Current Use by Public Records
- Specialty properties
Property Details for 2951 Us-50
- Year built
- 1920
- Lot size
- 190.00 lot acres
- Property type
- Specialty properties
- Property subtype
- Schools
Description
The Abbey, a remarkable 190-acre mixed-use campus in Canon City, Colorado, presents a unique investment opportunity. This expansive property, listed at $8,000,000, boasts 195,134 square feet of space across 16 buildings, constructed in 1920. The property's zoning is R-1/C, allowing for a variety of uses. Currently generating income from existing leases with the Department of Corrections, an event center, and a winery, the campus offers significant potential for expansion and diversification. The property includes a working farm, adding to its diverse income streams and stable land value. The campus layout, centered around a quadrangle, creates a cohesive atmosphere ideal for educational, religious, or institutional uses. The Abbey's historical significance and interesting architecture add to its appeal. Conveniently located on US-50, this property offers ample land for future development, capitalizing on the existing infrastructure and income-generating tenants. The property's rich history and versatile layout make it an exceptional opportunity for developers and investors seeking a unique and profitable venture. The existing buildings offer potential for adaptive reuse, while the extensive acreage provides room for expansion and new construction. The combination of existing income streams, agricultural land, and prime location makes this a compelling investment.
Value Estimations
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AI approach
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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
- -105.201
- Latitude
- 38.4483
