23024 Us-6 Keystone, CO 80435
- Retail properties
- 7,200 SF
- 0.16 lot acres
Current Use by Public Records
- Retail properties
Property Details for 23024 Us-6
- Year built
- 1983
- Lot size
- 0.16 lot acres
- Property size
- 7,200 SF
- Property type
- Retail properties
- Property subtype
- Mixed-use properties
Description
Snowdance Plaza presents a compelling value-add opportunity in the heart of Keystone, Colorado. This three-story, 7,200 square foot mixed-use building, constructed in 1983, sits on a 0.16-acre lot at 23024 US-6, zip code 80435, within Summit County. Currently operating at 88% occupancy with nine tenants, the property offers a strong existing NOI of $195,313 and a 6.73% cap rate. A pro-forma analysis projects a significant increase in NOI to $303,877 and a 10.48% cap rate upon full occupancy. The building comprises ten units, a mix of retail, office, and residential spaces, catering to both year-round residents and seasonal tourism. Its strategic location on US Highway 6, with high visibility and proximity to Keystone Mountain Resort and other major attractions, ensures consistent traffic and demand. The current vacancy, a former coffee shop, presents an immediate opportunity to enhance revenue. The property includes 30 parking spaces and is zoned CPUD. This investment offers substantial upside potential in one of Colorado's most desirable ski resort towns, approximately 65 miles from Denver and 90 miles from Denver International Airport. The property's focus on employee housing ensures consistent occupancy, even outside peak tourist seasons. This is a rare chance to acquire a well-positioned asset with significant growth prospects.
Value Estimation
-
CAP approach
-
Comparable approach
-
Alternative Use
Location Insight
- Map
- Local Demand
- City
- Keystone
- County
- Summit
- State
- Colorado
- Longitude
- -105.954
- Latitude
- 39.6079
