530 Grand Mesa DrCedaredge, CO 81413

Exceptional assisted living development opportunity in Cedaredge, Colorado, nestled at the base of Grand Mesa. This 15,767 square foot, two-story building, constructed in 1996 and renovated in 2019 and 2023, sits on a 1.05-acre lot and features 30 units. The property boasts modern amenities including 27 rooms with laminate flooring, flat-screen TVs, Wi-Fi, HVAC, microwaves, refrigerators, coffee makers, and hair dryers. Guest amenities include coin-operated laundry and vending machines. An indoor pool and hot tub are available year-round. An on-site apartment provides convenient owner/manager housing. The property is zoned MUC-D1 (conditional use for senior living) and located in a FEMA flood zone X. This prime location offers easy access to recreational activities such as hiking, biking, fishing, hunting, and snowmobiling, as well as an 18-hole golf course. Cedaredge is known for its thriving agricultural community and arts culture. The asking price is $2,100,000 ($133.19/sq ft). This is a fee simple ownership opportunity. The property's location offers excellent highway visibility. While historical hotel income data is available, this property is being marketed for its assisted living development potential. All information provided is believed to be reliable but should be independently verified.