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Property Description
Charming Office Building in Prime Highway 50 location. This large office building on a large lot, ideally situated on the bustling Highway 50 corridor, is a great investment. Renovated in 2006 with 13 offices, all currently rented (most on month to month leases), ample parking, and room to expand. Without much of an investment, a few offices could be added in order to generate more income. With a large investment, more income generating space could likely be added. Benefit from the high visibility and easy access to one of the area's main thoroughfares, ensuring the tenants' businesses are always in the spotlight. Enjoy the benefits of a shared kitchen, spacious lobby for welcoming clients, conference room and a dedicated mail area. The building includes two ADA compliant bathrooms, making it convenient for all clients and employees. This office has charm! It features a cozy stone fireplace, warm wood floors, traditional Saltillo tile, high ceilings and lots of natural light. The lot boasts mature landscaping with fruit and spruce trees. With its prime location and rented offices, it's an investment opportunity you don't want to miss! More information on financials and occupancy available upon request.
Full Property Details
Full Property Details for 245 E Rainbow Blvd
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General
- Sold For: $850,000
- Taxes: $10,145 (2023)
- Status: Closed
- Type: Office
- Source: MetroList_Colorado
- MLS ID: 2215517
- Added to Site: 311 day(s) ago
Rental Information
- Complex Features: Common Area Boardroom, Signage Included
Parking
- Total Spaces: 20
Location
- County: Chaffee
- Building Name: Buffalo 50
- Driving Directions: The building is on the south side of Hwy 50 where D Street enters the highway.
Community
- Pets Allowed: Yes
Utilities
- Gas: Yes
- Sewer: Community Sewer
- Water: Public
- Utility Description: Electricity Connected, Natural Gas Connected, Sewer Connected
Structural Information
- Structure Type: Free Standing
- Roof: Composition
- Stories/Levels: 1
- Square Feet: 5,028
- Current Bldg. Use: Office
- Year Built: 1964
Lot Features
- Lot Size (Acres): 0.87
- Lot Size (Sq. Ft.): 37,897
- Frontage: Public
- Street/Road Desc.: Paved
- Road Maintenance: Public Maintained Road
- Lot Features: Irrigated, Landscaped, Sprinklers In Front
- Zoning: Commercial
Financial Considerations
- Operating Expenses: Insurance, Maintenance, Personal Property Tax, Professional Management, Utilities
- Tax Amount: $10,145
- Tax Year: 2023
- Terms: Cash, Conventional
Disclosures and Reports
- Special Conditions: None
- Documents Avail.: Building Plans, Leases, P and L Available, Plat
- Legal Description: LOT 1 BUFFALO 50-HIBBS BLAPLAT 432753 SAL446 REC 469751ANNEXATION PLAT 432161 SAL444
- Exclusions: Tenants' personal property. Seller's personal property in the back shed.
- Property ID: R380705300109
Listed and Sold by Pinon Real Estate Group LLC
Listing agent
— 245 E Rainbow Blvd —
Pinon Real Estate Group LLC
jorr@pinonrealestate.com
NMLS#: 1598647Get Pre-Approved Today
Schools
Schools serving 245 E Rainbow Blvd
School District:Salida School District R-32
| Name | Grades | Distance |
|---|---|---|
Salida Middle School 520 Milford Street, Salida, CO 81201 | 5-8 | 0.4 mi |
Longfellow Elementary School 425 West 7th Street, Salida, CO 81201 | K-4 | 0.6 mi |
Salida High School 26 Jones Avenue, Salida, CO 81201 | 9-12 | 0.3 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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245 E Rainbow Boulevard, Salida, CO 81201 (MLS# 2215517) is a Office property that was sold at $850,000 on October 14, 2025. Want to learn more about 245 E Rainbow Boulevard? Do you have questions about finding other Office real estate for sale in Salida? You can browse all Salida real estate or contact a Coldwell Banker agent to request more information.