139 Rail Road AveRifle, CO 81650

  • Land
  • 2,325 SF
For Sale
$689,000 View listing

Property Details for 139 Rail Road Ave

Year built
1948
Lot size
0.21 AC
Property size (Sq ft)
2,325 SF
Property type
Land
Property subtype
Commercial land
APN
217716223008
APU
217716223008

Description

This exceptional 0.64-acre development site, located in the heart of Rifle, Colorado's downtown business district, presents a unique opportunity for investors and developers. Boasting frontage on both Railroad Avenue and West 2nd Street, this property offers unparalleled visibility and accessibility. The site is zoned CBD, allowing for a wide range of commercial uses, making it ideal for a variety of projects. Further enhancing its appeal, the property comprises three separate parcels (APN: 217716223008, 217716223009, 217716223006), facilitating phased development. This strategic division allows for flexibility and potentially staggered investment. A significant advantage is the inclusion of nine water and sewer taps—three for each parcel—eliminating a major hurdle in the development process. With a total area of 28,125 square feet and a land value of $33.78 per square foot, this property offers a compelling investment at an asking price of $689,000. The property is offered fee simple. This prime location, combined with its inherent flexibility and readily available utilities, positions this site for substantial future growth and return. Bring your vision and capitalize on this exceptional opportunity to shape the future of Rifle's downtown core. The property is located at 139 Railroad Avenue, Rifle, CO 81650.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • Alternative Use

    Use
    Valuation
    Residential
    $489,069
    Hospitality
    $447,984
    Educational
    $372,718
    Medical
    $385,536
    Retail
    $579,783
139 Rail Road Ave, Rifle, Colorado

Location Insight

City
Rifle
County
Garfield
State
Colorado
Latitude
39.5304
Longitude
-107.784
CBSA code
24060
CBSA name
GLENWOOD SPRINGS, CO MICROPOLITAN 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
$2,913
$41,290
-
$41,290
-
$148,000
-
$148,000

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