12440 Rio LnFalcon, CO 80831

For Sale
$1,750,000 View listing
  • Commercial real estate
  • 992 SF

Property Details for 12440 Rio Ln

Year built
1993
Construction
WOOD FRAME
Lot size
5.00 AC
Property size (Sq ft)
992 SF
Zone code
CC
Property type
Commercial real estate
APN
4307001001
APU
4307001001

Description

This exceptional 4-acre commercial property boasts prime highway frontage on Highway 24 in Peyton, Colorado. Its strategic location, just half a block from the Woodmen/24 intersection, ensures unparalleled visibility and accessibility for any business. The property presents a remarkable investment opportunity, particularly given the planned development of a 53-acre commercial shopping center directly adjacent. This proximity promises significant future growth and increased property value. While currently serviced by a residential/commercial well and septic system, water and sewer taps are anticipated to be available within the coming year. Electricity is readily accessible at the property line. The expansive acreage offers considerable flexibility for a wide range of commercial ventures, making it an ideal site for development or expansion. This is a rare chance to secure a prominent location in a rapidly developing area with excellent potential for long-term returns. The asking price is $1,750,000. Don't miss this opportunity to capitalize on this exceptional commercial land investment.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • Alternative Use

    Use
    Valuation
    Residential
    $248,364
    Hospitality
    $227,500
    Educational
    $189,277
    Medical
    $195,787
    Retail
    $294,431
12440 Rio Ln, Falcon, Colorado

Location Insight

City
Peyton
County
El Paso
State
Colorado
Latitude
38.94
Longitude
-104.597
CBSA code
17820
CBSA name
COLORADO SPRINGS, CO METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$4,971
$43,140
$34,600
$77,740
-
$154,638
$124,003
$278,641

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