134 Old Stage Rd
About This Property
Imagine your restaurant with riverside patio, bustling shop or professional office here in desirable Two Rivers Commons. Build residential condos above with river/mountain views. Build-to-suit with lease options considered. River ambiance, scenic trails and wetlands are additional attractions to this attractive residential and commercial development. The location offers optimal visibility with an average of 10,000 vehicles passing daily at the junction of US Hwy 50 and State Hwy 291, the eastern gateway to Salida and parts west (data is from a 2019 CDOT traffic count).
Two Rivers Commons is a mixed-use commercial area with pedestrian community appeal, access to the Arkansas and Little Ark rivers, protected wetlands, pond and scenic trails. This subdivision is situated on Salida's fast growing east side and offers easy access from these heavily traveled roads as well as pedestrian and bike access into Salida.
Existing established businesses are operating in The Commons and new building construction is in progress. Ample parking exists in paved and landscaped parking lots. Level 2&3 electric vehicle charging stations in parking area coming in 2020. Bring your building vision to this vibrant and evolving community!
For more information including plat map, design guidelines & HOA documents see www.tworiverssalida.com.
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Cap Rate Calculator
What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Apr 1, 2021 | Sold | ||
| Sold | |||
| Feb 4, 2020 | Listed by Pinon Real Estate Group LLC | $192,500 | |
| Listed by Pinon Real Estate Group LLC | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017