757 County Road 308 - Commercial LAND FOR SALE


Dumont, CO 80436 58,806 SF
$975,000 USD
720-683-0399
757 County Road 308, Dumont, CO for Sale
$975,000 USD
Commercial LAND - FOR SALE
1/23
58,806 SF

757 County Road 308
Dumont, CO 80436


HIGHLIGHTS

  • NOI: $90,759.54 (Including 8% Property Management Fee)
  • Current Cap Rate of 9.31%
  • Proforma Cap Rate of 11.49%
  • 50,000+ VPD
  • Located in Dumont On High Traffic I-70 Frontage Road Between Denver and Ski Resorts
  • Redevelopment Opportunity

OVERVIEW

Hoff & Leigh brings you a highly profitable mobile home park and covered land play with I-70 frontage and over 50,000 cars per day! The property is. fully leased with annual lease agreements and rent increases; the property currently generates $120,306 in annual gross income with potential for increased growth. Recent renovations including a new roof on the cabin have the property primed and ready for a hands-off investor to collect checks. The property has 6 units, all units will be owned by the Park Owner. As a covered land play, zoning allows for a variety of uses including restaurant, retail, office, and industrial. A short 40 min drive to downtown Denver and to the major ski resorts makes it ideal for ski town workers or even as short term rentals. Call us today to take advantage of this rare opportunity. The current owner purchased the property in 2020. The property was in shambles with no income in place and needed a significant amount of work. Owner did a significant amount of value add; new roof on cabin, grading, leased up the units, updated mechanicals in the mobile homes, purchased the 2 remaining tenant-owned trailers, etc. Key Details: $975,000 Current Gross Income: $120,306 Current NOI: $90,759 (including 8% mgmt fee) Current CAP Rate: 9.31% (proforma 11.49% CAP) 6 units total: 5 mobile homes and 1 cabin (All Park-Owned, new roof on cabin in 2023) 5,422sf 1.359 acre lot situated in Dumont between Denver and Ski resorts Well Water, City Sewer and Xcel Electric/Gas 100% occupancy, No vacancies

FOR SALE DETAILS

PRICE

$975,000 USD

PRICE/ACRE

$722,222/AC

PRICE/SF

$17 USD /SF

# OF LOTS

-

LAND DETAILS

PROPERTY TYPE

Land

PROPERTY SUBTYPE

Commercial

LAND PROPOSED USE

Commercial, Retail, Office, Mixed Use, Hospitality, Auto Dealership, Auto Repair, Bank, Car Wash, Community Center, Contractor Storage Yard, Convenience Store, Day Care Center, Drug Store, Fast Food, Health Care, Hotel, Industrial Live/Work Unit, Manufactured Homes/Mobile Home Park, Medical, Motel, Restaurant, Schools, Service Station, Storefront, Storefront Retail/Office, Storefront Retail/Residential, Strip Center

LAND ACRES

1.35 AC

LAND SF

58,806 SF

OFFSITE IMPROVEMENTS

Sewer, Water, Electricity, Gas, Streets, Cable, Telephone

ZONING

C1

APN/PARCEL ID

1835-30-2-00-040

ASK ABOUT THIS PROPERTY

Michael CrawfordHoff & Leigh DenverMore Info
720-683-0399

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Michael CrawfordHoff & Leigh DenverMore Info
720-683-0399

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.