Riverfront Development Land

Prime Riverfront Development Opportunity in growing Salida, Colorado

3.71 acres on the Arkansas River,
walking distance to historic downtown with 330 feet of river front. Currently
used as mobile home park and could be redeveloped with +/- 28 – 65
residential/work/live units. City comprehensive plan calls for high density
residential at this site. Topographic survey is completed along with six
development schemes by national new-urbanism land planner. Trailer park grosses
~$124,000 p/y; two houses, 30 trailer/space rentals. This is one of the last large parcels on the
famous Arkansas River in a growing
Colorado mountain town.

Total land square footage to increase to ~164,819 sf after City
land swap, see broker for details.

The secret is out… Salida is located in the center of Colorado surrounded by 14,000 ft mountains and is a hot-bed of mountain biking, skiing,
fly-fishing, kayaking/rafting, hot springs, arts/culture and numerous other recreational
opportunities. Two hours from Denver and Colorado Springs, Salida was recently featured in US News as
top ten retirement community in nation. Salida has also been featured in
Outside Magazine as top 10 best place to live, work and play. Other notable
mentions are Esquire, Men’ s Journal, Home and Garden Network, 50 best Art Towns in US, CO Real Estate Journal, and repeatedly in Denver Post/Rocky Mountain
News. Average home prices in Salida are ~$250,000 which is ~65% lower than other similar
towns in Colorado;
there is significant room for value growth. Salida’s downtown historic district
has enjoyed a rebirth of development over the past few years and has become
home to a large and still growing artist community. A new $36M hospital was
recently completed.

For details on this and many other investment opportunities, contact:

Thomas G. Morgan
CM Commercial
866-539-1777