MLS® ID: 8722063
2500 Village Drive
Steamboat Springs, Colorado, 80487 $4,800,000
The Village Center is a four unit, triple net retail property located on a 1.09 acre lot at the base are of the Steamboat Ski Area. This retail property is located at a busy intersection on the free bus route and is easily accessed by walking both from the base area and from lodging properties via the core trail. 48% of Steamboat's lodging units are located within walking distance (less than 300 yards) from the Steamboat Ski Area. Currently leased to both regional and local tenants with a CAP rate of 7%, the parcel is zoned G-1 and has fantastic development potential for a larger, multi-use building. Developers can take advantage of solid cash flow while in the planning stages. Recently acquired by Alterra Mountain Company, the Steamboat Ski Area and surrounding properties are poised to benefit from the marketing strength of a company that includes Aspen, Deer Valley, Mammoth Mountain and Squaw Valley, among others.