2757 Colorado Blvd Idaho Springs, CO 80452

Property Details for 2757 Colorado Blvd

Property type

Residential income homes

Description

This exceptional .7-acre lot in booming Idaho Springs, Colorado presents a significant redevelopment opportunity. Located on Colorado Boulevard, this property boasts over 22 million annual vehicle pass-bys, ensuring high visibility and accessibility. The site's prime location is just off the main thoroughfare, near established businesses such as Starbucks, McDonald's, Subway, and Carl's Jr., and within blocks of the historic district's shops and restaurants. Currently improved with an old hotel and two homes (three rental units, two garages, and storage units generating rental income), the property offers immediate cash flow while development plans are finalized. The highest and best use is likely multi-family or mixed-use development with retail components, given its proximity to the new Argo development (featuring pedestrian plazas, an amphitheater, and extensive trail systems) and the Clear Creek Greenway bike path. New city infrastructure, including upgraded water and sewer lines, is already in place. The property includes street frontage on both the front and back, ideal for drive-thru access or rear parking. This location offers unparalleled convenience, being only 30 minutes from the Denver Metro area, close to two ski areas, and within easy reach of five more world-class resorts, the Denver airport, and multiple casinos. Both lots are being sold together; the seller will not separate them. The asking price reflects the redevelopment land value, even with existing rental income. One house is readily viewable; others can be shown with an accepted offer.