This prime commercial property is ripe for a new, high-end redevelopment project. Property currently has an outdated motel and and duplex on it. Nine+ contiguous city lots include access to four streets including main downtown street and alley. Small, year-round stream on land makes a fabulous water feature ideal for a multi-use building that could include commercial, office and residential units. Property is partially on a hill, making a step-type building ideal. Demand for property in downtown Steamboat Springs has been very high and the prices are rising swiftly (See comparables chart). This is one of the last available and the one with the most potential because it is larger than most others with nine contiguous lots instead of two or three.
Commercial property is on the main street (Lincoln Ave) of downtown Steamboat Springs, CO with six+ lots facing Lincoln Ave and three adjacent lots behind. Front six+ lots are on flat ground, water feature runs behind it and the back three lots are on a hill facing Oak Street. The town is a popular destination resort with its major ski area and year-round recreation. Location is convenient to all activities and is ideal for a redevelopment project. City lots in downtown Steamboat are 7000 sq. ft. and have sold at well above $1M per lot since July 2006.
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