48-Unit Conversion Opportunity in
3075 US-50 Canon City, CO 81212
3075 US-50, Canon City, CO, 81212
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For Sale
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Value-add opportunity for senior, workforce, or multifamily housing conversion.
Property Size22,000 SF
Price / SF$113.64
Days on Market67
Property Features for 3075 US-50
General Information
- Standard status
- Active
- Size
- 22,000 SF
- Property subtype
- Multifamily
Building Details
- Year Built
- 1995
Listing Agency
Niraj Desai
Listed by
Nick Desai Ā· License #FSBO
Source
Crexi
Added: May 12 Checked: Jul 16 at 5:22 am
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 CaƱon 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
- Valueāadd opportunity for conversion to Senior Housing, Workforce Housing, or Multifamily Apartments.
- Fully fireāsprinklered 48āunit building, reducing retrofit costs.
- Located in the rapidly expanding CaƱon City corridor.
Property Analytics
Property Profile
Location Intelligence
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FAQs
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: Valueāadd opportunity for conversion to Senior Housing, Workforce Housing, or Multifamily Apartments.; Fully fireāsprinklered 48āunit building, reducing retrofit costs.; Located in the rapidly expanding CaƱon City corridor.
