Commercial Building with Residence in Montrose County

Olathe, CO (Montrose County)

Pea Green School House Store & Cafe

Asking Price:$429,000


Commercial Building with Residence in Montrose County

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Asset Sale Description

Historic School House w/ Residence in Western CO

Incredible opportunity to live in what we call "paradise" in a well kept 2002 double wide modular home while doing what you passionately love to spend time on in this truly idyllic historical school house that's been converted to a modern cafe and store. Previously, a successful cafe' and convenience store prior to an unexpected closure approx. 9 years ago, this beautiful property is looking for the right owner with a vision and dream to bring it back to life.

Ideal for a miscellaneous destination store with locally grown / made items, wine tasting room, catering facility, special events, farmers market, antiques and other unusual items. Other possibilities include a ministry, church, school, day care. Location called Pea Green, and is absolutely Paradise to many. FF& E and buildings are in excellent condition. FF&E valued approx. $26,600. Local lending available for qualified buyers and possible Seller financing as well for qualified buyers.

Detailed Information

Historical converted school house built between 1888 and 1912. Completely renovated in 2002 to a convenience merchandise store with cafe'. 1st year and the business was breaking even, then an unexpected death of the operator closed the business. Located on Hwy 348 in Olathe, between Montrose and Delta, the locals enjoyed the convenience of this store and cafe. This 1.55 acre site contains the 2,466 sq.ft. store/cafe (former school house) and a 1,620 sq.ft. modular 3 bed 2 bath residence with carport and storage and beautifully landscaped yard with a manicured lawn, mature trees and lots of room to expand. Well water used for irrigating, with domestic water. Residence rented thru February, 2015. Store / cafe has ADA restroom, office/conference rm, large dining / kitchen area and store with a bonus finished garage area and large concrete back patio.
Yes for Qualified Buyer
Support & Training:
None needed.
Reason for Selling:
Owner lives out of state

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Lucinda Stanley, CCIM

Asset Sale Listed By:
Lucinda Stanley, CCIM

Grand Mesa Commercial Real Estate

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Memberships & Certifications:
Indicates membership in The Colorado Association of Business Intermediaries (CABI).

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