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Property Description
Located in the heart of beautiful Palmer Lake, this stand-alone building is zoned convenience-commercial (CC) which permits a multitude of uses including a combination of residential and commercial. Current conditional-use permit for multi-family as a duplex! This building is turn-key for your rental investment needs with a 3 bed, 1 bath unit and a 2 bed, 1 bath unit, each with their own laundry! Whether long or short-term rentals are your goal, or if you choose to live in one unit and rent the other, this location cannot be beat! Public parking lots to the rear. Building was completely renovated with quality finishes in 2021 including: new bathrooms, kitchens, laundry, floors, walls, fixtures, furnace, water heater, and appliances! Pella windows, custom steel doors and a metal roof! Located in the middle of all things local including restaurants, shops, coffee and ice cream! Property backs directly to the Palmer Lake Recreation Area, home to huge, small-town events that draw 1,000s of visitors year-round like the Palmer Lake Wine Festival, the 4th of July Fireworks and the Palmer Lake Outdoor Classic! Ideal short-term rental location with unlimited outdoor recreation and miles and miles of trails immediately outside the door including fishing, hiking, biking, disc golf, pickleball and more! Breathtaking views of the surrounding mountains and the Palmer Lake Star! Entrepreneur? This property is located right on Highway 105 (old Main Street) with ideal frontage for both vehicles and foot traffic, near popular wedding venues and just 1 exit from the USAFA! Rent one side and open your dream boutique, salon or office in the other! Invest in Palmer Lake now...this small mountain town is evolving into a destination location with unlimited outdoor recreation and access to the National Forest! Walk to local restaurants, shops, coffee and ice cream! Relocate your business to this thriving little community!
Full Property Details
Full Property Details for 11 Hwy 105
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General
- Sold For: $605,800
- Taxes: $2,313 (2023)
- Status: Closed
- Type: Duplex
- Source: MetroList_Colorado
- MLS ID: 7647613
- Added to Site: 362 day(s) ago
Interior
- Interior Features: Breakfast Bar, Ceiling Fan(s), Eat-in Kitchen
- Appliances: Dishwasher, Dryer, Microwave, Oven, Range, Refrigerator, Washer
- Flooring: Linoleum
Rooms
Bathrooms
- Total Bathrooms: 2
Bedrooms
- Total Bedrooms: 4
Other Rooms
- Laundry: In Unit
Parking
- Total Spaces: 4
Location
- County: El Paso
- Subdivision: Palmer Lake
- Driving Directions: From I-25 N, Take exit 161 for CO-105 toward Monument/Palmer Lake. Use the left 2 lanes to turn left onto CO-105 W. Turn right at the 2nd cross street to stay on CO-105 W. Located on right, across the street from the Rock House Ice Cream Shop.
School Information
- Elem School District: Lewis-Palmer 38
- Midd School District: Lewis-Palmer 38
- High School District: Lewis-Palmer 38
- Elementary School: Palmer Lake
- Middle School: Lewis-Palmer
- High School: Palmer Ridge
Community
- Pets Allowed: Yes
Heating & Cooling
- Cooling Type: None
- Heating Type: Forced Air
Utilities
- Gas: Yes
- Sewer: Public Sewer
- Water: Public
- Utility Description: Electricity Connected, Natural Gas Connected
Structural Information
- Structure Type: Duplex
- Construction: Frame
- Roof: Metal
- Common Walls: 1 Common Wall
- Square Feet: 1,440
- Sq. Ft. Source: Public Records
- Living Area: 1,440 Sq. Ft.
- Year Built: 1957
- Property Condition: Updated/Remodeled
Lot Features
- Property View: Mountain(s)
- Mountain views: Yes
- Lot Size (Acres): 0.14
- Lot Size (Sq. Ft.): 6,263
- Road Maintenance: Public Maintained Road
- Fence: Yes
- Lot Features: Open Space
- Zoning: CC
- Fencing (Description): Partial
Financial Considerations
- Tax Amount: $2,313
- Tax Year: 2023
- Terms: Cash, Conventional, FHA, VA Loan
Disclosures and Reports
- Ownership: Individual
- Special Conditions: None
- Legal Description: LOT 20, THAT PART OF LOTS 19, 21, 22 BLK 70 PALMER LAKE AMD FIL, PART OF SW4 SEC 5-11-67 LY ELY AND ADJ TO SD LOTS DES AS FOLS; BEG ON E LN OF SD SW4 AND ITS INTSEC WITH A LN 5.0 FT S OF AND PARA WITH N LN OF LOT 19, S ON SD E LN 55.0 FT TO A PT 10.0 FT S THEREON FROM ELY EXT OF N LN OF LOT 21, ANG R 75< SWLY 72.0 FT M/L TO INTSEC WLY LN OF LOT 22, NWLY 84.0 FT ON WLY LNS OF LOTS 22, 21, 20, 19, TH E 110.4 FT ON SD PARA LN TO POB
- Exclusions: Tenant property,
- Property ID: 71053-01-009
Listed by Main Street Brokers
Sold by Micah I Shamash
Listing agent
— 11 Hwy 105 —
Main Street Brokers
trishflake@msn.com,719-481-4810
NMLS#: 1598647Get Pre-Approved Today
Schools
Schools serving 11 Hwy 105
School District:Lewis-Palmer School District 38
| Name | Grades | Distance |
|---|---|---|
Palmer Lake Elementary School 115 Upper Glenway Road, Palmer Lake, CO 80133 | PK-6 | 0.2 mi |
Lewis-Palmer Middle School 1776 Woodmoor Drive, Monument, CO 80132 | 7-8 | 3.2 mi |
Palmer Ridge High School 19255 Monument Hill Road, Monument, CO 80132 | 9-12 | 2.9 mi |
Disclaimer:
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
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11 Highway 105, Palmer Lake, CO 80133 (MLS# 7647613) is a Duplex property that was sold at $605,800 on May 08, 2025. Want to learn more about 11 Highway 105? Do you have questions about finding other Duplex real estate for sale in Palmer Lake? You can browse all Palmer Lake real estate or contact a Coldwell Banker agent to request more information.