TBD 2nd Street & Beacon Lite Rd

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TBD 2nd Street & Beacon Lite Rd

Monument, CO 80132
Asking Price
$5.50M
Asset Type
Commercial Land
Class
Class B

What's Special

MU | Hotel By Right | No Competing Supply | Trail Adjacent | Monument 2040 Gateway Opportunity Site <ul><li>​Hotel permitted by right | no CUP required | <a href="https://www.townofmonument.org/460/Land-Development-Code" target="_blank" style="color: rgba(17, 85, 204, 1)">Sec. 18.03.380</a></li><li>​Clinic, urgent care, childcare, retail, and restaurant uses permitted by right</li><li>​Multifamily residential conditional use | CUP required | typically 3 to 6 months</li><li>​No CDOT access permit | Town of Monument jurisdiction only</li><li>​17.79 AC total | ~726 LF Beacon Lite Rd | 1100 LF 2nd

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NOI
$80,000
Cap Rate
1.45%
DSCR
0.24
Underwater
Cash-on-Cash
-14.94%
Monthly Payment
$27,210.999
Annual Cash Flow
$-246,531.989

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