12440 Rio LnFalcon, CO 80831
- 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
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
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
FAQs
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