mixed use property on Main Street in the up and coming city of Walsenburg, Colorado. Building has consistent rental history for the past six years but is currently vacant due to selling. Shown by appointment only. Building consists of two finished mixed use units downstairs (508 and 510A Main) about 1250 sq ft each and another 2500 unfinished square feet upstairs. Both downstairs units were updated in 2016 and 2018. Historic details such as tin ceilings, plaster walls and hardwood floors remain. Electrical updates in both 2016 and 2021. Both units have had uninterrupted rental history for six years. First unit: Has been rented consistently as either as a loft apartment or Air BNB for six years . Currently in use as an Air BNB. It consists of a large open concept living/dining kitchen area. A laundry area and bathroom. Large bedroom area is toward the back of the unit and opens into a back hallway/storage area and small garage. Pictures show this unit furnished. Original mural art in the bathroom and on the back of the building are by local artist. Small garage behind this unit. Second unit has been rented as a commercial space and was home to the regional newspaper. It consists of a large open area, one enclosed room, loft (both of which could be used as bedrooms) and half bath . There is a warehouse space behind this unit. Is unfurnished. Upstairs (510B), is unfinished and offers 9 rooms with approximately 2500 square feet of unlimited potential. Historic details such as woodwork, historic glass and hardwood floors remain intact. Electrical box was recently added upstairs and wiring to the roof for future air conditioning unit was recently added. Thousands of RV and motorcyle tourists pass through Walsenburg every year. Lathrop state park (just 4 miles away) and the Great Sand Dunes are attractions nearby. Property is walking distance to Coffee Shops, dining, groceries, shopping, art galleries, antique stores, banking, bars and entertainment. This high traffic area has tremendous potential for a downtown business or lodging. Run your business out of one side while the space next door provides income. Build out the upstairs for your residence or for additional rentals. The options are limitless. Possible owner financing.
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    Listed by:

    (817) 688-1689

    This property is for sale by owner and Zillow, Inc. is displaying it at the owner's request. It is not subject to a listing agreement with Zillow, Inc. or its affiliates.
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    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 1
    • Bathrooms: 2
    • Full bathrooms: 1
    • 1/2 bathrooms: 1
    Appliances
    • Included: Dryer, Range / Oven, Refrigerator, Washer
    Features
    • Flooring: Hardwood
    • Basement: Unfinished
    Interior area
    • Total interior livable area: 5,000 sqft

    Property

    Parking
    • Parking features: Garage - Attached
    Features
    • Exterior features: Wood, Brick
    • Has view: Yes
    • View description: City, Mountain
    Lot
    • Size: 3,000 Square Feet

    Construction

    Type & style
    • Home type: MultiFamily
    Condition
    • New construction: No
    • Year built: 1940

    Community & HOA

    Location
    • Region: Walsenburg

    Financial & listing details

    • Price per square foot: $60/sqft
    • Date on market: 6/18/2025
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