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Property profile & analytics
OFF-MARKET
Commercial real estate

580 Russell St Craig, CO 81625-1908

3,782 SF 0.16 ac lot Built 1945
Individually Owned 2-yr Hold ~ Est. High Equity
Property ID
US13-2050689
Property summary
AI-generated overview

This exceptional 0.16-acre commercial lot, located at 580 Russell Street in Craig, Colorado, presents a unique investment opportunity. Priced at $75,000, this property boasts an unbeatable location just one block from downtown Craig's vibrant core. Its proximity to Alice Pleasant Park places it at the heart of community events, including Food Truck Festivals, Fall Festivals, Small Business Saturday celebrations, the Ghost Walk, Halloween trick-or-treating, and Oktoberfest. This prime location ensures high visibility and accessibility for any business. A significant advantage is the existing utilities already connected to the lot, eliminating a major hurdle and saving considerable time and expense in the development process. The property's versatility makes it suitable for a wide range of commercial ventures, offering significant potential for growth and return on investment. The thriving downtown area and its regular events guarantee a steady stream of potential customers. Don't miss this chance to establish your business in a dynamic and well-connected location. This property is ready for immediate development, offering a streamlined path to realizing your entrepreneurial vision. Act quickly to secure this exceptional opportunity in the heart of Craig, Colorado.

Property profile
Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
Year built 1945
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 3,782 SF
Lot 0.16 ac (7,156 SF)
APN R007445
UPID US13-2050689
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
by Request
Owner & transaction history
Joshua C Veenstra · 2 yrs held
Joshua C Veenstra
since 2024
1 recorded transaction
2024
$35,000
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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