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Commercial Land with Build-to-Suit
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For Lease
$25 SF/Yr

151 Mel Rey Road, Glenwood Springs, CO 81601

Commercial Lease, Glenwood Springs, CO

Space SizeContact for details
Lot Size0.32 Acres
Days on Market7

Property Features for 151 Mel Rey Road

General Information

Property type Commercial Lease
Property subtype Other
Zoning Commercial
Directions Exit I-70 at West Glenwood. Proceed 0.10 miles north from roundabout on Mel Rey, On left side. Gated.
Subdivision Glenwood Springs
Standard status Active
APN 218506101009
Lot size 0.32 Acres

Taxes and HOA fees

Tax Year 2025
Tax Description SECTION: 6 TOWNSHIP: 6 RANGE: 89 SUBDIVISION: MEL-RAY SUB. BLOCK: 1 LOT: 1 14150 SQUARE FEET
Legal Description SECTION: 6 TOWNSHIP: 6 RANGE: 89 SUBDIVISION: MEL-RAY SUB. BLOCK: 1 LOT: 1 14150 SQUARE FEET

Utilities

Water source Public

Building Details

Year built 2027
Listing Agency: Douglas Elliman Real Estate-Willits
Listed By: Gabe Molnar · License #FA100095642
Added: Aug 25 Last Checked: Aug 31 at 8:06PM
MLS# 194315

Copyright © 2026 Aspen Glenwood MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

Investment Insights

Based on property information with market context.

This 0.32-acre commercial land parcel is offered for a build-to-suit lease, with the planned improvement sized at approximately 5,000 SF but adaptable to tenant requirements. Potential configurations identified for the project include warehouse, distribution, office, retail, live/work, or combinations of these uses. Construction is scheduled for 2027, with the owner prepared to begin after lease execution.

The site is approximately one minute from the West Glenwood I-70 interchange and positioned roughly equidistant from Aspen and Vail. Public water is identified as the available water source. A future purchase option is also available for consideration as part of the lease structure.

Key Highlights

  • 0.32‑acre commercial land parcel available for a build‑to‑suit lease
  • Conceptual improvement of approximately 5,000 SF, with size and configuration flexible to tenant needs
  • Potential layouts include warehouse, distribution, office, retail, live/work, or mixed‑use space

Property Analytics

Current Use

Commercial land

Suggested Use

Top Pick Parking Lot & Garage HVAC Service Pharmacy (Bike/Boat/Book/etc) Store Furniture & Home Goods Storage Facility

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

NNN (Triple Net)
Lease Type
$3.75 /SF/Yr
CAM

Location Intelligence

Trade Area within ½ mile

330
Businesses Nearby

Demographics for 81601, CO

16,484
Population
6,491
Households
2.5
Avg Household Size
38
Median Age
41%
College-Educated
88%
High-School Grad
367.6 sq mi
ZIP Area
45
Density / Sq Mi
$103,632
Median Household Income
$45,271
Median Earnings
$1,812
Median Rent
$726,000
Median Home Value

Market

Vacancy Rate% for Industrial in West region

3.7% 2019
4.3% 2020
2.6% 2021
2.5% 2022
4.8% 2023
6.9% 2024
7.9% 2025
Rey
Questions? Ask Rey
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Frequently Asked Questions

What type of property is this?
Commercial land - Commercially zoned land is offered with a flexible build-to-suit concept spanning warehouse, distribution, office, retail, or mixed-use space.
Where is this commercial land located?
The property is located at 151 Mel Rey Road Glenwood Springs, CO.
What is the lease rate?
The lease rate is $25 SF/Yr.
What are key features of this property?
This property features: 0.32‑acre commercial land parcel available for a build‑to‑suit lease; Conceptual improvement of approximately 5,000 SF, with size and configuration flexible to tenant needs; Potential layouts include warehouse, distribution, office, retail, live/work, or mixed‑use space
More about this property
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