520 Prospect Ave La Junta, CO 81050
This exceptional 4.31-acre commercial land parcel presents a unique investment opportunity in La Junta, Colorado. Located at 520 Prospect Ave, Otero County, zip code 81050 (latitude 37.983068, longitude -103.5254733), this property offers significant potential. The land encompasses 187,744 square feet and is priced at $174,014 per acre, totaling $750,000. Currently configured as Country Edge Estates Mobile Home Park, the site includes 41 lots, with 29 occupied by tenant-owned homes. This provides immediate cash flow, while the remaining 12 vacant lots offer substantial upside potential for development and increased revenue generation through the addition of new or newer mobile homes. A key advantage is the inclusion of city water and sewer services, currently paid for by the park, representing a significant value-add for the new owner by passing these utility costs onto tenants. The property's convenient location, minutes from downtown La Junta, ensures easy access to shopping, dining, and other essential services. This presents a compelling opportunity for investors seeking a blend of immediate return and long-term growth potential in a desirable Colorado location.
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.