757 County Road 308 - Commercial LAND FOR SALE


Dumont, CO 80436 119,790 SF
$850,000 USD
720-683-0399
757 County Road 308, Dumont, CO for Sale
$850,000 USD
Commercial LAND - FOR SALE
1/23
119,790 SF

757 County Road 308
Dumont, CO 80436


HIGHLIGHTS

  • Current CAP Rate: 7.9%. Proforma CAP Rate: 9.38%
  • Gross Income: $97,347
  • NOI: $67,332 (including 7% Management Fee)
  • 50,000+ VPD
  • Located in Dumont On High Traffic I-70 Frontage Road Between Denver and Ski Resorts
  • Redevelopment Opportunity with Stabilized Income

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 already generates $97,347 in annual gross income with potential for increased growth. Stabilized income, 100% occupancy, and recent renovations including a new roof on the cabin and updated mechanicals in mobile homes have the property primed and ready for a hands-off investor. The property has 6 units total with 3 park owned mobile homes, 1 park owned cabin, and two lot rentals. 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. For more info, please text/call Michael Crawford: 720.683.0399. Mcrawford@HoffLeigh.com Key Details: $850,000 listing price Current CAP rate: 7.9% (including 7% mgmt fee) Proforma CAP rate: 9.38% (self-managed, no vacancy, market rents) Current Gross Income: $97,347 Current NOI: $67,332 (including 7% mgmt fee) 3,574sf Park Owned Buildings 1.359 acre lot situated in Dumont between Denver and Ski resorts The property has 6 units total: 5 mobile homes and 1 cabin Well Water, City Sewer and Xcel Electric/Gas Property Details: 100% occupancy, No vacancies "Tenant" mobile homes are owned by property owner. Lot rent mobile homes are owned by tenants & pay lot rent. 5 trailers + 1 cabin (new roof 2023). 1 park owned cabin, 3 park owned mobile homes (Unit 1, Unit 2, Unit 5), and two lot rental mobile homes owned by Tenant (Unit 4 and Unit 6)

FOR SALE DETAILS

PRICE

$850,000 USD

PRICE/ACRE

$309,091/AC

PRICE/SF

$7 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

2.75 AC

LAND SF

119,790 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

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

Michael CrawfordHoff & Leigh DenverMore Info
720-683-0399

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