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139 W Highway 50 - Salida Mobile Home Park 1.17 Acres of Residential Land Offered at $1,370,613 CAD in Salida, CO 81201
Investment Highlights
- In-place Income
- Covered Land Play
- Redevelopment Potential for Mixed-Use and/or Workforce Housing
- Seller Financing Available
Executive Summary
Sherpa Commercial Real Estate is pleased to present 139 W Hwy 50 Salida, CO 81201, a premier redevelopment opportunity situated in the heart of Salida’s primary commercial artery. This property offers a rare combination of immediate cash flow and high-density development potential. As Salida continues to evolve from a hidden mountain gem into a premier year-round destination, the demand for diversified housing and modernized commercial space has reached an all-time high. This site is perfectly positioned to capture that momentum.The existing site layout allows the property to remain operational during entitlement, planning, and early-stage redevelopment efforts.
With a critical shortage of attainable housing in Chaffee County, the site’s proximity to downtown and transit makes it a prime location for high-density multi-family or "missing middle" housing. The Highway 50 frontage also provides high visibility for commercial/retail on the ground floor, with premium residential units above.
The property is fully leased and has historically maintained strong occupancy through word-of-mouth leasing within the local community, underscoring sustained housing demand in the Salida market. Importantly, the existing improvements generate in-place income without introducing structural or layout constraints that would materially limit future redevelopment of the site.
Please contact the listing broker for information on the existing in-place income and development potential.
With a critical shortage of attainable housing in Chaffee County, the site’s proximity to downtown and transit makes it a prime location for high-density multi-family or "missing middle" housing. The Highway 50 frontage also provides high visibility for commercial/retail on the ground floor, with premium residential units above.
The property is fully leased and has historically maintained strong occupancy through word-of-mouth leasing within the local community, underscoring sustained housing demand in the Salida market. Importantly, the existing improvements generate in-place income without introducing structural or layout constraints that would materially limit future redevelopment of the site.
Please contact the listing broker for information on the existing in-place income and development potential.
Financial Summary (Actual - 2025) |
Annual (CAD) | Annual Per AC (CAD) |
|---|---|---|
| Gross Rental Income |
$176,500
|
$150,855.09
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$176,500
|
$150,855.09
|
| Taxes |
$3,898
|
$3,331.90
|
| Operating Expenses |
$55,257
|
$47,228.24
|
| Total Expenses |
$59,155
|
$50,560.14
|
| Net Operating Income |
$117,345
|
$100,294.96
|
Financial Summary (Actual - 2025)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $176,500 |
| Annual Per AC | $150,855.09 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per AC | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per AC | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $176,500 |
| Annual Per AC | $150,855.09 |
| Taxes (CAD) | |
|---|---|
| Annual | $3,898 |
| Annual Per AC | $3,331.90 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $55,257 |
| Annual Per AC | $47,228.24 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $59,155 |
| Annual Per AC | $50,560.14 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $117,345 |
| Annual Per AC | $100,294.96 |
Property Facts
| Price | $1,370,613 CAD | Property Type | Land |
| Sale Type | Investment | Property Subtype | Residential |
| Sale Condition | Redevelopment Project | Proposed Use | Manufactured Homes or Mobile Home Park |
| No. Lots | 1 | Total Lot Size | 1.17 AC |
| Zoning | Commercial | ||
| Price | $1,370,613 CAD |
| Sale Type | Investment |
| Sale Condition | Redevelopment Project |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Residential |
| Proposed Use | Manufactured Homes or Mobile Home Park |
| Total Lot Size | 1.17 AC |
| Zoning | Commercial |
1 Lot Available
Lot
| Price | $1,370,613 CAD | Lot Size | 1.17 AC |
| Price Per AC | $1,171,463.72 CAD |
| Price | $1,370,613 CAD |
| Price Per AC | $1,171,463.72 CAD |
| Lot Size | 1.17 AC |
The property consists of approximately 1.17 acres improved with one single-family residence and nine mobile home units, providing immediate rental income while preserving flexibility for future redevelopment. All units are on City water and sewer.
Description
Sherpa Commercial Real Estate is pleased to present 139 W Hwy 50 Salida, CO 81201, a premier redevelopment opportunity situated in the heart of Salida’s primary commercial artery. This property offers a rare combination of immediate cash flow and high-density development potential. As Salida continues to evolve from a hidden mountain gem into a premier year-round destination, the demand for diversified housing and modernized commercial space has reached an all-time high. This site is perfectly positioned to capture that momentum.
Somewhat walkable
30/100
Exceptionally drivable
100/100
Fairly bikeable
40/100
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139 W Highway 50 - Salida Mobile Home Park
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