Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search

    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

    Nearby Similar for Sale

    • $289,000

      Historic Downtown Commercial Opportunity

      Historic building in downtown Leadville, brimming with potential.
      200 E 6Th St, Leadville, CO 80461
      View Details
    • $2,275,000

      Leadville Townhome Units For Sale

      Seven townhome units in Leadville near downtown and recreational trail.
      921 Mount Massive Dr, Leadville, CO 80461
      View Details
    • $2,250,000

      Leadville Specialty Property For Sale

      Specialty property available for purchase in Leadville, Colorado.
      E Tennessee Rd, Leadville, CO 80461
      View Details
    • $995,000

      Leadville Specialty Property For Sale

      Specialty property available in Leadville, Colorado.
      428 W 6Th St, Leadville, CO 80461
      View Details
    • $625,000
      0.21 Acres

      Leadville Commercial Property: Prime Location

      Rare 3-lot commercial/residential building.
      121 4Th St, Leadville, CO 80461
      View Details
    • $1,150,000
      5,602 SF

      Leadville Retail Space: Prime Location

      High-traffic retail space, 5,602 sq ft.
      331 Us-24, Leadville, CO 80461
      View Details

    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.
    (719) 486-1930
    Request Owner's contact information
    616 Harrison Ave Leadville, CO 80461
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    616 Harrison Ave
    Leadville, CO 80461
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    616 Harrison Ave Leadville, CO 80461
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.