FORT LUPTON, CO – [September 30, 2020] – Blue West Capital has completed the sale of a 2.34-acre redevelopment property located at 641 14th Street in Fort Lupton, CO for $2,800,000. Brandon Gayeski represented both the purchaser and seller in the transaction. The purchaser was a national developer, and the seller was the operator of the gas and convenience store.
The property is currently a free-standing Shell gas station. The seller operated the gas and convenience store business for over 35 years. The seller discontinued operations and vacated at closing. The property is strategically positioned at the heavily trafficked signalized intersection of U.S. 85 and County Road 14 ½. U.S. 85 is the area’s primary north south throughfare, connecting Denver to Northern Colorado.
Well-located properties at signalized intersections or along major thoroughfares are highly sought after amongst developers. Despite COVID, many sites are generating record-breaking prices, providing opportunity for property owners to realize significant appreciation.
“We received numerous offers and were able to negotiate a deal with a repeat buyer shortly after beginning our marketing process. Many property owners are taking advantage of the current market conditions and selling generational assets to the development community,” said Brandon Gayeski.