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    118 Main St Central City, CO 80427

    For Sale
    $2,263,000

    Prime Central City casino, vacant, 6,200 sq ft.

    Property size:
    6,200 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    363
    This iconic 6,200 square foot building at 118 Main Street, Central City, Colorado, presents a unique investment opportunity. Built in 1874 and fully renovated in 1990, this three-story structure sits on a 2,178 square foot lot and is zoned for entertainment uses. The property features a convenient elevator servicing all three floors. The layout includes bars on each of the two main levels, ideal for a casino or other entertainment venue. The upper two floors are designed for customer use, while the lower level provides ample space for employee areas and operational functions. Modern amenities are in place throughout the building. Central City's unique status as one of only three Colorado cities permitting in-person casino gaming makes this a highly desirable location. The property is currently vacant, offering immediate potential for development. The asking price is $2,263,000. This is a rare chance to acquire a piece of Colorado history with significant upside potential in the thriving entertainment industry.

    Property Features for 118 Main St

    General Information

    Property type
    Casinos
    Square Feet
    6,200 SF

    Building Details

    Year Built/Renovated
    1874/1990
    Buildings
    1
    Stories
    3

    HighLights

    • $2,263,000 asking price.
    • 6,200 square foot, vacant hospitality property.
    • Three‑story, 1874 building, renovated in 1990.
    • Located at 118 Main St, Central City, CO 80427, on a 2,178 sq ft lot.
    • Entertainment zoning permits casino operations.
    Property Profile Location Intelligence

    Current Use by Public Records

    Casinos

    Map

    City
    Central City
    County
    Gilpin
    State
    Colorado
    Longitude
    -105.51259992261
    Latitude
    39.800058233443

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    FAQs

    What type of property is this?
    Casino - Prime Central City casino, vacant, 6,200 sq ft.
    Where is this casino located?
    The property is located at 118 Main St Central City, CO.
    What is the asking price?
    The asking price for this property is $2,263,000.
    What are key features of this property?
    This property features: $2,263,000 asking price.; 6,200 square foot, vacant hospitality property.; Three-story, 1874 building, renovated in 1990.
    Request Owner's contact information
    118 Main St Central City, CO 80427
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    Central City, CO 80427
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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
    118 Main St Central City, CO 80427
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