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Commercial
parcel on the southeast corner of new hospital stoplight
on US Hwy 160 E. Fantastic location for many high traffic
businesses! This is a great 1031 investment or immediate
use property. Ideal for a bank, pharmacy, convenience
store, dine-in or fast food restaurant.
Best
stoplight location in southwest Colorado!
South
side of highway will get much more business due to the
highway configuration and traffic flow in the Grandview
area. It is much safer and easier for after work commuters
going east on their way home to access the south side
because they will not have to hazard using the suicide
lane. People do not have time to stop on their way to
work when the majority of the traffic is moving west.
Of course, the stop light also provides much more safety
and ease of access.
Intersection
to new medical campus and 3 Springs development done.
Hospital done in Summer 2006 and 3 Springs getting started.
Will be mucho more traffic soon! This property will
become one of the premier intersections in the 4 Corners
area.
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CDOT
and Bechtolt Oct. 2003 state:
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Est.
Traffic Counts
|
| 2020
Background traffic (without hospital & 3 Springs) |
*
37,700 ADT
|
| Hospital
affiliated traffic |
10,677
ADT
|
| Additional
904 dwelling units will add |
6,795 ADT
|
| Additional
76 live/work devel. will add |
837
ADT
|
| Additional
25 live/retail devel. will add |
1,073
ADT
|
| Additional
fire station + 2 schools will add |
715
ADT
|
| Year
2020 total est. avg. daily trips at stoplight |
57,797
ADT
|
| *
ADT = Average Daily Trips |
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Average
Daily Trip (ADT) & Value Chart:
Comp
Sales: location
|
Est.
2005 ADT: |
Price/Sq.
Ft.: |
Date: |
6th
& Camino
Mid-block
|
30,000
ADT |
$41/SF |
3/2000 |
Hwy
550 Wal-Mart
Pad off hwy by store
|
25,000
ADT |
$20/SF |
6/2001 |
17th
& Main
Stoplight corner
|
35,000
ADT |
$41/SF |
4/2004 |
Hwy
550 Home Depot
Stoplight corner
|
22,000
ADT |
$19/SF |
8/2005 |
20026
Hwy 160 E
West jug handle lot
Grandview Stoplight corner
|
15,000
est. ADT
25,000 est. "
summer 2006 |
$29/SF |
8/2005 |
27th
& Main
Stoplight corner
|
25,000
est. ADT |
$66/SF |
11/2005 |
Subject
Property
East jug handle lot
Grandview Stoplight Corner |
15,000
est. ADT
25,000 est. "
summer 2006
|
Asking
$24.87/SF |
02/2006 |
West
jug handle lot sold in August 2005 for $1,367,861.00
to The First National Bank.
East
Lot is superior because:
- Better
visibility
- Better
views from property
- No
easement through middle of property
- No
stream to relocate
The
lot presently features:
- Wet
city water on site, ready for hook up. Tap fee not
paid. Commercial water tap fees: $4,870.00 for 3/4”
(couple of bathrooms, small employee kitchen) or
maybe $8,140.00 for 1” (large facility with
several bathrooms).
- South
Durango Sanitation sewer main along Hwy 160 in front
of property. 2 residential taps paid and in current
good standing. This might save up to $16,000 in
securing a commercial tap.
- Natural
gas and phone lines just inside property along north
property line.
Call
Greg for traffic counts, comparable sales
and other information at 970-799-1700.
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