7350 Us Hwy 50, Lamar, CO 81052

Property Description

A unique commercial property with a history, a highly visible location, and endless possibilities! Formerly a well-known radio station serving Southeastern Colorado and beyond, this recognizable property is situated along Highway 50, just north of Lamar, on a curve that provides excellent visibility and approximately 1,700 feet of highway frontage. The property features the original radio station building, the HUGE existing radio tower, and an established billboard lease that provides current rental income. That's right — this property already has an income-producing component while you explore its future potential! On July 23, 2022, the property sustained significant storm damage when a powerful microburst tore approximately half of the building's roof away. The building has undergone asbestos remediation and removal, an important step toward its future restoration and redevelopment. While additional repairs and restoration will be needed, the building has good bones and offers an opportunity for someone with vision to bring this landmark property back to life. The property's prime highway location, extensive frontage, and flexible layout make it suitable for a variety of potential uses. Whether you're considering a commercial business, retail operation, office space, service business, storage facility, or another creative venture, this property offers a chance to create something special. Bring your ideas and explore the possibilities with this great investment!