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    Spg St & Central City Pkwy Central City, CO 80427

    • Land
    • 2.00 lot acres
    OFF-MARKET
    Value Estimation
    Location Intelligence

    Current Use by Public Records

    • Land

    Property Details for 0 Spg St & Central City Pkwy

    Lot size
    2.00 lot acres
    Property type
    Land

    Description

    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.

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Central City
    County
    Gilpin
    State
    Colorado
    Longitude
    -105.513
    Latitude
    39.7994

    Comparable in this City

    • Value Estimation by Request
      3.26 Acres

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      0 Lawrence St, Central City, CO 80427
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      300.00 Acres

      3364 Bald Mtn Rd

      Land • 300.00 Acres
      3364 Bald Mtn Rd, Central City, CO 80427
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      300.00 Acres

      3366 Bald Mtn Rd

      Land • 300.00 Acres
      3366 Bald Mtn Rd, Central City, CO 80427
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    • Value Estimation by Request
      0.28 Acres

      Central City, CO 80427

      VACANT COMMERCIAL LAND • 0.28 Acres
      Central City, CO 80427
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    • Value Estimation by Request

      Central City, CO 80427

      VACANT COMMERCIAL LAND
      Central City, CO 80427
      View Details
    • Value Estimation by Request
      0.08 Acres

      Central City, CO 80427

      VACANT COMMERCIAL LAND • 0.08 Acres
      Central City, CO 80427
      View Details

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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
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