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    FOR SALE
    Individual retail properties

    2831 59Th Ln Boone, CO 81025

    2,880 SF 34.05 ac lot Built 2016
    Entity Owned 7-yr Hold ~ Est. High Equity
    Property ID
    US13-1898733
    2831 59Th Ln, Boone, CO 81025 For Sale 1 / 60
    $320,000 2,880 SF
    2831 59Th Ln, Boone, CO 81025
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    Property summary
    AI-generated overview

    This expansive 35.55-acre property in Boone, CO, presents a unique investment opportunity. Currently zoned for agriculture, 1.5 acres were previously used for a grow operation and could easily be reactivated. The property includes a substantial 3,200 square foot warehouse (96' x 30') equipped for immediate operation. This warehouse features a connected enclosed area housing three 5,000-gallon cisterns. A 96' x 30' hoop house is also on the site. The property is fully secured with perimeter fencing. A significant advantage is the inclusion of a 2018 manufactured home boasting three bedrooms and two bathrooms. This home offers unobstructed mountain views and comes complete with all appliances, including a washer, dryer, and large chest freezer. The home has its own separate septic system. This property offers a blend of industrial space, agricultural potential, and comfortable living quarters, making it ideal for a variety of uses. The location in Boone, CO provides access to the area's natural beauty and resources. The asking price is $700,000.

    Property profile
    Verified
    Property type Individual retail properties
    Use group CANNABIS DISPENSARY
    Year built 2016
    Total area 2,880 SF
    Lot 34.05 ac (1,483,218 SF)
    APN 1100001006
    UPID US13-1898733
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
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    Owner & transaction history
    Cbc Property II LLC · 7 yrs held
    Cbc Property II LLC
    since 2018
    5 recorded transactions
    2018
    $800,000
    2018
    Price N/A
    2017
    Price N/A
    2017
    $400,000
    2015
    Price N/A
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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