101 Victory WayCraig, CO 81625

Property Details for 101 Victory Way

Year built

1956

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

0.07 AC

Property size (Sq ft)

3,125 SF

Property type

Office properties

APN

R007412

APU

R007412

Description

This exceptional 3,125 square foot commercial property, located at 101 Victory Way in Craig, Colorado, presents a unique investment opportunity. Boasting excellent visibility directly off Highway 40 and convenient proximity to downtown Craig, this building offers significant potential for a variety of business ventures. Currently featuring an existing tenant, the property generates immediate income while providing flexibility for future expansion or diversification. The building's layout allows for the option of renting out individual spaces or utilizing the entire space for a single large operation. A partially unfinished basement provides ample storage capacity, adding to the property's overall functionality. The strategic location, combined with the existing income stream and versatile design, makes this property an attractive proposition for savvy investors seeking a strong return on investment. The property is situated on a lot with no acreage, making it ideal for a business that doesn't require extensive outdoor space. This is a rare opportunity to acquire a well-positioned commercial building in a thriving community. Serious inquiries are encouraged to explore the full potential of this exceptional property.

• CAP approach

  CAP return

  Valuation

  6%

  $574,298

  6.5%

  $530,121

  7%

  $492,256

• Comparable approach

  Method

  Valuation

  Relative Method

  $635,955

  Geo Method

  $258,188

• Alternative Use

  Use

  Valuation

  Residential

  $657,351

  Hospitality

  $602,130

  Educational

  $500,965

  Medical

  $518,194

  Retail

  $779,279

Location Insight

City

Craig

County

Moffat

State

Colorado

Latitude

40.5144

Longitude

-107.549

CBSA code

18780

CBSA name

CRAIG, CO MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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