PRICE REDUCED!!! Location is 2 blocks from old downtown Main St in Fort Morgan. This building has great curb appeal. The entire building is all beautifully stuccoed. It also offers a very well constructed canopy for dropping off handicapped customers/patients at the east entrance. Each of the 5 units are nicely updated with some having their own waiting areas. All have offices, small kitchenettes and restroom(s). Each unit has it's own address with 4 units having the Prospect St address and the 5th unit having an address of 218 E Kiowa Ave (Entrance on north side of building). Tenants pay their own electric and gas. The building has great attic storage and some of this storage is private to certain tenants. A large private parking lot at the east side of the building and also on the south side is a great addition to this property. Off street parking is also available. This property is a must see! Buyer to confirm all information to buyer's satisfaction.
Presented By: Danford Realty; 9708675644
Interior Features for 217 Prospect St
Other Interior Features
LivingAreaSourceAssessor
Air Conditioning Y/NYes
BasementNone
Fireplace Y/NNo
Heating Y/NYes
General for 217 Prospect St
AccessibilityAccessible Hallway(s), Low Carpet, No Stairs
Attached Garage No
Business TypeIncorporated Area, Professional/Office
Cap Rate4.69
CityFort Morgan
Construction MaterialsBlock, Stucco
CoolingRefrigeration/HVAC
CountyMorgan
DirectionsFrom I-76 and Main Street, proceed south on Main St. Left onto Kiowa Ave. Go 2 blocks to property on corner of Prospect St and E Kiowa Ave.
ElectricElectric, City
ExclusionsAll business and personal items belonging to the tenants.
Garage Y/NNo
Gas Y/NNatural Gas, City
Gross Income68524.8
HOANo
HeatingForced Air
Land Lease Y/NNo
Living Area UnitsSquare Feet
Lot Size Square Feet21700
Lot Size UnitsSquare Feet
MLS AreaMorgan
Net Operating Income38755.8
New ConstructionNo
Operating Expense29769
Possible UseCommercial, Commercial or Industrial
Property Attached Y/NNo
Property ConditionNot New, Previously Owned
Property SubtypeSale: Commercial/Industrial
Property TypeCommercial Sale
RoofOther
Senior Community Y/NNo
SewerCity Sewer
Standard StatusActive
StatusActive
Subdivision NameOriginal Town
Tax Annual Amount17256
Tax Year2024
Tenant PaysDeposit, Gas, Electricity
UtilitiesNatural Gas Available, Electricity Available
Waterfront Y/NNo
Year Built1964
ZoningB-1
Exterior for 217 Prospect St
Building Area Total8025
Foundation DetailsSlab
Horse Y/NNo
Lot FeaturesCurbs, Gutters, Sidewalks, Corner Lot, Within City Limits
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