1607-9 US Highway 34
11,140 SF Specialty Building Offered at $5,400,000 at a 5.50% Cap Rate in Drake, CO 80515
Executive Summary
First time in 40 years for Sale. What an opportunity to own a part of History in the Making. 12 RV Spaces, 40 Tent Sites for Camping, 2 homes, 2 cabins, Commercial Building and 2 Privies. On the North Fork Big Thompson River. Almost 36 Acres of beautiful land. Very well taken care of, just needs the right Owner to turn this into a Destination Spot. Just 25 minutes to Estes Park and 25 minutes to Loveland on Highway 34. The Commercial Building could be turned into a Coffee, Sandwich, Store, Gift Shop, etc.
Owner carry terms.
Owner ready to move.
Owner carry terms.
Owner ready to move.
Property Facts
Price | $5,400,000 |
Price Per SF | $485 |
Sale Type | Investment |
Cap Rate | 5.50% |
Sale Conditions | Redevelopment Project |
Property Type | Specialty |
Property Subtype | Trailer/Camper Park |
Building Class | C |
Lot Size | 35.91 AC |
Building Size | 11,140 SF |
No. Stories | 1 |
Year Built | 1906 |
1 of 1
PROPERTY TAXES
Parcel Number | 15032-00-038 | Improvements Assessment | $124,137 |
Land Assessment | $57,588 | Total Assessment | $181,725 |
zoning
Zoning Code | Commercial |