312 1st Street, Severance, CO 80550
FOR SALE0.69 ACRES

312 1st Street
Severance, CO 80550

  • 2 Beds
  • 3 Baths
  • 7,835 sqft (on 0.69 acres)
  • 2 Beds
  • 3 Baths
  • 7,835 sqft (on 0.69 acres)

$1,075,000

Est. Mortgage $6,221/mo*
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Local Information

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Description

Live and work in this incredible mixed-use property on 1st street in the heart of Severance Colorado. This one of a kind property blends historical character with modern amenities. With three separate units, two residential and one industrial, this property will immediately generate income and provide long-term redevelopment potential. Main floor residential unit is 1BR, 2BA with full kitchen, office, washer/dryer hookups and spacious living area. Upstairs, a separate, modern studio apartment with kitchenette and updated 3/4 bath has a long history as a short term rental with over 260 occupied nights in 2023. Residential units share access to outdoor patio space with hot tub hookups, garden shed, and parking spaces for two RVs or travel trailers. The residential portion is separated from the industrial unit by a 2hr fire wall and a lobby/storage area with fire suppression system that protects the entire residential portion of the property. The Industrial unit totals 4,837SF of which, 3,570SF is a fully insulated and heated shop w/new 13ft overhead roll up door, overhead radiant heating, new lighting, and a private bathroom with shower. Entire building's insulation was updated w/closed cell foam. Stub ins for second bathroom are available. 400 amp electrical service is newly updated from recent tenant finish. 1,267SF of unconditioned storage space is immediately adjacent to main shop with an exterior 10ft overhead roll up door and interior access directly to main shop by man door. Industrial space includes 16,000SF fully fenced storage yard with access from both 3rd ave and 2nd st. Entire parcel consists of 8 city lots with an additional sewer drop on 3rd st for future building/development.

Home Highlights

Parking
17 Car Garage
Outdoor
Patio
A/C
Heating & Cooling
HOA
None
Price/Sqft
$137
Listed
87 days ago

Home Details for 312 1st Street

Interior Features

Beds & Baths
Number of Bedrooms: 2Number of Bathrooms: 3
Dimensions and Layout
Living Area: 7835 Square Feet
Appliances & Utilities
Utilities: Electricity Available, Natural Gas AvailableLaundry: In Unit,Main Level
Heating & Cooling
Heating: Baseboard,Heat Pump,RadiantHas CoolingAir Conditioning: Central Air,OtherHas HeatingHeating Fuel: Baseboard
Gas & Electric
Electric: 110V, 220 Volts, Phase 3, 220 Volts in GarageHas Electric on Property
Windows, Doors, Floors & Walls
Flooring: Carpet, Vinyl
Levels, Entrance, & Accessibility
Stories: 2Levels: TwoFloors: Carpet, Vinyl
View
Has a ViewView: City

Exterior Features

Exterior Home Features
Roof: MetalPatio / Porch: PatioFencing: FullExterior: Garden, Private YardGarden
Parking & Garage
Number of Garage Spaces: 17Number of Covered Spaces: 17No CarportHas a GarageHas an Attached GarageParking Spaces: 17Parking: Heated Garage,Insulated Garage,Oversized Door,RV Garage
Frontage
Responsible for Road Maintenance: Public Maintained Road
Water & Sewer
Sewer: Public Sewer
Finished Area
Finished Area (above surface): 7835 Square Feet

Days on Market

Days on Market: 87

Property Information

Year Built
Year Built: 1948
Property Type / Style
Property Type: Residential IncomeProperty Subtype: TriplexStructure Type: TriplexArchitecture: Triplex
Building
Construction Materials: Concrete, Metal Siding
Property Information
Condition: Updated/RemodeledNot Included in Sale: All Items Of Seller's And Tenant's Personal PropertyParcel Number: 070536307013

Price & Status

Price
List Price: $1,075,000Price Per Sqft: $137
Status Change & Dates
Possession Timing: Rental Agreement

Active Status

MLS Status: Active

Location

Direction & Address
City: SeveranceCommunity: Severance Town
School Information
Elementary School: Range ViewElementary School District: Weld RE-4Jr High / Middle School: SeveranceJr High / Middle School District: Weld RE-4High School: SeveranceHigh School District: Weld RE-4

Agent Information

Listing Agent
Listing ID: 4095418

Building

Building Area
Building Area: 7835 Square Feet

Community

Not Senior Community

HOA

No HOA

Lot Information

Lot Area: 0.69 acres

Listing Info

Special Conditions: Standard

Offer

Listing Terms: 1031 Exchange, Cash, Conventional

Energy

Energy Efficiency Features: Insulation

Mobile R/V

Mobile Home Park
Mobile Home Units: Feet

Compensation

Buyer Agency Commission: 3Buyer Agency Commission Type: %
Notes
The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed

Business

Business Information
Ownership: Individual
Expense
Tenant Pays: Electricity, Gas, Grounds Care, Water

Miscellaneous

Mls Number: 4095418Attribution Contact: , 970-281-5049

Additional Information

Mlg Can ViewMlg Can Use: IDX
Last check for updates: about 16 hours ago
Listing courtesy of The Barefoot Team, (970) 281-5049
RE/MAX Advanced Inc
Sean Hudgens, (970) 219-2087
RE/MAX Advanced Inc
Source: REcolorado, MLS#4095418

Price History for 312 1st Street

DatePriceEventSource
02/01/2024$1,075,000Listed For SaleREcolorado #4095418
04/03/2015$285,000Sold
N/A

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Property Taxes and Assessment

Year2023
Tax$7,788
Assessment$626,857
Home facts updated by county records

Comparable Sales for 312 1st Street

Address
Distance
Property Type
Sold Price
Sold Date
Bed
Bath
Sqft
1897 Seadrift Drive Unit C, Windsor, CO
5.83
Multi-Family Home
$440,470
08/10/23
2
2
1,641
6607 W 3rd Street Unit 1411, Greeley, CO
7.29
Multi-Family Home
$250,000
06/13/23
1
1
936

What Locals Say about Severance

  • Mel.johnston21
    "Close proximity to the last bit of agriculture in town, growing parks, absolute ball on Halloween, & great view of city fire works on the 4th."
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  • Camden C.
    "Quiet, somewhat friendly neighbors, many new house being built around this sub division. Very few restaurants or stores."
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  • Laneckaley
    "It is a small town setting which is generally peaceful.Small shopping is 5 minutes and larger is 20 minutes. MutualMultipal parks,many new houses"
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  • Marlynnvallejo
    "neighbors are friendly. also things are convenient. such as grocery stores and auto zone. ,............"
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  • Elizabeth D.
    "It’s a great place to start or raise a family. Beautiful views and friendly people. There are also many activities near by that you can get to easily. I’ve found many dirt paths also that are great walking trails. "
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  • Liyah B.
    "I dont see to many dog walkers out here but for the most part they are on leash and very sweet well mannered dogs"
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  • Sara K. W.
    "It’s a great neighborhood! Friendly and supportive! There are some big yards. No baggies readily available."
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  • Sara K. W.
    "We have many get togethers and support each other like family! I have been to Labor Day, 4th of July, Halloween, and Christmas parties."
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  • Kyto2
    "I've only lived here 1 month but feel very comfortable. speeders on 23 and 21 and every day and night motorcycle noise are very irritatable in severance"
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  • Jim G.
    "Beautiful views of lakes and mountains. Scenic walking trail. Lakeside estates. Friendly people. Close to shopping, restaurants and entertaining, yet don't have to deal with the traffic everyday like the city life. Easy commute to Fort Collins, Windsor, Greeley, and Loveland outlet area. Full unfinished basement."
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LGBTQ Local Legal Protections

The Barefoot Team, RE/MAX Advanced Inc
© 2023 REcolorado® All rights reserved. Certain information contained herein is derived from information which is the licensed property of, and copyrighted by, REcolorado®. Click here for more information
The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed.
312 1st Street, Severance, CO 80550 is a 2 bedroom, 3 bathroom, 7,835 sqft multi-family built in 1948. This property is currently available for sale and was listed by REcolorado on Feb 1, 2024. The MLS # for this home is MLS# 4095418.