571 Riverland DrCrested Butte, CO 81224

  • Industrial properties
  • 390 SF
For Sale
$750,000 View listing

Property Details for 571 Riverland Dr

Year built
2001
Property size (Sq ft)
390 SF
Property type
Industrial properties
Property subtype
Manufacturing properties
APN
325512036005
APU
325512036005

Description

This exceptional investment opportunity encompasses a thriving Crested Butte equipment rental center, along with two residential units, all situated within the desirable Riverland Industrial Park at 571 Riverland Drive, Units A, B, C, D, Crested Butte, CO 81224. The 2,331 square foot building, constructed in 2001 and spanning two stories, houses the well-established rental business, boasting an extensive inventory of small tools, Bobcats, and heavy equipment. The business occupies 1,316 square feet of garage bays, providing ample space for inventory storage and maintenance. Significant added value comes from the two residential units – a one-bedroom and a studio apartment – located upstairs. These units offer long-term rental income potential, and could serve as owner or employee housing. The property also features abundant parking and extensive outdoor storage. Overlooking the Slate River and Whetstone Mountain, this property benefits from a prime location, ideally positioned to serve the growing construction industry in the area. The building's multi-unit structure and the inclusion of the successful rental business create a unique and lucrative investment opportunity. This turnkey operation is ready for a new owner to continue its success.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • Alternative Use

    Use
    Valuation
    Residential
    $82,037
    Hospitality
    $75,146
    Educational
    $62,520
    Medical
    $64,671
    Retail
    $97,254
571 Riverland Dr, Crested Butte, Colorado

Location Insight

City
Crested Butte
County
Gunnison
State
Colorado
Latitude
38.848
Longitude
-106.949

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
$4,864
-
$81,620
$81,620
-
-
$322,530
$322,530

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