2.77 Acres in Winter Park Zoned Destination Commercial

78336 US HWY 40,
WINTER PARK, CO 80482

 

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LISTED AT: $7,000,000

 

Located downtown Winter Park - on 2.77 acres with room to develop.

Well established businesses make up 66% of current tenant occupied spaces.

Leases start coming up for renewal in 2025 and cap rate can be increased with adjusted rents.

Concrete construction.

Current building has two residential units in addition to 14 units consisting of office/retail/commercial/restaurant spaces.

The Potential to expand is Here! All top floor units could be remodeled/converted residential units. Additional residential or commercial property can be constructed on the property. Indoor storage area on lower level has 10' foot ceilings.

Development across the street constructed 38 units on 1.1 acres. Call listing agent for more details and to schedule a private tour.

CALL FOR MORE INFO

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Value Add Property! Double the annual income by adding residential units with parking underneath, as well as retail/residential units facing US HWY 40. 

 

Located on main thorough-fair in Winter Park, CO

This property is located in the heart of Winter Park, with ample foot traffic and massive potential for development!

 

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Property Type: Office, Retail
Subtype: Restaurant, Office Space, Shops
Lease Type: NNN
Tenancy: Multi
Remaining Term: 5 years
Square Footage: 29,709
Price/Sq Ft: $235.62
Cap Rate: 4.00%
Occupancy: 66%
Units: 12
Year Built: 1975
Zoning: DC
Lot Size (acres): 2.77
Price/Acre (Land Value): $1,263,537.91/acre
APN: R305976
 

To read full Offering Memorandum, click the link below:

 

Offering Memorandum
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