532 Gregory StCentral City, CO 80427

Property Details for 532 Gregory St

Year built

1870

Lot size

0.64 AC

Property size (Sq ft)

1,830 SF

Property type

Office properties

Property subtype

Other office properties

APN

1835-124-01-077

APU

183512401077

Description

This exceptional 3.46-acre mixed-use property in Central City, Colorado, presents a unique investment opportunity. Located on Gregory Street, the site boasts prime frontage zoned for gaming, commercial, and residential development, capitalizing on the area's thriving tourism and gaming industries. The property includes four fix-up houses and a large outbuilding, offering immediate potential for rental income or redevelopment. With 20 existing parking spaces, the site is well-positioned to accommodate a variety of uses, from casinos and restaurants to retail spaces and residential housing. The location is highly desirable, situated on the main strip leading through historic Central City, near the Black Hawk/Central City border in Gilpin County. The property's rich history, dating back to the 1859 gold rush, adds to its allure. While previous plans for a large casino exist, they are not guaranteed, and any development will require collaboration with the Central City Planning department. Buyers are responsible for verifying all information and obtaining necessary permits. The property offers convenient access to major transportation routes, being just 30 minutes from the metro area, an hour from the airport, and within a short drive of numerous recreational activities, including world-class skiing. This is a rare chance to acquire a substantial parcel in a booming market with diverse development possibilities. The asking price is $1,000,000. The APN is Multiple and ownership is held by a corporation. The legal descriptions for all parcels are available upon request.

• CAP approach

  CAP return

  Valuation

  6%

  $336,309

  6.5%

  $310,439

  7%

  $288,265

• Comparable approach

  Method

  Valuation

  Relative Method

  $372,415

  Geo Method

  $151,195

• Alternative Use

  Use

  Valuation

  Residential

  $384,945

  Hospitality

  $352,607

  Educational

  $293,365

  Medical

  $303,454

  Retail

  $456,346

Location Insight

City

Central City

County

Gilpin

State

Colorado

Latitude

39.8007

Longitude

-105.501

CBSA code

19740

CBSA name

DENVER-AURORA, CO METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?

Please email our support team at [email protected] and they will add the team member.

How do I access a private listing?

Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.

How can I contact the broker?

We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.

How do I unsubscribe from emails?

At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].