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Property profile & analytics
OFF-MARKET
Land

0 Spg St & Central City Pkwy Central City, CO 80427

2 ac lot
Property ID
Property summary
AI-generated overview

This exceptional 2-acre land parcel presents a unique development opportunity in Central City, Colorado. Located at the intersection of Spring Street and Central City Parkway, this property boasts a prominent position at the gateway to the historic downtown area, offering unparalleled visibility and accessibility. The site is zoned HDG (Historic Downtown Gaming), allowing for a diverse range of development possibilities to complement the existing gaming and tourism infrastructure. Currently featuring 116 free-surface parking spaces, the property provides ample parking for visitors and future development. The location benefits from high traffic volume on Central City Parkway, estimated at over 700,000 annual trips, ensuring significant exposure for any new development. This presents a chance to reshape the entrance to Central City's Main Street Commercial District, capitalizing on the city's rich history, thriving gaming industry, and proximity to the Denver metropolitan area (approximately 35 miles via I-70), with a population exceeding 3,300,000. The property's APN is 1835-123-01-047. This is a rare opportunity to contribute to the ongoing revitalization of Central City and create a landmark development in a vibrant and historic Colorado community. The city's established gaming sector, including six casinos (Century Casino & Hotel Central City, Dostal Alley Brewpub & Casino, Dragon Tiger Casino, Easy Street Casino, The Famous Bonanza Casino, and The Grand Z Casino Hotel), provides a strong foundation for a successful venture. This site offers the potential to create a new destination that complements the existing attractions and further enhances Central City's appeal to tourists and residents alike.

Property profile
Verified
Property type Land
Lot 2 ac (87,120 SF)
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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