201 Wapiti Dr Fraser, CO 80442
This exceptional 0.58-acre mixed-use property, located at 201 S Wapiti Dr in Fraser, Colorado (80442), presents a unique investment opportunity. Currently vacant, this 25,265 square foot lot is zoned for business use and benefits from a Riverwalk Overlay, allowing for increased density. The property's flat terrain makes it highly buildable, offering significant potential for various developments, including condominiums, apartments, retail spaces, restaurants, or a parking garage. Its prime location offers easy access to US Highway 40 and is situated behind the Holiday Inn, with convenient access to Safeway via a stoplight. The property's adjacency to the Fraser River Trail and the historic Fraser Walk Thru History Park adds to its appeal. The asking price is $950,000. APN: 1587-191-52-002. Pre-approval for residential units is in place. An offering memorandum is available upon request. This is a rare chance to acquire a highly desirable property in a thriving Colorado mountain town.
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
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
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Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.