29151 US HIGHWAY 287 LAMAR

29151 US HIGHWAY 287 LAMAR, Lamar, CO 81052

  • For Sale $999,500
  • Property Type Special Purpose
  • Property Size 196,020 SF
  • Cap Rate % 10
  • Year Built 1966
  • Year Renovated 2021
  • Date Updated Dec 12, 2023
  • Website www.sundance-highplains.com
  • 10% Current cap rate / 25% Pro Forma cap rate
  • Owner Financing Available
  • Turnkey, Stabilized, Updated Cash-Flowing RV Park and Cabins in Lamar CO available for sale (with room for expansion)
  • 9.7% Cap Rate
  • 22 RV Spots
  • 6 cabins each w/ a private bath, 5 doubles with 2 Queen beds, 1 single, 1 queen and 1 futon
  • One 2-room kitchenette suite
  • One stand alone "primitive" cabin (electric only), with 2 queen beds and one twin bed.
  • Owner's apartment occupies what used to be the "original" manager's apartment & motel office. 1BR/1BA with approximately 600 SF.
  • On-site clubhouse with kitchenette
  • Outdoor event center is equipped with a large covered area with picnic tables and a fire pit as well as 2 gas grills for outdoor cooking.
  • Coin-operated laundromat
  • Communal bathrooms and showers for men and women located on the grounds.
  • Approximately 4.5 Acres
  • 2022 Property taxes: $4,944.58
  • Roughly 211 Miles from Denver
  • Roughly 185 Miles from Colorado Springs
  • Property Website: https://www.sundance-highplains.com/
  • Showing Instructions: Call Broker

  • Owner Financing Proposed Terms:

     

    • Down Payment: 35%
    • Loan term: 2 years
    • Amortization period: 25 years, fully amortizing loan
    • Interest rate: 6% first year, 8% second year

Want more info on this listing?

Reach out to the broker for more info on lease terms and amenities

Attachments

Contacts

broker

David Fingerhut

Colorado Real Estate Brokers, Inc.

(619) 807-5860

broker

Stuart Dobson

(303) 919-0309

Location

Getting Around

  • Walk Score ®

    7/100 Car-Dependent

  • Bike Score ®

    30/100 Somewhat Bikeable
Powered by Walk Score ®
  • City Lamar, CO
  • Neighborhood Lamar
  • Zip Code 81052

Points of Interest

  • Lamar

    1.97 miles

  • Loaf 'N Jug

    2.16 miles

  • Conoco

    2.36 miles

  • Love's

    2.38 miles

  • Pilot

    2.45 miles

  • Valero

    2.57 miles

  • Conoco

    2.71 miles

  • Conoco

    8.81 miles

  • The Buzzards Nest

    2.03 miles

  • Holiday Motel

    2.24 miles

  • Quality Inn

    2.72 miles

  • Lamar Inn

    2.75 miles

  • Holiday Inn Express & Suites

    2.78 miles

  • Days Inn

    2.81 miles

  • Holiday Inn - Cow Palace

    2.89 miles

  • Taco John's

    0.77 miles

  • Bj's Burger and Beverage

    0.93 miles

  • Las Brisas Restaurant

    1.77 miles

  • Quiznos

    1.88 miles

  • Daylight Donuts

    1.90 miles

  • Thai Spicy Basil

    1.99 miles

  • Pizza Hut

    2.41 miles

  • Dunkin'

    2.47 miles

  • Burger King

    2.51 miles

  • Subway

    2.57 miles

  • Lamar Community College

    0.43 miles

  • Lamar High School

    0.86 miles

  • Lamar Middle School

    1.52 miles

  • Alta Vista School

    4.77 miles

  • Dry Creek School

    5.50 miles

  • Paradox School

    6.69 miles

  • Clover Meadow School

    8.16 miles

  • West Riverview School

    8.22 miles

  • Roosevelt School

    8.54 miles

  • Wiley Junior/Senior High School

    8.64 miles

Frequently Asked Questions

What is the lease rate for 29151 US HIGHWAY 287 LAMAR?

Rental asking rate at 29151 US HIGHWAY 287 LAMAR is $499,750.00/YR.

What is the total square footage of 29151 US HIGHWAY 287 LAMAR?

29151 US HIGHWAY 287 LAMAR totals 5 square feet.

When was this property built?

29151 US HIGHWAY 287 LAMAR was built in 1966.

Looking for more in-depth information on this property?

Looking for more in-depth information on this property? Find property characteristics, ownership, tenant details, local market insights and more. Unlock data on CommercialEdge.

Contact Listing Broker

broker

David Fingerhut

Colorado Real Estate Brokers, Inc.

(619) 807-5860