Janine Bear - Coldwell Banker Distinctive Properties
2500 Village Drive
Steamboat Springs, CO 80487

$4,800,000

Description

The Village Center is a four unit, triple net retail property located on a 1.09 acre lot at the base are of the Steamboat Ski Area. This retail property is located at a busy intersection on the free bus route and is easily accessed by walking both from the base area and from lodging properties via the core trail. 48% of Steamboat's lodging units are located within walking distance (less than 300 yards) from the Steamboat Ski Area. Currently leased to both regional and local tenants with a CAP rate of 7%, the parcel is zoned G-1 and has fantastic development potential for a larger, multi-use building. Developers can take advantage of solid cash flow while in the planning stages. Recently acquired by Alterra Mountain Company, the Steamboat Ski Area and surrounding properties are poised to benefit from the marketing strength of a company that includes Aspen, Deer Valley, Mammoth Mountain and Squaw Valley, among others.

Details

MLS#8722063
StyleRetail
Sub-TypeResale
StatusActive
Days On Site114

Features

SQ Feet13,541
Story(s)1
ZoningCommercial

Market Activity 80487

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Area Information

StateCO
CountyRoutt
CitySteamboat Springs
Zip Code80487
AreaRoutt
Listing VS Median (in 80487)
Price:
$4,800,000
low | high
Med:
$625,000
100% of Average
SqFt:
13,541
low | high
Med:
0
100% of Average
$ / SqFt:
$354
low | high
Med:
$0
100% of Average
On Site:
114
low | high
Med:
41
100% of Average
Listing Updated: 09/21/2018
MLS Number: 8722063
Listing Provided By:
CHRIS PAOLI  of  COLORADO GROUP REALTY
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