78415 Us-40Winter Park, CO 80482

Property Details for 78415 Us-40

Property size (Sq ft)

12,144 SF

Property type

Mixed-use properties

Property subtype

Other specialty properties

Description

This exceptional investment opportunity presents a 12,144-square-foot retail condominium in Winter Park, Colorado, located at 78415 US-40, Suite 100, zip code 80482. Currently vacant and in shell condition, this Class B property offers significant potential. The property boasts pre-approved plans for the construction of five residential units, making it ideal for workforce housing or apartments. Approximately $500,000 has already been invested in significant demolition and infrastructure improvements, including water/sewer in-ground plumbing, structural reinforcement, concrete work, and backfill. Detailed building plans for the five units are included in the sale, showing access via an internal ground-level hallway or stairs from the upper floor. The asking price is $825,000, translating to $67.93 per square foot. This represents a value-add investment opportunity with the potential for substantial returns. The property is owned by an LLC and is being offered for sale by owner. Seller financing may be considered. The property is also suitable for various commercial uses, such as a commercial laundry facility with storage. The opportunity exists to acquire two adjacent income-producing suites on the lower level. This property is situated in Grand County, Colorado.

Location Insight

City

Winter Park

County

Grand

State

Colorado

Latitude

39.925

Longitude

-105.787

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