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44,000 sf Vacant Industrial Space with Metal Halide Lighting on Five Acres on Intrastate and Rail With Dedicated Spur

20094 U.S. 50, Rocky Ford, CO, USA
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  • Cannabis Businesses For Sale | Cannabis & Hemp Industry Joint Venture & Partnership Opportunities
  • Cannabis Businesses For Sale | Cannabis & Hemp Industry Joint Venture & Partnership Opportunities
  • Cannabis Businesses For Sale | Cannabis & Hemp Industry Joint Venture & Partnership Opportunities
  • Cannabis Businesses For Sale | Cannabis & Hemp Industry Joint Venture & Partnership Opportunities
  • Cannabis Businesses For Sale | Cannabis & Hemp Industry Joint Venture & Partnership Opportunities
  • Cannabis Businesses For Sale | Cannabis & Hemp Industry Joint Venture & Partnership Opportunities
  • Cannabis Businesses For Sale | Cannabis & Hemp Industry Joint Venture & Partnership Opportunities
  • Cannabis Businesses For Sale | Cannabis & Hemp Industry Joint Venture & Partnership Opportunities
  • Cannabis Businesses For Sale | Cannabis & Hemp Industry Joint Venture & Partnership Opportunities
  • Cannabis Businesses For Sale | Cannabis & Hemp Industry Joint Venture & Partnership Opportunities
  • Cannabis Businesses For Sale | Cannabis & Hemp Industry Joint Venture & Partnership Opportunities
  • Cannabis Businesses For Sale | Cannabis & Hemp Industry Joint Venture & Partnership Opportunities

Listing ID : 680219

Posted on February 25, 2024 View Count 16

Price For Sale:
$930,000
Size:
44,649 Sq. Ft.
Lot Size:
5 Acres
Power:
1,500 AMPS
Utilities:
Electricity, City Water, Sewer, Garbage, Natural Gas
Facility & Tenant Improvements:
1,500 kVa 480/240 three phase Metal halide lighting City water City Sewer
Terms of Sale:
Cash, Financing , Owner Financing, Joint Venture
NDA Required:
No
Growth and Expansion Opportunities:
Minimal lot coverage leaves room to expand. Located on interstate and BNSF rail line
Reason for Selling:
Retirement
Support & Training Offered:
Not applicable
Company Name:
Axiom Real Estate Services, LLC
Phone:
719-453-8690
Email:
axiomrealteam@protonmail.com
Description :

Axiom Real Estate Services presents its equitable interest in 20094 US Hwy 50 in Rocky Ford CO for sale starting at $930,000. 

One Plant. Many Exciting Possibilities.

Zoned Industrial, this asset has an approximately 37,000 sf manufacturing facility and a detached approximately 8,000 sf drying and/or storage facility, 44,000 sf of opportunity with five truck loading docks. Located on approximately 5 acres of land bordering US Hwy 50, it has a 1,500 kVa transformer already onboard. Perhaps the largest in town, it easily provides 480/240 three phase power throughout. It is on the city water and sewer.

Originally an onion processing plant, this Rocky Ford landmark is strategically located on US Hwy 50, a major interstate truck route connecting the I-70 corridor through southeastern to northwestern Colorado, and even the country.

It then became a food manufacturing plant with multiple refrigerated production rooms and abundant cold storage rooms, one of them being the largest in the state in its day.

Thanks in part to its abundant water and power sources, it then became one of the largest hemp manufacturers in the country.

From onions, to meat, to hemp, this facility handles it all, and it’s time for a new vision. That’s why we’re here. But what does the future of a 44,000 sq. ft. facility along an interstate highway bring?  Here’s what we know. You are here. Wondering the same thing.

We know it offers abundant cold storage. Its main freezer room has 180,000 cu ft. of it, with insulated and vented floors. There’s a second freezer, another cooler room, and multiple refrigerated production rooms.
Abundant energy and resources are critical in manufacturing. This asset is ready with plenty of power and which, combined with abundant water sources, allows for flexible use.
It has a detached, massive drying, expansion and storage facility built with solid, concrete walls and a concrete roof. With overhead doors at both ends, it features vented floors with massive blowers underneath for air drying botanicals.
Ample staging area for shipping to and from its five existing loading docks which, looking out over an approximately 5-acre parcel, provides ample space for shipping traffic, multiple parking lot areas, and even building to suit.
Perhaps the most exciting possibility? It’s the only rail spur in Otero County, right on US HWY 50. So now, with the continent at your disposal, this opportunity of a lifetime might become:

·  The closest BNSF serviced point from Mexico to southeastern Colorado and through southwestern Kansas along I-70

·  Perhaps the only cold storage facility on the BNSF line along that route, or even meat processing.

·  Incidentally, Mexico just surpassed China in U.S. international trade. https://bit.ly/4bMZUoD

With abundant indoor metal halide lighting which, according to the experts at Happyhydro.com are perfectly suited for indoor cannabis cultivation, and the massive drying facility already onsite, that opportunity might be in vertical/indoor farming, with plenty of room to expand. Or perhaps a distribution, warehousing/storage operation if not.

The CHIPS Act’s $53 billion in federal funding is working to bring semiconductor manufacturing home, why not to Otero County?

One of many, another is the Department of Energy’s grant opportunity of up to $10 mm to create regional resource hubs for purpose-grown energy crops.

It’s prime location on the region’s major intrastate with the only rail spur, the industrial-grade electrical capacity and natural resources, metal halide lighting, lots of finished space with room for expansion, and more, this diamond in the rough truly has no comparison.

Here’s what we mean. None on the rail, on a price per sq ft basis, the only sold comparable, which has about a third of the land space, puts the subject property’s value somewhere around $1.2 million. However, the average price per square foot for active listings is at about $63 per sq ft, which means you might be lucky to find one for sale this size at $2.8mm after repairs.

Not to mention, a 13-year-old appraisal valuated it at $1.4mm in 2011 which, at a modest 6% appreciation rate may result in a $2.9mm valuation in August 2024. Coinciding with the suggested $2.8mm value without factoring for its many amenities, this might be on the conservative end, as it’s estimated industrial properties increased 9% nationwide from April 2020 through April 2021.

The opportunity of a lifetime must be grasped with the lifetime of that opportunity.

So, what will it be? The newest cold storage or meat distributor? Manufacturer? Vertical Farm? Distribution warehouse? What about a youth sports complex, a shopping/e-commerce, or a self-storage?

With an Assignable Purchase Contract offered for sale starting at $930,000, we’d love to know. And help! A qualified end-buyer will have a $100,000 earnest money deposit paid to the title company and provide proof of funds or lender letter. We’ve baked a long timeline in to provide for proper, thorough due diligence and have the flexibility to offer immediate occupancy as needed. The contract holder is a Colorado licensed real estate broker operating in their own interest.

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