18590 Hwy Peyton, CO 80831
- Mixed-use properties
- 5.17 lot acres
Current Use by Public Records
- Mixed-use properties
Property Details for 18590 Hwy
- Lot size
- 5.17 lot acres
- Property type
- Mixed-use properties
Description
This exceptional 5.17-acre mixed-use property boasts unparalleled visibility and accessibility on Highway 24 in Peyton, Colorado. The property comprises three parcels (A, B, and C) and currently houses a diverse range of established businesses, including an auto sales center, storage units, a grocery store/liquor store, a retail boutique, and a residence. The existing structures present a unique opportunity for immediate income generation while offering significant potential for redevelopment or expansion. The property is zoned A-35 with grandfathered uses allowing for both commercial and residential applications. Its strategic location ensures high traffic volume and excellent exposure. Infrastructure is already in place, including electricity and two separate septic systems. Furthermore, the property features two to three wells, with one permitted for use. This presents a rare chance to acquire a substantial mixed-use property with immediate income potential and significant long-term development possibilities in a rapidly growing area. The combination of existing businesses, ample land, and strategic location makes this an exceptional investment opportunity for discerning buyers seeking a high-return asset with diverse income streams. The property's current configuration and zoning provide flexibility for a wide range of future uses, catering to various investment strategies and development plans. Serious inquiries are encouraged to explore the full potential of this remarkable property. The asking price is $2,825,000.
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
- Peyton
- County
- El Paso
- State
- Colorado
- Longitude
- -104.481
- Latitude
- 39.0266
