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1800 Colorado Blvd
Idaho Springs, CO 80452
Gold Rush Center · Retail Property For Sale
Investment Highlights
- Commercial Building Built in 2003, Residential Built in 2023
- Prime Location: Just 1 Block From Miner Street, Benefiting From High Foot Traffic
- Mixed-Use Property: 9 Retail Spaces and 10 Residential Units
Executive Summary
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 6.42%, with a Proforma Cap Rate of 7.09%, presenting a compelling value add opportunity.
Contact Hoff & Leigh today for more details on this exceptional investment opportunity!
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 6.42%, with a Proforma Cap Rate of 7.09%, presenting a compelling value add opportunity.
Contact Hoff & Leigh today for more details on this exceptional investment opportunity!
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Storefront Retail/Office
Building Size
10,345 SF
Building Class
B
Year Built
2003
Price
$3,900,000
Price Per SF
$376.99
Percent Leased
Vacant
Tenancy
Multiple
Building Height
2 Stories
Building FAR
0.27
Lot Size
0.89 AC
Opportunity Zone
Yes
Parking
21 Spaces (2.03 Spaces per 1,000 SF Leased)
Frontage
Property Taxes
| Parcel Number | 1835-363-21-201 | Improvements Assessment | $476,970 |
| Land Assessment | $17,930 | Total Assessment | $494,900 |
Property Taxes
Parcel Number
1835-363-21-201
Land Assessment
$17,930
Improvements Assessment
$476,970
Total Assessment
$494,900
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