198 Main StLimon, CO 80828

Property Details for 198 Main St

Year built

1973

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

0.86 AC

Property size (Sq ft)

2,860 SF

Property type

Sports & entertainment properties

Property subtype

Other sports & entertainment properties

APN

258516307002

APU

258516307002

Description

This exceptional investment opportunity presents a 48-unit tiny home village situated on a 3.44-acre lot in Limon, Colorado. The property, located at 198 Main St, Limon, CO 80828, boasts a total of 38,400 square feet of net rentable space housed within a single, one-story building constructed in 2019 and renovated the same year. Currently vacant, this Class C multifamily property offers significant value-add potential. The property features 48 pads, with 16 currently built out and 32 requiring completion. Each unit is designed for efficient living, targeting a growing market for affordable and sustainable housing. The property is zoned for commercial use and benefits from its convenient location off I-70, an area with high traffic volume. The asking price is $715,000, translating to $14,895 per unit. While the current NOI and Cap Rate are 0%, the property's strategic location and high unit count present a compelling opportunity for significant future income generation. The property's APN is 258516301001.

Location Insight

City

Limon

County

Lincoln

State

Colorado

Latitude

39.2632

Longitude

-103.674

Property Tax & Assessments

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