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72399 US Highway 40

20,400 SF Flex Building Tabernash, CO 80478 $9,813,760 CAD ($481.07 CAD/SF)

Virtual Tour

INVESTMENT HIGHLIGHTS

  • 72399 US Highway 40 is a mixed-use property available for multiple tenants and multiple uses like retail, light industrial, and food and beverage.
  • 14,400-SF main building faces Highway 40 with quality wood and stone construction, a commercial kitchen, a retail showroom area, and office space.
  • 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.
  • 6,000-SF back warehouse currently occupied by a roofer with low bay door access and an adjacent open-air warehouse for outdoor storage.
  • 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 a 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.

PROPERTY FACTS

Price $9,813,760 CAD
Price Per SF $481.07 CAD
Sale Type Investment
Sale Conditions
Build to Suit
  • Lease Option
  • Redevelopment Project
Property Type Flex
Property Subtype
Showroom
  • General Retail Storefront Retail/Office
  • Showroom
  • OfficeLoft Creative Space
Building Class C
Lot Size 11.00 AC
Rentable Building Area 20,400 SF
No. Stories 2
Year Built 1990
Parking Ratio 2.21/1,000 SF

DEMOGRAPHICS

REGIONAL ACCESSIBILITY

50 Miles 50 Mi. 100 Miles 100 Mi. 500 Miles 500 Mi.
CITY
POPULATION
MILES
DRIVE TIME
Denver
716,492
76
1 h 51 m
Aurora
374,114
95
2 h 10 m
Colorado Springs
472,688
138
2 h 59 m
Albuquerque
560,218
430
9 h 22 m
Lincoln
287,401
557
9 h 54 m
Wichita
389,255
592
10 h 30 m
ACCESS AND LABOR FORCE
10 MILES
Total Population
9,525
Total Labor Force
6,640
Unemployment Rate
2.82%
Median Household Income
$70,033
Warehouse Employees
492
High School Education Or Higher
96.40%
$ values in USD

ZONING

Zoning Code Tourist/Business (Tourist/Business)
Tourist/Business (Tourist/Business)
  • Listing ID: 31976816

  • Date on Market: 2024-05-31

  • Last Updated:

  • Address: 72399 US Highway 40, Tabernash, CO 80478

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