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    348 Lake Dillon Dr Dillon, CO 80435

    Sponsored
    For Sale
    $2,500,000

    Prime Dillon, CO development opportunity

    Property size:
    4,764 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional redevelopment opportunity presents a 4,764 square foot, three-story building on a 20,553 square foot lot in Dillon, Colorado. Located at 348 Lake Dillon Drive, the property boasts stunning panoramic views of Lake Dillon and the surrounding mountains. Currently operating at 100% occupancy with a mix of office and residential tenants, providing immediate rental income. Built in 1963 and renovated in 1977, the property features 4,572 square feet of net rentable space, with a flexible DCA zoning designation. The asking price is $2,500,000, translating to $524.77 per square foot and $121.63 per square foot for land value. This prime location offers easy access to major ski resorts, including Breckenridge and Keystone, and is situated across from the planned Uptown 240 development, which will include residential units, restaurants, and retail spaces. The potential for expansion exists, with an option to acquire up to an additional 37,000 square feet of land. This presents a rare chance to acquire a significant piece of Summit County real estate in a thriving and growing community.

    Property Features for 348 Lake Dillon Dr

    General Information

    Property type
    Multifamily properties
    Square Feet
    4,764 SF

    Building Details

    Year Built/Renovated
    1963/1977
    Buildings
    1
    Stories
    3

    HighLights

    • Rare Summit County redevelopment opportunity overlooking Lake Dillon.
    • 20,553 SF corner lot with potential to acquire an additional 37,000 SF.
    • 360‑degree mountain views; easy access to Breckenridge, Keystone, and Copper Mountain ski resorts; under one hour to Denver.
    • Adjacent to the Uptown 240 development (80+ residential units, restaurants, and retail planned).
    • Currently 100% occupied with a mix of office and residential tenants, generating immediate rental income.
    • Flexible DCA zoning in a prime downtown location.
    Property Profile Location Intelligence

    Current Use by Public Records

    Medical offices

    Suggested Use

    Car Rental Women's Store Daycare Center Cosmetics Store Arcade & Gaming Center Carpet & Flooring Store Toy Store Tattoo & Piercing Shop Supermarket Farmer's Market

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

    Location Insight

    • Map
    • Local Demand
    City
    Dillon
    County
    Summit
    State
    Colorado
    Longitude
    -106.0465745469
    Latitude
    39.62963278864

    Nearby Comparable

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    Nearby Similar for Sale

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      First Floor Commercial Office Suite

      5,040 SF commercial suite with flexible subdivision options.
      114 Vlg Pl, Dillon, CO 80435
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    • Contact for pricing
      178,362 SF

      Dillon Mixed-Use Development Opportunity

      Partially constructed six-story building with retail, parking, and residential potential.
      240 Lake Dillon Dr, Dillon, CO 80435
      View Details
    • $1,500,000
      0.16 Acres

      Dillon Commercial Condo Investment

      Five Units, High-Visibility Highway 6
      701 105 Trl, Dillon, CO 80435
      View Details
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      Prime Dillon, CO Commercial Space
      114 Vlg Pl, Dillon, CO 80435
      View Details
    • $1,372,500
      0.19 Acres

      Dillon Tech Center Office Space

      Spacious Downtown Dillon Office - Huge Potential
      114 Vlg Pl, Dillon, CO 80435
      View Details

    FAQs

    What type of property is this?
    Multifamily property - Prime Dillon, CO development opportunity
    Where is this multifamily property located?
    The property is located at 348 Lake Dillon Dr Dillon, CO.
    What is the asking price?
    The asking price for this property is $2,500,000.
    What are key features of this property?
    This property features: Rare Summit County redevelopment opportunity overlooking Lake Dillon.; 20,553 SF corner lot with potential to acquire an additional 37,000 SF.; 360-degree mountain views; easy access to Breckenridge, Keystone, and Copper Mountain ski resorts; under one hour to Denver.
    Request Owner's contact information
    348 Lake Dillon Dr Dillon, CO 80435
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    Dillon, CO 80435
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    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
    348 Lake Dillon Dr Dillon, CO 80435
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