53 County Road 982Arboles, CO 81121

Property Details for 53 County Road 982

Year built

1965

Lot size

1.64 AC

Property size (Sq ft)

4,070 SF

Zone code

COMMERCIAL

Property type

Hospitality properties

Property subtype

Hotels

APN

616117210001

APU

616117210001

Description

This exceptional mixed-use property, located at 53 COUNTY ROAD 982, Arboles, CO, presents a unique investment opportunity. Spanning 6,670 square feet on a 1.6-acre lot at the corner of Highway 151 and the road to Navajo Lake, this established business complex enjoys a prime location at the gateway to Navajo State Park. The property includes a well-established gas station, a liquor store, a convenient store, and a restaurant, all equipped and ready to operate. An enclosed outdoor patio area provides additional space for customers. Further enhancing the income potential are seven long-term rental units and a public laundromat. A significant asset is the inclusion of a post office operating under a five-year lease. An occupied single-wide mobile home rental adds to the property's income stream. This turnkey operation has served the community since 1977, benefiting from its strategic location as a last stop for many heading to Navajo Lake. The property is being sold "AS IS - WHERE IS," offering significant potential for future growth and expansion within this thriving community situated between Pagosa Springs and Ignacio. This is a rare chance to acquire a well-established, multi-faceted business in a high-demand location. The property's diverse income streams and prime location make it an attractive investment for a savvy entrepreneur.

• CAP approach

  CAP return

  Valuation

  6%

  $869,715

  6.5%

  $802,814

  7%

  $745,470

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,120,020

  Geo Method

  $790,219

• Alternative Use

  Use

  Valuation

  Residential

  $876,439

  Hospitality

  $802,814

  Educational

  $667,932

  Medical

  $690,903

  Retail

  $1,039,005

Location Insight

City

Arboles

County

Archuleta

State

Colorado

Latitude

37.0231

Longitude

-107.419

Property Tax & Assessments

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