20094 US Highway 50 - Food Processing FOR SALE


Rocky Ford, CO 81067
$1,900,000 USD
720-365-9138
20094 US Highway 50, Rocky Ford, CO for Sale
$1,900,000 USD
Food Processing - FOR SALE
1/7
null | Request Cap Rate

20094 US Highway 50
Rocky Ford, CO 81067


HIGHLIGHTS

  • Railspur
  • East & West Access to Hwy 50
  • Zone for Medical Marijuana Cultivation/Production/Manufacturing
  • Open Floor Plan - No Columns
  • Office Space
  • Test Kitchen

OVERVIEW

This property sits on the South side of Highway 50 just East of downtown Rocky Ford, CO on 5.3 Acres with City/Community Water & Sewer, Railspur, 1500KVA 220/440 3 Phase & 4 Bays in Main Building. The additional 8K SqFt Building is a Drying Facility - once used to dry onions and later to dry Hemp. The plant is vacant and has been since 2019/2020. HISTORY OF PLANT: This property is located in eastern Colorado in the Arkansas River Valley and was originally used as an onion processing plant. In 2005, Colorado Blue Ribbon Foods purchased the plant and had the plant approved as a USDA/FDA food preparation and meat processing plant. Blue Ribbon Foods was a large ready-to-eat (RTE) facility - the food produced could be consumed without further cooking. A USDA inspector was present at the plant on a daily basis to ensure that the products met stringent USDA standards. During 2017-2019/2020 the plant was leased to one of the largest U.S. hemp oil processors. The hemp oil was processed for animal and human food supplements. Recently, the plant has been cleaned out and all of the old ammonia refrigeration equipment has been removed. **** TODAY: The property will require a bit of repair/restoration to get it up and running. Due to it's location in a Designated Rural Enterprise Zone there are a plethora of tax credits available; one of which is for vacant building restoration: Enterprise Zone Vacant Commercial Building Rehabilitation State Tax Credit: 25% of rehabilitation costs (up to $50,000 in credits on $200,000 or more in costs). See Supplements for more details or visit the Otero County website. Showings can be scheduled with 48 hour advanced notice. ZONING: I-1 - Manufacturing, Light Industrial. The plant was annexed into the City Limits allowing for medical marijuana growing & manufacturing (edibles, oils, etc.) with City/County permit/licensing.

FOR SALE DETAILS

PRICE

$1,900,000 USD

PRICE/SF

$40 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Industrial

PROPERTY SUBTYPE

Food Processing

ADD'L SUBTYPES

Distribution, Manufacturing, Warehouse

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1967

UTILITIES

Gas - Natural, Water - City, Sewer - City

CLEAR CEILING HT

22 Ft

DOCKS

1

DRIVE INS

6

PARKING SPACES

-

LAND DETAILS

LAND ACRES

5

LAND SF

217,800

ZONING

I-1 Manu/Light Industrial

APN/PARCEL ID

4443-172-00010

ASK ABOUT THIS PROPERTY

Guinivere StevensonBerkshire Hathaway HomeServices – Colorado REMore Info
720-365-9138

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Guinivere StevensonBerkshire Hathaway HomeServices – Colorado REMore Info
720-365-9138

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