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    1650 Upper Apex Rd Central City, CO 80422

    For Sale
    $1,200,000

    41 Acres, Mountain Development Opportunity

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    363
    This exceptional 41.42-acre commercial land parcel in Black Hawk, Colorado, presents a rare front-range mountain development opportunity. Located at 1650 Upper Apex Rd, Gilpin County, zip code 80422 (39.808507, -105.5307173), this property boasts a prime location with convenient access to major highways (I-70, US 6, and Hwy 72), ensuring year-round accessibility. The site offers pristine views of the Continental Divide and is zoned Resource Residential. Utilities are readily available, with electricity already connected to the property, and water and other infrastructure situated along Upper Apex Road. The relatively flat topography for a mountain property eliminates development constraints. This presents multiple development paths, either through Gilpin County or Central City, capitalizing on intense housing demand. The property's proximity to amenities is a key advantage: a 20-minute walk to downtown Central City, with its casinos, shops, and restaurants

    Property Features for 1650 Upper Apex Rd

    General Information

    Property type
    Land
    Lot Size
    1,804,255 SF

    HighLights

    • 20‑minute walk to downtown Central City, offering casinos, shops, and restaurants.
    • 20‑minute walk to Central City Reservoir, a CPW designated gold medal fishing location.
    • 10‑minute walk to Arapahoe National Forest, encompassing thousands of square miles of wilderness.
    • 45‑minute drive to downtown Denver.
    • Accessible via I‑70, US 6, and Hwy 72, providing year‑round mountain access.
    • Pristine views of the Continental Divide.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Discount Store Department Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Central City
    County
    Gilpin
    State
    Colorado
    Longitude
    -105.5307173
    Latitude
    39.808507

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    FAQs

    What type of property is this?
    Land - 41 Acres, Mountain Development Opportunity
    Where is this land located?
    The property is located at 1650 Upper Apex Rd Central City, CO.
    What is the asking price?
    The asking price for this property is $1,200,000.
    What are key features of this property?
    This property features: 20-minute walk to downtown Central City, offering casinos, shops, and restaurants.; 20-minute walk to Central City Reservoir, a CPW designated gold medal fishing location.; 10-minute walk to Arapahoe National Forest, encompassing thousands of square miles of wilderness.
    Request Owner's contact information
    1650 Upper Apex Rd Central City, CO 80422
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    Central City, CO 80422
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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
    1650 Upper Apex Rd Central City, CO 80422
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