& Castle Oaks Parker Rd Centennial, CO 80116
- Land
- 13.00 lot acres
Current Use by Public Records
- Land
Property Details for & Castle Oaks Parker Rd
- Lot size
- 13.00 lot acres
- Property type
- Land
Description
This exceptional 13-acre commercial land parcel presents a unique investment opportunity in Franktown, Colorado. Strategically located at the southwest corner of South Parker Road (Highway 83) and Castle Oaks Drive, approximately two miles north of Franktown, this property enjoys high visibility and accessibility. The intersection at Castle Oaks Drive is fully lighted, enhancing its appeal for commercial development. The Town of Castle Rock is anticipated to view a commercial development application favorably for this site. Preliminary assessments suggest that water, sewer, and drainage services are readily available through the local water and sanitation district. A significant cost savings opportunity exists with readily available excess fill dirt from a master developer at a nominal cost; however, engineering and compaction would be the buyer's responsibility. Currently zoned Agricultural (AG) in Douglas County, this property boasts remarkably low 2021 property taxes estimated at only $14. The Assessor Parcel Number is 2349-270-00-003, and the Assessor Account Number is R0353102. This prime location, coupled with its potential for commercial development and low tax burden, makes this a compelling investment opportunity priced at $2,499,000. The property's address is S. Parker Rd. & Castle Oaks, Franktown, CO 80116.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Centennial
- County
- Douglas
- State
- Colorado
- Longitude
- -104.792
- Latitude
- 39.5763
