0 Spg St & Central City Pkwy Central City, CO 80427
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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.