2401 Main St Cañon City, CO 81212
- Retail properties
- 2.40 lot acres
Current Use by Public Records
- Retail properties
Property Details for 2401 Main St
- Lot size
- 2.40 lot acres
- Property type
- Retail properties
- Property subtype
- Mobile home & RV parks
Description
This exceptional investment opportunity presents a 2.4-acre multi-tenant property located at 2401 & 2485 E. Main St, Cañon City, CO 81212 (APN: 2401 = 12000440 / 2485 = 12000450). The property encompasses a thriving 17-unit mobile home park, including one single-family home and one duplex, plus four storage sheds. Recent improvements include road resurfacing, two mobile home renovations, landscaping enhancements, and over $10,000 in waterline and sewer line upgrades. The property benefits from on-site property management and presents significant value-add potential. Several vacant spaces allow for the addition of new mobile home units, while one unit is ready for complete replacement. Two additional vacant land areas offer further development opportunities. The property boasts a strong financial performance, with a current Net Operating Income (NOI) of $118,075 and an attractive capitalization rate of 8.14%. This well-maintained property offers a compelling investment opportunity in a desirable location. The asking price is $1,450,000. Financial statements are available upon request.
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
- Cañon City
- County
- Fremont
- State
- Colorado
- Longitude
- -105.212
- Latitude
- 38.4473
