1.6 million hedges Old Town Square, Colorado
Nov 11, 2022
1.6 million hedges Old Town Square, Colorado New York
By   Internet
  • City News
  • Mining Town
  • Silverton
  • Colorado
Abstract: Silverton's Old Town Square is located in an old mining town. The historic square is a tourist destination and most of the attractions on it are included in the $1.6 million offer.

"There is a train that runs from Durango to Silverton," said listing agent Olivia Barrett, with Re/Max Pinnacle." It's only a block from where the train comes in, so there's a lot of foot traffic."

 

On the nearly quarter-acre site, which totals 5,340 square feet, there are two existing businesses, three additional commercial rental spaces, a storage building and two public restrooms.

 

The owners "have leased the buildings to artisans or anyone who wants to come in and sell their product," Barrett said." They have all different types of businesses there."

 

The same family has owned and operated the plaza for more than 40 years. And now, they're ready to retire.

 

The property includes the Emporium gift store and Swanee's Old Mine Sluice, where kids can mine for gemstones.

 

There is also an old photo studio with a colorful past.

 

All inventory and equipment for the photo studio and gift store are being transferred at the time of sale.

 

The buildings in Old Town Square date back to around 1900, some built on site and others moved from nearby towns.

 

One of the buildings includes the San Juan County Courthouse, which was relocated from Howardville, Colorado; while three commercial rental spaces originated in the mining ghost town of Eureka, Colorado

 

The Emporium, built in 2005, has a two-bedroom furnished unit above.

 

The residential space has been operated as a vacation home and brings in approximately $30,000 to $35,000 per year. It has one bathroom, a full kitchen, and a washer-dryer unit.

 

"There's a different entrance where you can enter the single-family home," Barrett says." It overlooks Blair Street, which is a great location. The view of Kendall Hill is great. It's just a really neat little place."

 

The next owner could choose to move here, or continue to rent the place. Or, maybe both.

 

"If someone wants to escape their normal life in the city and they want to do something different, they can really move here and live in this unit and run these businesses," Barrett said." They can work all summer and take as much time off as they want in the winter."

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1.6 million hedges Old Town Square, Colorado
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