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    305 Bennett Ave Cripple Creek, CO 80813

    For Sale
    Contact for pricing

    2.25-acre prime commercial land in Cripple Creek, CO

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    366
    This exceptional 2.25-acre commercial land parcel presents a unique development opportunity in the heart of Cripple Creek, Colorado. Located just west of the central business district, this property boasts BB Neighborhood Mixed Use zoning, allowing for versatile development options. The site offers convenient access to utilities, a significant advantage in this area. With its proximity to ten casinos and a large gold mine employing 700 people, this location benefits from a robust workforce and significant tourism. The property's potential includes a 108-unit apartment complex, aligning with the moderate-density zoning and the area's need for workforce housing. Cripple Creek's designation as the county seat of Teller County and its participation in Proposition 123, the Colorado Affordable Housing Financing Fund, further enhances the investment potential. This is a rare chance to build in a historic town experiencing growth and situated amidst the stunning Colorado Rockies. The property is situated at 305 W Bennett Ave, Cripple Creek, CO 80813. This location offers a blend of residential and commercial possibilities, making it an exceptional investment opportunity in a thriving community. The property's address is 305 W Bennett Ave, Cripple Creek, CO 80813.

    Property Features for 305 Bennett Ave

    General Information

    Property type
    Land
    Lot Size
    98,010 SF

    HighLights

    • 2.25‑acre commercial land parcel in Cripple Creek, CO.
    • BB Neighborhood Mixed Use zoning allows versatile development.
    • Convenient utility access.
    • Strong workforce and tourism due to proximity to 10 casinos and a 700‑employee gold mine.
    • Potential for a 108‑unit apartment complex.
    • Located in Cripple Creek, Teller County, benefiting from Proposition 123 funding.
    Property Profile Location Intelligence

    Current Use by Public Records

    Isalis Gift Shop Party City Party Store Skunk Funk Wholesaler Carl's Trading Co Hat Shop Bushka's Kitchen LLC Outdoor Clothing And Equipment Shop

    Map

    City
    Cripple Creek
    County
    Teller
    State
    Colorado
    Longitude
    -105.1846315
    Latitude
    38.7465604

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    FAQs

    What type of property is this?
    Land - 2.25-acre prime commercial land in Cripple Creek, CO
    Where is this land located?
    The property is located at 305 Bennett Ave Cripple Creek, CO.
    What are key features of this property?
    This property features: 2.25-acre commercial land parcel in Cripple Creek, CO.; BB Neighborhood Mixed Use zoning allows versatile development.; Convenient utility access.
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    Cripple Creek, CO 80813
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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
    305 Bennett Ave Cripple Creek, CO 80813
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