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.
For sale by owner
$300,000
508 Main St, Walsenburg, CO 81089
1beds
5,000sqft
Est.:
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
- 7 days
- on Zillow |
- 206 |
- 15 |
Listed by:
(817) 688-1689
Travel times
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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