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Mixed-Use Property on Highway 40
For Sale
$1,650,000

1111 W Victory Way, Craig, CO 81625

Large-scale commercial space with an approved conditional use permit and a central town location.

Property Size87,814 SF
Price / SF$18.79
Days on Market1684

Property Features for 1111 W Victory Way

General Information

Standard status Active
Size 87,814 SF
Total Parking Spaces 300
Property subtype Commercial

Site & Location

Highway Access Yes
Road Access Yes

Additional Details

Opportunity Zone Yes

Building Details

Building Size 87,814 SF
Year Built 1980
Units 25
Listing Agency: Exp Realty LLC
Listed By: Pam Haynes
Source: Coloradopartners
Added: Jan 19, 2022 Changed: Aug 30 Last Checked: Aug 30 at 12:38AM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Exp Realty LLC

Investment Insights

Based on property information with market context.

Centennial Mall is a mixed-use commercial property containing over 87,814 square feet of space. Constructed in 1980, the property offers a substantial existing footprint for retail and other commercial uses. A conditional use permit has been approved by the city, and the permit allows consideration of multiple uses.

The property sits in the center of Craig along Highway 40, providing exposure from a principal town route. It is located within an Opportunity Zone, and urban renewal funding is available. Additional city incentives may be possible through application. The property is approximately 45 minutes from Steamboat Springs Resort and is positioned within a regional area serving Colorado, Wyoming, and Utah.

Key Highlights

  • Over 87,814 square feet of mixed‑use space
  • Approved city conditional use permit for multiple potential uses
  • Located in an Opportunity Zone

Property Analytics

Current Use

Octane Auto & Specialty ... Auto Repair Shop Centennial Mall Office Shopping Center & Mall Twisted Momma Tumblers ... Custom T-Shirt Store Knowhere to Escape Resort Dollar Tree Discount Store

Suggested Use

Top Pick Dental Office Real Estate Agency Building Supply Law Firm Storage Facility Big Box & Wholesale Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Yes
Highway access
Yes
Paved road access

Location Intelligence

Trade Area within ½ mile

166
Businesses Nearby
36k
Monthly Visits Nearby

Foot Traffic Nearby

Superstores 69% Home Improvements & Furnishings 13% Hotels & Casinos 10% Apparel 4%
Walmart Superstores
25,099 visits/mo 0.4 miles
M.J.K. Sales And Feed Inc Home Improvements & Furnishings
4,877 visits/mo 0.1 miles
Hampton Inn & Suites Craig Hotels & Casinos
1,468 visits/mo 0.4 miles
maurices Apparel
1,435 visits/mo 0.5 miles
Candlewood Suites Craig-Northwest, an IHG Hotel Hotels & Casinos
1,430 visits/mo 0.2 miles

Demographics for 81625, CO

12,560
Population
5,667
Households
2.2
Avg Household Size
38
Median Age
21%
College-Educated
93%
High-School Grad
1,507.4 sq mi
ZIP Area
8
Density / Sq Mi
$73,649
Median Household Income
$43,764
Median Earnings
$1,059
Median Rent
$266,900
Median Home Value

Market

Vacancy Rate% for Retail in West region

7% 2020
6.3% 2021
5.5% 2022
5.3% 2023
5.5% 2024
5.8% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Mixed-use property - Large-scale commercial space with an approved conditional use permit and a central town location.
Where is this mixed-use property located?
The property is located at 1111 W Victory Way Craig, CO.
What is the asking price?
The asking price for this property is $1,650,000.
What are key features of this property?
This property features: Over 87,814 square feet of mixed‑use space; Approved city conditional use permit for multiple potential uses; Located in an Opportunity Zone
More about this property
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