Investment Overview

Register to Bid and Access Due Diligence Documents on RealINSIGHT Marketplace - https://rimarketplace.com/auction/2172/ Marcus & Millichap and RI Marketplace are pleased to present a vacant, free-standing, retail building located at 600 E Main Street in Rangely, Rio Blanco County, CO (the “Property”). Formerly occupied by Family Dollar, the Property is offered significantly below replacement cost and offers an exceptional owner/user or investment opportunity with significant value enhancement potential at a significant discount. FIRST BID MEETS RESERVE! Built in 2010, the Property is improved with a one-story, free-standing, single tenant, retail building totaling ±8,112 square feet, and offers 22 parking spaces and 2 ADA parking spaces. The Property is strategically positioned on ±0.54 acres (±23,361 SF) of land and can be accessed via one ingress/egress curb cut. The Property was formerly occupied by Family Dollar on a NN-lease and offers potential owner users/investors the ability to acquire a free-standing building with significant value add through lease up at long term market rates (CoStar estimated rents of $14-17/NNN Retail). Zoned “TCC” Town Center Commercial, this zoning offers favorable flexible zoning allowing for a variety of retail uses via adaptive reuse or repositioning. Rangely, a charming small town about 300 miles west of Fort Collins, provides a peaceful and community-oriented atmosphere. Located between Denver and Salt Lake City in Rio Blanco County, Rangely serves as a hub for the surrounding rural areas, offering essential amenities such as local schools, healthcare facilities, and essential services. The Property enjoys 173’ ft of prominent frontage along E Main Street, with significant traffic exposure (±5,370 VPD), and easy access along U.S. Highway 64 (±3,900 VPD), which connects Rangely to neighboring towns and larger regional centers. This strategic location near the intersection of Steel Street enhances the Property’s accessibility and attractiveness for retail or commercial uses, making it a prime opportunity for businesses looking to capitalize on high visibility and convenient access. This former Family Dollar is conveniently located near local economic demand drivers including: Rangely District Hospital (±1.5 miles away); Rangely High School (±0.8 miles away); and Rangely Recreation Center (±1.2 miles away). The nearby educational institutions, including Rangely High School (±200 students) and Rangely Junior High (±150 students), and Colorado Northwestern Community College (CNCC) with nearly 1k students further enhance the Property’s appeal by driving local traffic and providing a steady customer base. Recreational drivers such as Kenney Reservoir (±20-mi SE) and Dinosaur National Monument (±30-mi) drive tourism.