22869 Us-6 Keystone, CO 80435

Property Details for 22869 Us-6

Year built

1982

Lot size

2.74 lot acres

Property size

21,031 SF

Property type

Lifestyle centers

Property subtype

Power centers

Description

Mountain View Plaza, a Class A, 21,031 square foot shopping center in Keystone, Colorado, presents a compelling value-add investment opportunity. This multi-tenant property boasts 100% occupancy with a diverse tenant mix, including national brands like Verizon Wireless and Subway. The two-building complex, constructed in 1982, sits on a 2.74-acre lot with 110 parking spaces and features unique design elements such as large windows, a covered breezeway, and underground parking (currently used for storage). The property generates a strong NOI of $546,198, resulting in a 6.83% cap rate at an asking price of $8,000,000 ($380.38/sq ft). Current average rents are $22.65 NNN, significantly below market rates of $40-$60 NNN, offering substantial upside potential. Located on US Highway 6, this highly visible property benefits from significant tourist traffic and proximity to Keystone Mountain Resort and other Summit County attractions, including five world-class ski resorts. Its convenient location, approximately 65 miles from Denver and 90 miles from Denver International Airport, ensures strong year-round demand. The property's strong performance and significant rental upside make it an exceptional investment in one of Colorado's most desirable ski towns. The main building comprises approximately 19,659 square feet, while the "Tower Building" adds approximately 1,372 square feet. Dos Locos Mexican restaurant features a desirable outdoor seating area with stunning mountain views.

Location Insight

City

Keystone

County

Summit

State

Colorado

Longitude

-105.954

Latitude

39.609