616 Harrison Ave Leadville, CO 80461

Property Details for 616 Harrison Ave

Year built

1888

Lot size

0.06 lot acres

Property type

Commercial real estate

Description

This remarkable Leadville investment opportunity presents the chance to acquire the iconic Manhattan Building, situated at 616 Harrison Avenue Unit 4. This historic property boasts a vibrant mix of commercial and residential space, currently generating strong rental income. The ground floor features the well-established Manhattan Bar, a spacious and bright retail area, perfectly positioned to capitalize on Leadville's thriving tourism and local economy. Upstairs, four apartments provide additional revenue streams and potential for future upgrades or repositioning. The building sits on a 0.06-acre lot and offers significant upside potential for increased profitability. The property's historic designation opens doors to potential historic tax credits and improvement grants, further enhancing its investment appeal. This unique offering combines the charm of a historic landmark with the promise of substantial financial returns. The building's distinctive neon sign adds to its character and visibility, making it a recognizable landmark in the rapidly growing mountain town of Leadville. This is a rare chance to own a piece of Leadville's history and secure a strong, diversified income stream in a desirable Colorado location. The current fully rented status ensures immediate cash flow, while the numerous possibilities for improvement and expansion offer significant long-term growth potential. Don't miss this exceptional investment opportunity. The asking price is $975,000.