UPDATED:
02/07/2025 07:03 PM
Key Details
Property Type Commercial
Sub Type Industrial
Listing Status Active
Purchase Type For Sale
MLS Listing ID 5771765
HOA Y/N No
Originating Board recolorado
Year Built 1967
Annual Tax Amount $5,203
Tax Year 2023
Lot Size 5.300 Acres
Acres 5.3
Property Sub-Type Industrial
Property Description
HISTORY OF PLANT: This property is located in eastern Colorado in the Arkansas River Valley and was originally used as an onion processing plant. In 2005, Colorado Blue Ribbon Foods purchased the plant and had the plant approved as a USDA/FDA food preparation and meat processing plant. Blue Ribbon Foods was a large ready-to-eat (RTE) facility - the food produced could be consumed without further cooking. A USDA inspector was present at the plant on a daily basis to ensure that the products met stringent USDA standards. During 2017-2019/2020 the plant was leased to one of the largest U.S. hemp oil processors. The hemp oil was processed for animal and human food supplements. Recently, the plant has been cleaned out and all of the old ammonia refrigeration equipment has been removed. **** TODAY: The property will require a bit of repair/restoration to get it up and running. Due to it's location in a Designated Rural Enterprise Zone there are a plethora of tax credits available; one of which is for vacant building restoration: Enterprise Zone Vacant Commercial Building Rehabilitation State Tax Credit: 25% of rehabilitation costs (up to $50,000 in credits on $200,000 or more in costs). See Supplements for more details or visit the Otero County website. Showings can be scheduled with 48 hour advanced notice. ZONING: I-1 - Manufacturing, Light Industrial. The plant was annexed into the City Limits allowing for medical marijuana growing & manufacturing (edibles, oils, etc.) with City/County permit/licensing.
Location
State CO
County Otero
Zoning I-1
Interior
Fireplace N
Exterior
Parking Features Driveway-Dirt, Exterior Access Door
Utilities Available Electricity Available, Natural Gas Available, Phone Available
Roof Type Composition,Membrane
Garage No
Building
Sewer Community Sewer
Water Public, Well
Structure Type Concrete,Metal Siding,Steel
Others
Acceptable Financing Cash, Conventional, Owner Will Carry
Listing Terms Cash, Conventional, Owner Will Carry
6455 S. Yosemite St., Suite 500 Greenwood Village, CO 80111 USA
Get More Information
Rabecca Ranaldi
Broker Associate | License ID: FA 100080855
Broker Associate License ID: FA 100080855