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616 Harrison Ave Leadville, CO 80461

For Sale
$975,000

Historic Commercial Property, High Returns

Description

Added:
Feb 3, 2025
Days on Market:
313
This remarkable Leadville investment opportunity presents the chance to acquire the iconic Manhattan Building, situated at 616 Harrison Avenue Unit 4. This historic property boasts a vibrant mix of commercial and residential space, currently generating strong rental income. The ground floor features the well-established Manhattan Bar, a spacious and bright retail area, perfectly positioned to capitalize on Leadville's thriving tourism and local economy. Upstairs, four apartments provide additional revenue streams and potential for future upgrades or repositioning. The building sits on a 0.06-acre lot and offers significant upside potential for increased profitability. The property's historic designation opens doors to potential historic tax credits and improvement grants, further enhancing its investment appeal. This unique offering combines the charm of a historic landmark with the promise of substantial financial returns. The building's distinctive neon sign adds to its character and visibility, making it a recognizable landmark in the rapidly growing mountain town of Leadville. This is a rare chance to own a piece of Leadville's history and secure a strong, diversified income stream in a desirable Colorado location. The current fully rented status ensures immediate cash flow, while the numerous possibilities for improvement and expansion offer significant long-term growth potential. Don't miss this exceptional investment opportunity. The asking price is $975,000.

Property Features for 616 Harrison Ave

General Information

Property type
Other commercial real estate
Lot Size
2,614 SF

Building Details

Year Built
1888

Property Profile Insight Report Location Intelligence

Current Use by Public Records

Leadville Exchange Consignment Shop

Suggested Use

Law Firm Realty agency Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

Zoning and permitted uses should be independently verified with local authorities.

Location Insight

  • Map
  • Local Demand
City
Leadville
County
Lake
State
Colorado
Longitude
-106.2918
Latitude
39.24954

FAQs

What type of property is this?
Commercial real estate - Historic Commercial Property, High Returns
Where is this commercial real estate located?
The property is located at 616 Harrison Ave Leadville, CO.
What is the asking price?
The asking price for this property is $975,000.
More about this property
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