23024 US Highway 6 7,200 SF 100% Leased Office Building Keystone, CO 80435 $2,775,000 ($385.42/SF) 8.45% Cap Rate

Centennial Advisers is proud to present Snowdance Plaza, a fully leased, mixed-use investment opportunity located in the heart of Keystone, Colorado, one of the state’s premier mountain resort communities. This ±7,200-square-foot, three-story property comprises a diversified mix of retail, office, and residential units, strategically located on ±0.16 acres with high-visibility frontage along U.S. Route 6. Built in 1983, Snowdance Plaza has capitalized on the region’s demand for year-round workforce housing, maintaining consistent occupancy in a market typically dominated by seasonal rentals.
Currently 100% occupied by 11 tenants, the property generates $234,423 in in-place NOI, with meaningful upside through below-market leases and steady rent escalations. Offered at $2,775,000, the asset provides an attractive 8.45% cap rate on current income and a 9.97% pro forma cap rate based on market-aligned adjustments. This offering presents a rare combination of stable income, operational upside, and flexible acquisition terms.
Positioned in a supply-constrained mountain submarket, Snowdance Plaza benefits from strong tourism traffic, local housing shortages, and proximity to regional economic anchors like Keystone Resort and Dillon. Whether targeting immediate yield or long-term appreciation, investors will find this asset uniquely suited for both defensive and growth-oriented strategies in the Colorado resort corridor.