Ideally located building with eight year round rentals for nightly/weekly or monthly income! Or, house your extended family and friends for resort fun all year long! 5200 square foot Building just two blocks from Grand Lake's Boardwalk shops and restaurants and three blocks from the public beach. Seven individual one bedroom suites, most with an electric fireplace in the open living/ dining/ kitchen and private bath. There is also one "studio" unit and a big commercial laundry room.
R143231 Lot 3, Block 1, Town of Grand Lake #240 Hancock Street $1,650,000
This property does have potential to be subdivided in the future and sold off as individual condominiums. One would need to go through a process with the town of Grand Lake. The structure was built so that 7 can be sold individually if you follow the Town's requirements and are granted final approval.
A "combining deed" was recorded, stating that this Lot 3 was combined forever with Lots 4 and 5 unless the Town changes this. Seller is asking for this to be changed. Please be aware that this purchase is contingent on the combining deed being revoked prior to closing.