Location & Site Attributes
1.51 acres (˜?65,776 SF) of commercial land in a visible corner location.
Zoned “Common Land” (X / “Common Land” use) with flexibility for redevelopment.
Includes additional adjacent lot to the east, currently zoned for multifamily, enabling expansion or complementary use.
Former car wash footprint / shell building present, which may reduce demolition or initial site prep cost if reused or retrofitted.
Easy access to I-70; only ~2 blocks from the highway corridor.
Demographics & Market Fundamentals
Population base: ~13,418 within 1 mile; ~102,192 within 3 miles; ~230,218 within 5 miles.
Projected 2024 ? 2029 growth: +5.22% (1mi), +4.12% (3mi), +2.67% (5mi).
Median household income in the 5-mile ring: ~$50,102.
Median home values within the trade area (5 miles): ~$143,185.
Pricing & Cost Basis
Asking price: $85,000
Property tax assessment: Land assessed ~$31,296; improvements (shell) ~$3,648; total assessment ~$34,944.
Value-Add / Upside Potential
Redevelopment opportunity: ability to re-plat, erect new building(s), or densify given adjacent multifamily zoning lot.
Cost savings potential by reusing structure or minimal demolition.
Active urban renewal / reinvestment in the area enhances repositioning upside.
Infill nature: underutilized land in a built-up area, reducing infrastructure extension costs.
Strong visibility, frontage, and signage potential given corner position.
Risk Mitigation & Transaction Positives
Low entry cost relative to land size and redevelopment opportunity.
Seller has “shell condition” building, which may allow expedited redevelopment or temporary use.
Already improved utilities (water, sewer, electricity) exist per listing.
Nearby comparable commercial and land listings support market comparable.
Stephen Fennell
All Realty
