Property profile

Highway 40 Craig, CO 81625

OFF-MARKET
Commercial real estate
0.5 ac lot
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Property summary

AI-generated overview

This exceptional 0.5-acre commercial lot presents a remarkable development opportunity in Craig, Colorado. Strategically located on Highway 40, this property boasts unparalleled visibility and accessibility, ensuring high traffic exposure for any business venture. The lot is zoned C-2, Community Commercial, offering a diverse range of permitted uses. Potential developers can explore various options, including restaurants, retail establishments, auto sales and rental businesses, and repair shops. A particularly attractive feature is the allowance for multi-family units, opening doors to mixed-use developments. The expansive size of the lot provides ample space for construction and landscaping, allowing for creative design and efficient utilization of the property. Its prime corner location maximizes visibility from Highway 40, guaranteeing significant exposure to a substantial daily traffic flow. This presents a unique chance to establish a thriving business in a dynamic location with considerable growth potential. The asking price of $55,000 makes this an attractive investment for entrepreneurs and developers seeking a high-impact commercial property in a desirable Colorado location. Don't miss this opportunity to secure a prominent piece of Craig's commercial landscape.

Property profile

Verified
Property type Commercial real estate
Lot 0.5 ac (21,780 SF)

Cap rate & NOI

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

Location

Highway 40 Craig, CO 81625
Craig metro
Google Maps

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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