Property profile

23730 Hwy Calhan, CO 80808

OFF-MARKET
Mixed-use properties
0.92 ac lot Built 1929
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Property summary

AI-generated overview

This exceptional 0.92-acre mixed-use property at 23730 Highway 94 in Calhan, Colorado, presents a unique investment opportunity. The property boasts a versatile configuration currently including a garage/shop, an office space, a residence, and an additional shop/garage complete with a mechanics pit. This existing setup provides immediate income potential, currently grandfathered in for temporary storm rental income, allowing for a smooth transition into redevelopment plans. The A-35 zoning allows for multiple uses, offering significant flexibility for future development projects. The strategic corner location on Highway 94 ensures high visibility and accessibility, making it an ideal site for a variety of commercial ventures. Investors will appreciate the existing structures, providing a solid foundation and potential rental income while development plans are finalized. The property's size and zoning regulations offer a compelling opportunity to create a thriving commercial hub or capitalize on the growing demand for mixed-use spaces in the Calhan area. This is a rare chance to acquire a property with immediate income generation and substantial long-term growth potential. The existing buildings are in place, providing a head start on any redevelopment project. Don't miss this chance to secure a prime piece of Calhan real estate. The asking price is $425,000.

Property profile

Verified
Property type Mixed-use properties
Year built 1929
Lot 0.92 ac (40,075 SF)

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

23730 Hwy Calhan, CO 80808
Calhan metro
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Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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