580 Russell St Craig, CO 81625-1908
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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.