Exceptional Development Opportunity
with Possible Owner Financing
What Are You Waiting For?
This prime Colorado real estate investment is ready for your next development project. Commercial zoning, plat map, survey, and EPA studies are all done. Now ready for your pre-construction planning and municiple entitlements. The city is motivated to develop this area and may have incentives to offer.
Offered for sale or long term lease, this high-value commercial property is located on a main thoroughfare in Trinidad, Colorado. This property features excellent hilltop topography and is situated on a corner lot near Interstate-25, between Exits 11 & 13. The historic Santa Fe Trail spans between Trinidad's Main Street and the Fisher's Peak State Park entrance, making it's location prime. This stretch of road is soon to feature the new city-planned bike and walking path, connecting the state park to Main Street - insuring this to be an income-producing property. Take in clear views of the Sangre de Cristo mountain range, Spanish Peaks, and Fisher's Peak State Park at...
Potential Uses
This prime property offers a variety of incredible development potential. Whether for a high-traffic restaurant with a drive-through, LEED certified hybrid work office, charming boutique hotel, multi-family residence, experiential retail space, or dynamic mixed-use development. It's flexible design could accommodate multiple tenants.
Potential Use Case #1
Who: Paper company looking to rightsize and lean into neutralizing its carbon footprint.
Why: Colorado is home to a large eco-conscious community, where companies looking to go green can comfortably call home while accommodating their existing employees and clients. The property's former use as a gas station (now with proven clean soil) creates a poetic foundation for a green, carbon-neutral office space.
How: Build out and expand upon pre-existing structures to accomodate the company's office space.
Potential Use Case #2
Who: Southwestern financial institution or credit union looking to expand into new market. Ideal for institutions already established in Texas, New Mexico, Arizona, Nevada, and California.
Why: Trinidad is the gateway to Colorado. Expansion from the south through this area makes sense.
How: Start fresh with a brand-new, impressive office space that maintains the brand standards your customers know and expect, in an equally impressive, quintessential Colorado backdrop.
Potential Use Case #3
Who: Real Estate developer looking to develop growing area
Why: Trinidad has seen a large increase in population, and the demand for single-family and multi-family homes has increased in tandem.
How: Start fresh to redefine the property into ideally parceled lots.
This is just the beginning...
- Walt Disney
"If you can dream it, you can do it."
Details
Area Price: $8.75/sqft
Market Price: $1.2M
Developed Land Value: $2.68M+ (projected)
Zoning Code: Community Commercial
Buildable Area: 85%
Combined Lots: 3.15 acres useable space (137,214 sqft). Includes two separate, conjoining lots.
Existing Developments: Two identical steel buildings, 26ft x 40ft or 1040 sqft, include two bathrooms with ADA requirements, exterior LED lighting, and infrared heat & spray foam insulation. Each building has two 9ft x 10ft roll-up doors. The north building includes a metal canopy - 20ft x 60ft, with a
13ft clearance.
Utilities: Municiple - Gas, Electric, Water, & Sewer. Fiber network.
Electric: Fresh 400 amp underground feed.
Environmental: Phase I & II inspections completed December 2023 with a strong history of clean soil. No above/below ground tanks.
Property includes fresh plat map &
survey pins.
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Financing
Offered for quick sale or long term lease with purchase option. Possible seller financing, up to 20 years - variable or fixed interest rate with a minimum 30% down payment.
Off Market Discovery Fee: 5%, six months maximum, non-refundable. Credit back at closing. Earnest money: N/A
Beginnings: Letter of Intent or Standard Commercial Real Estate Contract.
Note: The offering includes both properties as described above. The owner would consider a separate sale of 2000 Santa Fe Trail. The owner is not interested in selling 1986 Santa Fe Trail separately. Owner financing is subject to combined sale only.
Property Tax - 2000 Santa Fe Trail: Las Animas County Parcel Number 12110000 - April 2023 - $323.76
Property Tax - 1986 Santa Fe Trail: Las Animas County Parcel Number 12425000 - April 2023 - $17.56
Location
Trinidad is the county seat of Las Animas County, Colorado. This dynamic community, with its population of 8,175 , hosts two state parks, including the sprawling Fisher's Peak State Park, various points of interest, two thriving museums, an active trout stream, panoramic views of the Sangre de Cristo mountain range, Spanish Peaks mountains, and stretches of the historic Santa Fe Trail. Trinidad boasts all of this at less than one mile off the interstate. The city is equidistant between Albuquerque, New Mexico, and Denver, Colorado. It is on the direct pathway connecting many southern cities (Austin, Dallas, Houston, New Orleans, Phoenix, etc.) to all of Colorado. Downtown Trinidad maintains a high occupancy rate of commercial space, with local shops and restaurants quite adept at serving locals and a thriving year-round tourist population.
* (source: datausa.io, May 2024)
*
Interactive Map
Site
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2000 Santa Fe Trail is a corner lot situated on Santa Fe Trail and Saddle Road less than a mile from Interstate-25, between Exits 11 & 13. 1986 Santa Fe Trail is a conjoining property situated north of the corner lot known as 2000 Santa Fe Trail. While the entirety of the historic Santa Fe Trail spans almost 870 miles, the stretch that is located in Trinidad, Colorado connects Trinidad's Main Street to the Fisher's Peak State Park entrance, creating an absolute prime site for traffic visitation originating from in and out of the local area (12,000 average automobile daily traffic [AADT], 4.3 million average annual automobile traffic [AAAT]* on I-25).
* (source: coloradodot.info, 2023)
Market Comparables
Subject #1
Address: 3019 Toupal Drive,
Trinidad, CO
Zoning: Community Commercial
Ask: $11.25/sqft
Lot Size: 6 acres
Tangibles: The property includes an abandoned 15,200 sqft building.
Listed by: Hoff & Leigh Realty
Sold: 10/2024
Subject #2
Address: 1104 Constitution Drive, Trinidad, CO
Zoning: Light Industrial
Ask: $8.23/sqft
Lot Size: 3.9 acres
Tangibles: Includes building
Listed by: Ashland Properties
Sold: N/A
Subject #3
Address: 1009 Santa Fe Trail, Trinidad, CO
Zoning: MDH (Medium Density Housing)
Ask: $4.61/sqft
Lot Size: 1.62 acres
Tangibles: N/A
Listed by: Bachman & Associates
Sold: N/A