Land sale is sign of change

8.25-acre site is set to be developed for commercial use

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Extreme northwest Elbert County will be seeing commercial development at the intersection of Delbert and Singing Hills Roads. This will be the first significant commercial development the area has seen for several decades.
 
Trevey Commercial Real Estate, the largest commercial real estate brokerage company in Elbert County and the surrounding areas, recently announced the sale of 8.25 acres located at 60 County Road 166. The property was sold by Anthony E. Breglio to CB Independence Holding Company for future development for commercial and retail businesses. Breglio was represented by Mitch Trevey. The parcel is meant to serve the immediate area and the newly developed Independence community.
 
As part of the development plan for the new Independence community, Delbert Road is planned to extend south from Singing Hills to Hilltop Road. This extension will bring vitality to this corner property and improve access and transportation connectivity for the northwest Elbert County area.
 
Though no plans are currently set as to what businesses will go into the space, Mitch Trevey of Trevey Commercial Real Estate gave his thoughts on what he thinks would work best for the land.
 
“The best thing for that space is going to be good quality gas convenience, kind of like a Maverick or QuikTrip model that has a decent store inside,” said Trevey in a phone interview from Jan. 10. “A decent sized grocery alternative would kick butt out there.”
 
Aside from a convenience store/gas station, the area will also see retail businesses. Trevey suspects that there will be a great variety. “It’s likely to see a free-standing veterinary clinic, a daycare, and multi-tenant retail with things like a hair salon or nails,” commented Trevey. “There may need to be more rooftops before the area will see fast food. That 8.25 acres is going to go pretty quick.”
 
When asked about future development in extreme northwest Elbert County, Trevey said that though it will take time, commercial development will come. “This first new development will stimulate additional commercial development in the area. Wild Pointe in Elizabeth took a while to develop with the Taco Bell, AutoZone, and Murphy Gas. It’s also going to take time up on the Singing Hills corridor as well,” said Trevey. “First there will need to be road improvement and more rooftops. It’s a really good intersection. It will eventually need full-blown traffic lighting.”
 
Trevey anticipates that the development will not begin for three to four years. “It’s not going to see commercial development without water and sewer,” said Trevey. “Ultimately it’s going to need lines that run back to Independence.”
 
For questions about the recent sale, Trevey Commercial can be contacted by phone at 303-841-1400 or by email at info@trevey.com.
Elbert County, development, land use, Colorado, Douglas County

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