390 Elm Rd - Dermody Elm Road Property 10,841 SF Specialty Building Offered at $3,200,000 at a 5.58% Cap Rate in Estes Park, CO 80517

390 Elm Road, a rare and versatile 12-acre property located in the heart of Estes Park, Colorado.With $1.3 million down, owner will carry the balance at 5%. Great Re-Development Opportunity. Estes Park has over 9 million visitors per year with Rocky Mountains National Park an iconic and sought-after destinations. Great Re-Developoment Opportunity.This unique estate offers breathtaking views of Longs Peak and the Continental Divide, making it an exceptional opportunity for investors, developers, and entrepreneurs. The property currently features seven income-generating units, including homes, apartments, duplexes, cabins, garages, storage spaces, and commercial buildings. With all leases on a month-to-month basis, new owners enjoy immediate income and maximum flexibility for future redevelopment. This would be a great location for a 3,000 capacity convention center and a high end boutique hotel. It would adjoin future three other branded hotels currently under construction and approved to build. One hotel is the historic Elkhorn Lodge slated to be a Homewood Suites by Marriott. Currently there is $150,000,000.00 in construction at the Stanley Hotel boasting 50 new Sundance Suites and a 70,000 square foot film center.

Strategically positioned along Moraine Avenue, the property enjoys high visibility, with over 12,000 vehicles passing daily. It is just 1 mile from Downtown Estes Park and less than 2 miles from the Beaver Meadows entrance to Rocky Mountain National Park, placing it directly on the main route to the park. This location ensures steady visitor traffic and strong year-round tourism demand, with over 4.3 million annual visitors fueling the local economy. Estes Park’s population has grown by 8.6% over the past four years, creating a consistent need for new housing options. The area boasts an affluent and educated community, with an average household income of $105,000 and 46% of residents holding college degrees.
Zoned for multiple uses, this site has the potential to transform into a boutique hotel, luxury apartment complex, light manufacturing facility, or a high-end residential community. The buildings were freshly painted in 2024, and several were recently remodeled, allowing for turnkey occupancy or creative transformation. Owner financing is available, making this a highly accessible investment.

The site offers a unique blend of privacy, natural beauty, and development potential. With existing infrastructure including a well, electricity, and good road access, this property is ready for development. Whether expanding an existing business or launching a new venture. 390 Elm Road combines historic charm, modern convenience, and unbeatable location to deliver a truly exceptional investment opportunity in Colorado’s mountain paradise.