600 Main St Rangely, CO 81648-3218
This exceptional redevelopment opportunity presents a vacant, 8,112-square-foot freestanding retail building situated on a 0.54-acre lot at 600 E Main St, Rangely, CO 81648. Built in 2010, this former Family Dollar store boasts an open floor plan with convenient rear/side access for deliveries. The property benefits from high visibility with 173 feet of frontage on Main Street, experiencing approximately 5,049 vehicles per day. Its Town Center Commercial (TCC) zoning allows for flexible adaptive reuse or repositioning, catering to a variety of commercial uses. The property includes 22 parking spaces, with two designated as ADA accessible. Nearby amenities include Kum & Go, USPS, Conoco, Dollar General, Ace Hardware, and True Value, enhancing its appeal and potential for attracting tenants. The auction, with no reserve, will take place November 18-20, 2024. This presents a significant value-add opportunity at a substantial discount below replacement cost. The property is currently vacant, with an occupancy date of October 1, 2024. Its strategic location in Rangely, CO, offers access to a community-oriented atmosphere and proximity to essential services, schools, and recreational areas. The property's high visibility and convenient access along US Highway 64 further enhance its attractiveness to potential tenants. This is a unique chance to acquire a well-located retail space in a growing community at an unprecedented price.
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
Similar Nearby for Sale
Property description
Physical attributes from public recordsZoning & alternative use
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.