48-Unit Conversion Opportunity in
For Sale
Contact for pricing
3075 US-50, Canon City, CO 81212
Value-add opportunity for senior, workforce, or multifamily housing conversion.
Property Size22,000 SF
Price / SF$113.64
Days on Market112
Property Features for 3075 US-50
General Information
Standard status
Active
Size
22,000 SF
Property subtype
Multifamily
Zoning
B, Business Zone District
Investment Type
Redevelopment
Building Details
Year Built
1995
Year Renovated
2023
Buildings
1
Stories
2
Units
48
Listing Agency:
Niraj Desai
Listed By:
Nick Desai · License #FSBO
Source:
Crexi
Added: May 12
Changed: Aug 8
Last Checked: Aug 28 at 10:16AM
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 Niraj Desai
Investment Insights
Based on property information with market context.
This property presents a value-add opportunity with a 48-unit building situated in the rapidly growing Cañon City corridor. The property, currently operating as an extended-stay hotel (Suburban Studios), is being subdivided onto its own parcel. It is positioned for a change-of-use conversion to senior housing, workforce housing, or standard multifamily apartments. Located adjacent to incoming master-planned developments, the property offers the opportunity to bring density to a supply-constrained market without capital expenditures typically associated with retrofitting older buildings for residential fire code compliance. The building is fully fire-sprinklered. The property size is 22000 square feet.
Key Highlights
- Value‑add opportunity for conversion to Senior Housing, Workforce Housing, or Multifamily Apartments.
- Fully fire‑sprinklered 48‑unit building, reducing retrofit costs.
- Located in the rapidly expanding Cañon City corridor.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
282
Businesses Nearby
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Business Placement
Demographics for 81212, CO
31,643
Population
12,918
Households
2.4
Avg Household Size
45
Median Age
22%
College-Educated
91%
High-School Grad
672.0 sq mi
ZIP Area
47
Density / Sq Mi
$63,545
Median Household Income
$38,670
Median Earnings
$1,063
Median Rent
$286,300
Median Home Value
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Apartment building - Value-add opportunity for senior, workforce, or multifamily housing conversion.
Where is this apartment building located?
The property is located at 3075 US-50 Canon City, CO.
What is the asking price?
The asking price for this property is $2,500,000.
What are key features of this property?
This property features: Value‑add opportunity for conversion to Senior Housing, Workforce Housing, or Multifamily Apartments.; Fully fire‑sprinklered 48‑unit building, reducing retrofit costs.; Located in the rapidly expanding Cañon City corridor.
