423 Perry St Castle Rock, CO 80104-2422
- Retail space
- 1,513 SF
- 0.16 lot acres
Current Use by Public Records
- Castle Rock Web Design / Website Designer / Internet Marketing Service
- Castle Rock Roofers / Roofing Contractor
- Castle Rock SEO / Internet Marketing Service / Web Hosting Company
- Acoma Lock & Security / Locksmith / Emergency Locksmith Service
- Best Colorado Contractors / Roofing Contractor
Property Details for 423 Perry St
- Year built
- 1955
- Construction
- WOOD FRAME
- Lot size
- 0.16 lot acres
- Property size
- 1,513 SF
- Property type
- Retail space
- APN
- R0071853
- APU
- R0071853
Description
This exceptional redevelopment opportunity encompasses a combined 1.03 acres (0.64 acres and 0.29 acres contiguous lots) in the heart of downtown Castle Rock, Colorado. The site boasts three existing buildings: a 6,933 square foot structure at 414 Wilcox St (circa 1900), a 1,733 square foot building at 423 N Perry St (circa 1955), and a 2,600 square foot building at 421 N Perry St (circa 1965). This prime location offers tremendous visibility at the hard corner of Wilcox Street and Fifth Street, ensuring high traffic exposure. The property benefits from easy access to major transportation arteries, including I-25 and SH86, and is surrounded by numerous mixed-use developments currently under construction. The Downtown Overlay zoning provides flexibility for a variety of development options. Strong demographics and high traffic counts make this an ideal location for a diverse range of retail uses, including, but not limited to, auto shops, coffee shops, and office spaces. The property is located in Douglas County, Colorado, with the zip code 80104. Submit your best offer for this unique redevelopment opportunity.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $290,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $370,000
- 6.5%
- $430,000
- 7%
- $445,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $425,000
- Geo Method
- $430,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $320,000
- Retail
- $350,000
- Mixed-Use
- $410,000
- Hospitality
- $405,000
- Educational
- $335,000
- Residential Income
- $350,000
- Energy
- $345,000
- Income-Based Land
- $305,000
- Food Service
- $305,000
Location Insight
- Map
- Local Demand
- City
- Castle Rock
- County
- Douglas
- State
- Colorado
- Longitude
- -104.859
- Latitude
- 39.3742
- CBSA code
- 19740
- CBSA name
- DENVER-AURORA, CO METROPOLITAN STATISTICAL AREA