0 Xxx Franktown Franktown, CO 80116
This exceptional 151-acre equestrian center near Franktown, Colorado, presents a unique investment opportunity. The property boasts a fully operational boarding and training facility permitted for 130 horses. Key improvements include a substantial 27,000 square-foot indoor stall barn with 44 heated stalls, an attached indoor riding arena (80' x 210'), and ample outdoor facilities. These include covered stalls with runs or loafing sheds and paddocks, turnout pens, pastures, a large shop and hay storage building (6,867 sq ft), and various round pens and sheds. The property also features a tastefully remodeled 3,144 square-foot manager's residence with four bedrooms, three baths, and a three-car garage. This home, remodeled in 2014, includes high-end kitchen appliances and finishes. Additional structures include a 720 sq ft storage shed, twelve 1440 sq ft loafing sheds with pens, three shed row barns with 36 covered stalls and runs, 28 turnout pens (24' x 36'), a double-sided outdoor arena (200' x 300'), and numerous rotational pastures with shelters. The property's location offers convenient access to State Highway 86 and 83, placing it minutes from restaurants and shopping. It also adjoins the Cherry Creek Trail system and Mesa Buttes open space, providing extensive trail riding opportunities. The facility is professionally managed and enjoys a strong reputation, consistently maintaining a waiting list for boarders. Two additional parcels totaling 70 acres are under conservation easements. This profitable, well-maintained facility prioritizes horse safety and wellness, offering a compelling investment prospect in a thriving horse community. The asking price is $4,900,000.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
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Property description
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