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Bayfield Marketplace, Colorado
Property Types: Commercial
$6,200,000 / 2.00 Acres / Available
Activities & Amenities
Bayfield Marketplace Shopping Center offers a prime commercial location with direct visibility and signage along US Highway 160. The larger center is currently 100% occupied and totals for approximately 22,500 square feet. The Grocery Store at Bayfield anchors the property and comprises 10,000 square feet. The Grocery underwent an interior remodel in 2019 and is the go-to food source for both the Bayfield community and Highway 160 travelers. The Grocery is a full-service store, providing fresh produce, meats, baked goods, dairy, floral arrangements, as well as an extensive selection of frozen food items and beer sales. Shopping center tenants include: Mountain West Insurance, AJ’s Pizza, Wendy’s Grooming, Coin Laundry and Subway. An approximate 1,800 square foot area consists of upper-level office/administrative space and there is an ATM kiosk positioned in the southeast corner of the parking lot. Situated on a 2.2-acre corner site with Business zoning, the shopping center features a parking ratio of 4.2 stalls per 1,000 square feet of building area. The parking areas of the shopping center were resurfaced and restriped in 2018. Property will convey with additional Town of Bayfield water taps.
With the population of Bayfield and La Plata County forecasted to continually increase, this property is well-positioned to capitalize. Annual sales for The Grocery Store continue to increase and rental rate upside exists for in-place tenants. Ownership will entertain different purchase options for the grocery and strip retail portions of the property. Call Greg Liddle for more information or to schedule a pre-qualified showing. Co-brokers welcome.
Note: Financial verification and a Non Disclosure Agreement required to view documents and to schedule a showing. Thank you.