777 4Th StSterling, CO 80751

Property Details for 777 4Th St

Year built

1993

Construction

STEEL FRAME

Lot size

3.97 AC

Property size (Sq ft)

30,793 SF

Property type

Office properties

Property subtype

Office buildings

APN

38052529404001

APU

38052529404001

Description

Exceptional 3.97-acre commercial and residential land parcel in Sterling, Colorado, is available for $795,000. Located at 777 N 4th St, this full city block boasts a prime location in Logan County, zoned C (Community Business). The property offers significant development potential, especially considering its proximity to a newly constructed senior living facility. Previously occupied, the site has been cleared, with utilities disconnected at the property line. Sterling's position along I-76 makes it a regional shopping hub for Northeast Colorado and Southwest Nebraska, attracting significant traffic and commerce. The property is approximately 1.5 hours from Denver, providing convenient access to a larger metropolitan area. Interested parties should inquire about any deed restrictions. APN: 3805252940400. This rare opportunity presents a unique chance to build in a thriving community. The property's size and zoning make it suitable for a variety of commercial and residential projects. The recent demolition of the previous structure provides a clean slate for development. This is an excellent investment opportunity in a growing area.

• CAP approach

  CAP return

  Valuation

  6%

  $5,779,718

  6.5%

  $5,335,124

  7%

  $4,954,044

• Comparable approach

  Method

  Valuation

  Relative Method

  $6,040,620

  Geo Method

  $2,544,118

• Alternative Use

  Use

  Valuation

  Residential

  $6,615,554

  Hospitality

  $6,059,812

  Educational

  $5,041,692

  Medical

  $5,215,084

  Retail

  $7,842,632

Location Insight

City

Sterling

County

Logan

State

Colorado

Latitude

40.6324

Longitude

-103.205

CBSA code

44540

CBSA name

STERLING, CO MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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