498 S Church Street Bayfield CO Real Estate

Seller is motivated! Previously full commercial, it was rezoned to include a residential apartment in 2018. It is now dual-occupancy that is up to code with an additional of an ADA compliant bathroom. Roughly 50/50 split, with the front for business and the back being a 1-bedroom apartment that has a great kitchen and large soaking tub. Buyer may use as a Live/Work set up, rent both halves separately for generous passive income, or revert back to full commercial use. There is also a 350sf shed with electricity that provides additional opportunities for the creative or business eye and some TLC. Partial owner-carry assumption if desired. 498 S. Church Street is a rare gem in historic downtown Bayfield on the corner of Church Street and Mill Street. This area is filled with side streets of cute cottage-like homes, mature trees, flourishing greenery and flowers all summer long, while being close to two parks and the Los Pinos River. This property is also a couple of blocks away from multiple restaurants and has some of the best private parking and business viability available in downtown Bayfield. This is one of the last great money-making properties in downtown Bayfield as the revitalization continues (there have already been four new restaurants spring up within the last two years). Annual town parades and summer block parties that happen on Mill Street add further charm and business potential to this location. As a solid brick building, the architect who helped with the remodel loved the idea of adding a second story and found it very feasible. Years ago, this was the town's Post Office and later the Marshall's Office. It's an opportunity to own a little bit of history. Behind the bathroom mirror it even says the date built and by whom. This is a dream property that will only increase in value as the downtown continues to be revitalized in the years to come. Property is priced to sell.