198 Main StLimon, CO 80828

For Sale
$715,000

48-unit tiny home village, high potential.

Overview

Added:
Dec 11, 2024
Days on market:
91
This exceptional investment opportunity presents a 48-unit tiny home village situated on a 3.44-acre lot in Limon, Colorado. The property, located at 198 Main St, Limon, CO 80828, boasts a total of 38,400 square feet of net rentable space housed within a single, one-story building constructed in 2019 and renovated the same year. Currently vacant, this Class C multifamily property offers significant value-add potential. The property features 48 pads, with 16 currently built out and 32 requiring completion. Each unit is designed for efficient living, targeting a growing market for affordable and sustainable housing. The property is zoned for commercial use and benefits from its convenient location off I-70, an area with high traffic volume. The asking price is $715,000, translating to $14,895 per unit. While the current NOI and Cap Rate are 0%, the property's strategic location and high unit count present a compelling opportunity for significant future income generation. The property's APN is 258516301001.

Highlights

  • High-traffic I-70 exit location.
  • 48-unit tiny home village on 3.44 acres in Limon, CO.
  • 38,400 square feet of net rentable space in a single, one-story building.
  • Class C multifamily property, currently vacant, built in 2019.
  • $715,000 asking price ($14,895 per unit).
  • 16 units built, 32 requiring completion.

Property Details for 198 Main St

Property type
Multifamily properties, Residential income homes
Square Feet
2,860 SF
Class
C
Year Built/Renovated
2019/2019
Buildings
1
Stories
1
Lot Size (sq. ft)
149,846 SF
Units
48

Location Insight

City
Limon
County
Lincoln
State
Colorado
Latitude
39.264101768349
Longitude
-103.67260039145
198 Main St, Limon, Colorado

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198 Main St
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