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$ 2,500,000
Est. payment | /mo
4,572 SqFt
$ 2,500,000
Est. payment | /mo
4,572 SqFt
Key Details
Property Type Commercial
Sub Type Multi Family
Listing Status Active
Purchase Type For Sale
Square Footage 4,572 sqft
Price per Sqft $546
MLS Listing ID 8323461
Style Chalet,Rustic
HOA Y/N No
Year Built 1963
Annual Tax Amount $9,018
Tax Year 2024
Lot Size 0.472 Acres
Acres 0.47
Property Sub-Type Multi Family
Source recolorado
Property Description
Discover a rare chance to invest in one of Summit County's most desirable locations—348 Lake Dillon Drive. Spanning over 20,000 square feet, this prime development site offers breathtaking panoramic views of Lake Dillon and the surrounding mountains. Zoned for flexible use and ideally positioned near world-renowned ski resorts like Breckenridge and Keystone, this property is perfectly suited for a wide range of development possibilities. It's located directly across from the upcoming Uptown 240 project, a mixed-use development that will feature residential units, restaurants, and retail spaces—setting the stage for a lively and thriving neighborhood. The property currently includes an existing building with both office and residential tenants, generating immediate rental income. Two units are being held vacant so as not to impede redevelopment, but units could be re-tenanted with a buyer's input. Recent occupancy brought in over $100k in gross rents per year, including leased parking for construction vehicles on the north side of the property.
A buyer could redevelop the property (concept drawings for an 18-unit apartment building are available, and zoning may allow up to 58ft building height) or hold and cashflow until the Uptown 240 project is completed. There's also the potential to expand, with an option to acquire an additional 37,000 square feet. Opportunities like this are rare—don't miss your chance to invest in a rapidly growing area with unmatched potential. Contact us today to learn more about this unique offering at 348 Lake Dillon Drive.
A buyer could redevelop the property (concept drawings for an 18-unit apartment building are available, and zoning may allow up to 58ft building height) or hold and cashflow until the Uptown 240 project is completed. There's also the potential to expand, with an option to acquire an additional 37,000 square feet. Opportunities like this are rare—don't miss your chance to invest in a rapidly growing area with unmatched potential. Contact us today to learn more about this unique offering at 348 Lake Dillon Drive.
Location
State CO
County Summit
Zoning DCA
Interior
Fireplace N
Exterior
Parking Features Asphalt
Roof Type Metal
Total Parking Spaces 18
Garage No
Building
Lot Description Corner Lot, Near Ski Area
Sewer Public Sewer
Water Public
Others
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
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6455 S. Yosemite St., Suite 500 Greenwood Village, CO 80111 USA
6455 S. Yosemite St., Suite 500 Greenwood Village, CO 80111 USA
Listed by Pinnacle Real Estate Advisors