502 Front St Castle Rock, CO 80104
This exceptional 0.273-acre commercial land parcel, located at 502 Front St in Castle Rock, Colorado (zip code 80104, APN 2505-111-08-002), presents a unique opportunity for investors. Situated in the desirable Craig and Gould historic district, this property boasts a fully approved plan for a two-triplex development, allowing for the construction of six multifamily units. The permitted zoning is R3 Multifamily, ensuring compliance and streamlining the development process. The asking price for this turnkey project is $1,100,000. This infill lot offers immediate access to the established amenities and vibrant community of Castle Rock. The approved development plan eliminates significant pre-construction hurdles, reducing risk and accelerating the timeline to revenue generation. This is an ideal investment for developers seeking a proven project in a thriving Colorado market. The property's location within the historic district offers potential for enhanced appeal and value. All necessary approvals have been obtained from the City of Castle Rock, making this a truly shovel-ready opportunity. Don't miss this chance to capitalize on the strong demand for multifamily housing in this sought-after area.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.