139 Railroad Ave Rifle, CO 81650-2215
This exceptional 0.64-acre development site, located in the heart of Rifle, Colorado's downtown business district, presents a unique opportunity for investors and developers. Boasting frontage on both Railroad Avenue and West 2nd Street, this property offers unparalleled visibility and accessibility. The site is zoned CBD, allowing for a wide range of commercial uses, making it ideal for a variety of projects. Further enhancing its appeal, the property comprises three separate parcels (APN: 217716223008, 217716223009, 217716223006), facilitating phased development. This strategic division allows for flexibility and potentially staggered investment. A significant advantage is the inclusion of nine water and sewer taps—three for each parcel—eliminating a major hurdle in the development process. With a total area of 28,125 square feet and a land value of $33.78 per square foot, this property offers a compelling investment at an asking price of $689,000. The property is offered fee simple. This prime location, combined with its inherent flexibility and readily available utilities, positions this site for substantial future growth and return. Bring your vision and capitalize on this exceptional opportunity to shape the future of Rifle's downtown core. The property is located at 139 Railroad Avenue, Rifle, CO 81650.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
Costs & Benchmarks
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Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.