3366 Bald Mountain Rd Central City, CO 80427
- Land
- 300.00 lot acres
Current Use by Public Records
- Land
Property Details for 3366 Bald Mountain Rd
- Lot size
- 300.00 lot acres
- Property type
- Land
Description
This expansive 300-320 acre property, located at 3366 Bald Mountain Rd, Central City, CO 80427, presents a unique investment opportunity in the thriving Central City/Blackhawk area. Currently zoned PUD, it boasts a comprehensive Development Agreement in place, outlining plans for a mixed-use development encompassing residential, resort, and commercial components. The agreement's concept plan envisions a variety of uses, ideally suited to address the high demand for workforce housing, retail establishments, and hospitality/resort facilities, including a potential wedding venue. Its strategic location adjacent to Bureau of Land Management (BLM) land provides access to vast open spaces, perfect for year-round recreational activities such as mountain biking, hiking, and cross-country skiing. The property's proximity to Central City (a 10-minute drive to the downtown area) is particularly advantageous, given the area's significant daytime population of 2,925, compared to a resident population of 957 and 625 housing units, according to the Bureau of Labor Statistics and US Census data. This disparity highlights the critical need for additional housing to accommodate the substantial number of employees in the gaming and hospitality sectors who currently commute from Denver due to a lack of available housing options in the immediate area. The asking price is $8,150,000, translating to a price per acre ranging from $25,469 to $27,167. This represents a compelling investment in a high-demand location with significant development potential.
Value Estimation
-
CAP approach
-
Comparable approach
-
Alternative Use
Location Insight
- Map
- Local Demand
- City
- Central City
- County
- Gilpin
- State
- Colorado
- Longitude
- -105.551
- Latitude
- 39.8099
