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Property Detail

U.S. Highway 40
72399 US Highway 40 is a mixed-use property available for multiple tenants and multiple uses .
$6,800,000
Manufacturer: https://www.dnb.com/

Description

  • 72399 US Highway 40 is a mixed-use property available for multiple tenants and multiple uses like retail, light industrial, and food and beverage.
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  • 14,400-SF main building faces Highway 40 with quality wood and stone construction, a commercial kitchen, a retail showroom area, and office space.
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  • Optimally located to capitalize on ski traffic to Winter Park and Mary Jane, both about 10 to 15 minutes away, with hotel options near the property.
  • Situated on 11 acres with water rights near the Fraser River, a valuable attribute that was recently obtained.
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  • 6,000-SF back warehouse currently occupied by a roofer with low bay door access and an adjacent open-air warehouse for outdoor storage.
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  • Tap into a growing area as the population within a 10-mile radius grew by 14.4% from 2010 to 2024 and is projected to increase another 4% by 2029.

Executive Summary

Explore the spectrum of possibilities at 72399 US Highway 40 and discover its potential as a premier point of operations in a unique and flourishing Colorado market.

This mixed-use property has an array of features, allowing it to mold to the specifications and requirements of multiple businesses and sectors. The main building asserts a distinct presence on Highway 40 with its rustic architecture utilizing wood beams, stone, and plank paneling.

The main building's primary suite is located in the middle of the building and is ideal for a mix of workspace and retail with a showroom area and a portal window that allows customers to watch products being made. It also has a 2,400-square-foot upstairs area with a break room, storage space, and an attic. There are several other small office spaces and two retail suites, with one boasting a full commercial kitchen with vent hoods. Suites can easily be combined to support an array of business sizes, and build-to-suit services are available.

Situated on 11 acres, the property also has two 6,000-square-foot warehouses and one is currently used by a roofer. The leased warehouse can be used for immediate income as the tenant has expressed the desire to stay, but their flexible lease structure allows new owners to have them vacate easily.

One of the most important aspects of this property is that it recently obtained water rights through an expensive process, granting it one of the most prized designations a property can have in Colorado.

72399 US Highway 40 is located in one of the top tourism submarkets, Colorado Ski Area, which achieves the highest annual daily rate in Colorado and one of the highest nationally. This highlights the wealthy potential consumers tenants of 72399 US Highway 40 can serve. The property’s closest resorts, Winter Park and Mary Jane Territory, are 8 and 12 miles away. Tabernash sees a lot of traffic from tourists and hosts a lot of hospitality options like Devil’s Thumb Ranch Resort & Spa.

The Mary Jane Territory and Winter Park have plans for a 700-acre expansion, including a gondola upgrade that will extend its reach closer to Tabernash. Their popularity is boosted by their more convenient location than competing resorts, less than 1.5 hours from Downtown Denver. The area still has draws outside of ski season as nearby spots on Fraser River, Colorado River, and Lake Granby are renowned by fly fishing anglers, and the year-round residential population is rising.
 

72399 US Highway 40

Listing ID : 00801

SKU: 801

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Price History

DateEventPrice
December 11 2024Listed$6,800,000.00