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Commercial Land for Sale in Penrose, Colorado

708 Fremont St, Penrose, CO 81240

$1,250,000
9.82 acres
Active
$100k drop
Est $6,657/mo

Rare opportunity to own a historic South Colorado building with a lot of history. It has become a landmark with the Billboard and one of the World's largest Rocking Chairs. One of a kind building with high ceilings, wood beams, and brick. Muriel's inside and out. Many upgrades, including electric, plumbing and roof. It would be a great event center or restaurant with opportunities to make it your own. There is a lot of room with a three-car garage and carport. 3 acres completely fenced in. Over 2000 sq. ft of living space built in. This is a must-see to appreciate it. (Phase 1 Environmental, Site Plan and Traffic Report all completed.)

Sq feet
1912
Built

Location

Street address
708 Fremont St
Elevation
5,351 feet
Coordinates
38.4298, -105.0233

Property details

Acreage
9.82 acres
MLS #
RGAR 2969478
Posted

Property taxes

2024
$7,936

Parcels

  • 69007671

Legal description

Listing history

DateEventPriceChangeSource
Jan 13, 2026Back on market$1,250,000PAR
Jan 6, 2026Under contract$1,250,000PAR
July 17, 2025Price drop$1,250,000$100,000 -7.4%PAR
July 10, 2025New listing$1,350,000PAR
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This 9.82-acre property is located at 708 Fremont St in Penrose, CO 81240. The property is available for sale for $1,250,000. It has a structure built in 1912.

Checked 2 hours ago — Updated

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