1111 Victory Way Craig, CO 81625

Property Details for 1111 Victory Way

Year built

1980

Lot size

6.94 lot acres

Property size

87,814 SF

Property type

Lifestyle centers

Property subtype

Power centers

APN

065736317001

Description

This exceptional value-add investment opportunity presents the Centennial Mall of Craig, a 87,814 square foot mixed-use retail center situated on a 6.94-acre lot at 1111 W Victory Way, Craig, CO 81625. Currently boasting 70% occupancy with 15 tenants, including established names like Dollar Tree and Domino's Pizza, this single-story, 1980-built property offers significant upside potential. The property features 200 parking spaces and benefits from a prime location on Highway 40, ensuring high visibility and traffic. Leases are structured as NNN, with rent bumps ranging from 3% to 5% annually, depending on lease terms. The property is zoned C-2 and has an approved Conditional Use Permit, opening doors to a variety of potential uses. The city of Craig is actively pursuing urban renewal initiatives, presenting additional opportunities for investors. This property is located in an Opportunity Zone, offering potential tax advantages. The mall's central location serves a growing regional hub encompassing parts of Colorado, Wyoming, and Utah. Proximity to Steamboat Springs Resort (approximately 45 minutes away) further enhances its appeal. The asking price for this significant retail investment is $1,975,000. The property's APN is 065736317001.

Location Insight

City

Craig

County

Moffat

State

Colorado

Longitude

-107.56036465

Latitude

40.51435066

Property Visit Statistics

• Visits by month
  5.3k
• Visitors by month
  3.7k
• Avg Time on site
  17 min