For Sale
$750,000

520 Prospect Ave La Junta, CO 81050

Prime Otero County commercial land, $750,000

Overview

Added:
Dec 11, 2024
Days on market:
138
This exceptional 4.31-acre commercial land parcel presents a unique investment opportunity in La Junta, Colorado. Located at 520 Prospect Ave, Otero County, zip code 81050 (latitude 37.983068, longitude -103.5254733), this property offers significant potential. The land encompasses 187,744 square feet and is priced at $174,014 per acre, totaling $750,000. Currently configured as Country Edge Estates Mobile Home Park, the site includes 41 lots, with 29 occupied by tenant-owned homes. This provides immediate cash flow, while the remaining 12 vacant lots offer substantial upside potential for development and increased revenue generation through the addition of new or newer mobile homes. A key advantage is the inclusion of city water and sewer services, currently paid for by the park, representing a significant value-add for the new owner by passing these utility costs onto tenants. The property's convenient location, minutes from downtown La Junta, ensures easy access to shopping, dining, and other essential services. This presents a compelling opportunity for investors seeking a blend of immediate return and long-term growth potential in a desirable Colorado location.

Highlights

  • $750,000 asking price for 4.31 acres of commercial land.
  • Located at 520 Prospect Ave, La Junta, CO 81050.
  • Land size: 187,744 square feet, priced at $174,014 per acre.
  • Currently operating as Country Edge Estates Mobile Home Park with 41 lots, 29 occupied.
  • 12 vacant lots offer potential for increased revenue.

Property Details for 520 Prospect Ave

Property type
Land
Lot Size (sq. ft)
187,744 SF

Location Insight

City
La Junta
County
Otero
State
Colorado
Latitude
37.983068
Longitude
-103.5254733

FAQs

What type of property is this?
Land - Prime Otero County commercial land, $750,000
Where is the land located?
The property is located at 520 Prospect Ave La Junta, CO.
What is the asking price?
The asking price for this property is $750,000.
What are key features of this property?
This property features: $750,000 asking price for 4.31 acres of commercial land.; Located at 520 Prospect Ave, La Junta, CO 81050.; Land size: 187,744 square feet, priced at $174,014 per acre.
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520 Prospect Ave
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