510 Center Dr presents a fantastic investment opportunity in the growing tourist town of Grand Lake. Featuring the West entrance to Rocky Mountain National Park, the picturesque town of Grand Lake has witnessed an increase in tourist traffic YOY. This lot is the single best, as well as the only, commercial lot available in Grand Lake, CO. This lot features .66 acres of flat, level, ground as well as 2 water taps (a $13,000 value) and 2 sewer taps (a $21,000 value) included in the sale! The Town of Grand Lake does have plans in place to extend the boardwalk beyond this property. Everyone who drives through Grand Lake will see this property from the road. Fun Park business is also available for sale for $1,300,000 (including the price of the land). The fun park can be used to accrue an income while other developmental plans are taking place!
Presented By: McCann Real Estate; 3038235466
Interior Features for 510 Center Dr
Other Interior Features
Air Conditioning Y/NNo
Fireplace Y/NNo
Heating Y/NNo
General for 510 Center Dr
Attached Garage No
Cap Rate5.08
CityGrand Lake
CountyGrand
DirectionsGPS will provide adequate directions to the property
ExclusionsTuff Shed, Tools in Workshop, Bicycle Repair Station, and Owner's personal property
Garage Y/NNo
Gross Income60000
HOANo
Land Lease Y/NNo
Living Area UnitsSquare Feet
Lot Size Square Feet28750
Lot Size UnitsSquare Feet
MLS AreaOut of Area
Net Operating Income55963
New ConstructionNo
Operating Expense4037
Possible UseMulti-Family, Development, Commercial, Commercial or Industrial
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