For Sale
$325,000

101 Victory Way Craig, CO 81625

High-yield investment opportunity in Craig, CO

Overview

Added:
Dec 11, 2024
Days on market:
131
This exceptional 6,250 square foot office building, located at 101 W Victory Way in Craig, Colorado (zip code 81625), presents a compelling investment opportunity with an 8.80% cap rate and a net operating income (NOI) of $28,500. The asking price is $325,000, translating to $52 per square foot. Built in 1956, this single-story, brick building sits on a 3,125 square foot lot and is zoned CD. The property boasts a prime downtown location at the northwest corner of Victory Way and Breeze Street, offering high visibility and traffic. The building features floor-to-ceiling retail glass along Victory Way and four separate entrances, providing flexibility for various uses and multiple tenants. Interior features include three units, two ADA-compliant bathrooms, an additional half bath, and a full, unfinished basement. Ample on-street parking and rear alley access are also available. This well-maintained property is ideal for investors seeking a strong return or businesses looking for a high-profile location in a thriving community.

Highlights

  • $325,000 asking price for this Craig, CO office building.
  • 6,250 square feet of office space.
  • $52 per square foot.
  • 8.80% cap rate with a $28,500 NOI.
  • Three units in a single, one-story, 1956-built building.
  • 3,125 square foot lot with CD zoning.

Property Details for 101 Victory Way

Property type
Office properties
Square Feet
6,250 SF
Year Built
1956
Buildings
1
Stories
1
Units
3

Location Insight

City
Craig
County
Moffat
State
Colorado
Latitude
40.5144929
Longitude
-107.5486199

FAQs

What type of property is this?
Office property - High-yield investment opportunity in Craig, CO
Where is the office property located?
The property is located at 101 Victory Way Craig, CO.
What is the asking price?
The asking price for this property is $325,000.
What are key features of this property?
This property features: $325,000 asking price for this Craig, CO office building.; 6,250 square feet of office space.; $52 per square foot.
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101 Victory Way
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