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1205 N Summit Blvd - New Summit Inn 17,859 SF Hospitality Building Offered at $6,595,000 in Frisco, CO 80443
Investment Highlights
- 0.60-acre multifamily conversion opportunity in Summit County Colorado
- Directly addresses the Summit County housing shortage — strong municipal appetite for workforce, attainable, and deed-restricted housing
- 26,136 SF lot | 0.68 FAR with density upside (subject to municipal approvals) - sprinkler system in place
- Zoned Gateway District (GW) - that zoning does allow for residential units, based on a conditional use permit which would need to be approved by the P
- Structurally sound concrete shell suited to residential conversion — 17,859 SF over three stories, reducing cost and timeline versus ground-up constru
- Holding income during entitlement — existing 32-key lodging operation could offset carry costs through the approval process
Executive Summary
Prime Investment Properties is pleased to present New Summit Inn — a 0.60-acre multifamily conversion and redevelopment opportunity in the heart of Frisco, Colorado, one of the most severely supply-constrained housing markets in the Rocky Mountain West.
Summit County faces a well-documented, structural shortage of workforce and attainable housing. Demand for year-round employee and resident housing consistently outpaces supply, and local municipalities have shown strong, sustained support for residential density, conversion, and deed-restricted housing projects. This site sits squarely in the path of that need — with C (Commercial) zoning that supports multifamily and mixed-use redevelopment, and an existing three-story structure that offers a ready shell for conversion to residential units, employee housing, or extended-stay.
The opportunity is the land and its entitlement path. The 26,136 SF lot carries a 0.68 building FAR with density upside potential subject to municipal approvals, and the existing 17,859 SF of reinforced-concrete, wet-sprinklered vertical improvements provide a structurally sound base for residential conversion rather than ground-up cost and timeline. Municipal utilities are in place, and 30+ surface parking spaces already serve the site.
Location reinforces the residential thesis. The property sits just off State Highway 9 and I-70 — 24,000+ vehicles per day — and is walkable to downtown Frisco and Main Street. Its position minutes from four major ski resorts (Breckenridge, Copper Mountain, Keystone, and Arapahoe Basin) underpins durable, year-round rental demand from the resort and service workforce, while a $114,802 median household income within one mile signals strong absorption for market-rate residential as well.
Critically, the site delivers holding income during entitlement and planning: the existing 32-key lodging operation generates revenue while a buyer advances the redevelopment, offsetting carry costs through the approval process.
Serious inquiries are invited to execute a Confidentiality Agreement to receive the full offering package, limited financials, and supporting documentation.
Offered exclusively by Prime Investment Properties, based in Steamboat Springs, CO.
Summit County faces a well-documented, structural shortage of workforce and attainable housing. Demand for year-round employee and resident housing consistently outpaces supply, and local municipalities have shown strong, sustained support for residential density, conversion, and deed-restricted housing projects. This site sits squarely in the path of that need — with C (Commercial) zoning that supports multifamily and mixed-use redevelopment, and an existing three-story structure that offers a ready shell for conversion to residential units, employee housing, or extended-stay.
The opportunity is the land and its entitlement path. The 26,136 SF lot carries a 0.68 building FAR with density upside potential subject to municipal approvals, and the existing 17,859 SF of reinforced-concrete, wet-sprinklered vertical improvements provide a structurally sound base for residential conversion rather than ground-up cost and timeline. Municipal utilities are in place, and 30+ surface parking spaces already serve the site.
Location reinforces the residential thesis. The property sits just off State Highway 9 and I-70 — 24,000+ vehicles per day — and is walkable to downtown Frisco and Main Street. Its position minutes from four major ski resorts (Breckenridge, Copper Mountain, Keystone, and Arapahoe Basin) underpins durable, year-round rental demand from the resort and service workforce, while a $114,802 median household income within one mile signals strong absorption for market-rate residential as well.
Critically, the site delivers holding income during entitlement and planning: the existing 32-key lodging operation generates revenue while a buyer advances the redevelopment, offsetting carry costs through the approval process.
Serious inquiries are invited to execute a Confidentiality Agreement to receive the full offering package, limited financials, and supporting documentation.
Offered exclusively by Prime Investment Properties, based in Steamboat Springs, CO.
Data Room Click Here to Access
- Offering Memorandum
- Market Information
- Operating and Financials
Property Facts
Room Mix Information
| Description | No. Rooms | Daily Rate | SF |
|---|---|---|---|
| Guest Room | 32 | - | - |
1 1
Somewhat walkable
30/100
Exceptionally drivable
100/100
Limited public transit
30/100
Moderately bikeable
70/100
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1205 N Summit Blvd - New Summit Inn