725 Grand Avenue -- Mixed-Use Investment Property -- Glenwood Springs, Colorado
16-unit mixed-use commercial and residential building at 725 Grand Avenue in downtown Glenwood Springs, Colorado. This 13,850 SF income-producing property features 14 residential units on the upper floor and two established ground-floor commercial tenants occupying 8,850 SF of retail and restaurant space in the heart of the Roaring Fork Valley.
The property is 100% occupied with zero historical vacancy on the residential units -- the lowest-cost rental housing in the Glenwood Springs market. Residential demand in this corridor is persistent and recession-resistant, driven by the workforce needs of Aspen, Snowmass Village, and the broader Roaring Fork Valley employment base. Tenants include long-term residents with 20+ year occupancy alongside newer workforce tenants.
Ground-floor commercial space is anchored by two well-known Glenwood Springs businesses: Sacred Grounds coffee shop and Dancing Bear, both with established lease terms. Each commercial tenant occupies approximately 4,425 SF including 2,500 SF of street-level retail with an additional 1,925 SF of basement storage and operational space.
725 Grand Avenue sits in the walkable downtown Glenwood Springs commercial district on Grand Avenue, the city's primary commercial corridor. The property is within walking distance of restaurants, retail, the Glenwood Hot Springs, the Hotel Denver, and the Roaring Fork River. Grand Avenue carries high daily foot and vehicle traffic counts as the main thoroughfare connecting Interstate 70 to downtown.
This property presents a strong value-add investment opportunity for buyers seeking high-yield cash flow with significant upside potential. The 14 residential units are configured as SRO-style rooms with shared common facilities -- a format that delivers consistent occupancy but offers substantial rent growth through unit-by-unit renovation and conversion to individual studio or one-bedroom apartments with private kitchens and bathrooms. Current residential rents are well below market for comparable renovated units in Glenwood Springs.
Building features include 5,000 SF of residential space across 14 units, 8,850 SF of commercial space across two tenants, and a downtown Glenwood Springs location with direct Grand Avenue frontage. The property is ideally suited for value-add multifamily investors, 1031 exchange buyers, small syndication groups, and local operators familiar with the Roaring Fork Valley rental market.
