423 Perry StCastle Rock, CO 80104

Property Details for 423 Perry St

Year built

1955

Construction

WOOD FRAME

Lot size

0.16 AC

Property size (Sq ft)

1,513 SF

Property type

Retail space

APN

R0071853

APU

R0071853

Description

This exceptional redevelopment opportunity encompasses a combined 1.03 acres (0.64 acres and 0.29 acres contiguous lots) in the heart of downtown Castle Rock, Colorado. The site boasts three existing buildings: a 6,933 square foot structure at 414 Wilcox St (circa 1900), a 1,733 square foot building at 423 N Perry St (circa 1955), and a 2,600 square foot building at 421 N Perry St (circa 1965). This prime location offers tremendous visibility at the hard corner of Wilcox Street and Fifth Street, ensuring high traffic exposure. The property benefits from easy access to major transportation arteries, including I-25 and SH86, and is surrounded by numerous mixed-use developments currently under construction. The Downtown Overlay zoning provides flexibility for a variety of development options. Strong demographics and high traffic counts make this an ideal location for a diverse range of retail uses, including, but not limited to, auto shops, coffee shops, and office spaces. The property is located in Douglas County, Colorado, with the zip code 80104. Submit your best offer for this unique redevelopment opportunity.

• CAP approach

  CAP return

  Valuation

  6%

  $486,489

  6.5%

  $449,067

  7%

  $416,990

• Comparable approach

  Method

  Valuation

  Relative Method

  $315,010

  Geo Method

  $315,010

• Alternative Use

  Use

  Valuation

  Residential

  $378,805

  Hospitality

  $346,983

  Educational

  $288,686

  Medical

  $298,614

  Retail

  $449,067

Location Insight

City

Castle Rock

County

Douglas

State

Colorado

Latitude

39.3742

Longitude

-104.859

CBSA code

19740

CBSA name

DENVER-AURORA, CO METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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