Price Reduced

1800 Colorado Blvd

$3,900,000 (Sale)

1800 Colorado Boulevard, Idaho Springs, CO 80452

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Property Details

Property Type: Mixed Use
Building Size: 12,400 SF
Lot Size: 0.89 Acres
Zoning: NEC

Overview

Hoff & Leigh is pleased to present The Gold Rush Center for sale, a premier income-generating mixed-use property in the heart of Idaho Springs. Ideally located just one block from the bustling Miner Street, a year-round tourist destination, this high-demand commercial and residential asset offers an exceptional opportunity for investors.

This two-story property features nine office/retail units catering to a variety of businesses and ten residential condo units providing steady rental income. With Idaho Springs’ increasing popularity as a tourism and recreation hub, the property benefits from consistent foot traffic, strong tenant demand, and long-term value appreciation. Given the lack of affordable housing options, the residential units offer a steady and consistent income.

The Gold Rush Center currently generates a Net Operating Income (NOI) of $260,121.54, with a Proforma NOI of $287,157.54. This translates to a current capitalization rate (Cap Rate) of 6.67%, with a Proforma Cap Rate of 7.36%, presenting a compelling value add opportunity.

Contact Hoff & Leigh today for more details on this exceptional investment opportunity!