1800 Colorado Boulevard
The Gold Rush Center is for sale, a premier income-generating mixed-use property in Idaho Springs
Marketing description
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 6.67%, with a Proforma Cap Rate of 7.36%, presenting a compelling value add opportunity.
Contact Hoff & Leigh today for more details on this exceptional investment opportunity!
Listing Page: https://www.hoffleigh.com/listing/1800-colorado-blvd/
Investment highlights
■ Commercial Building Built in 2003, Residential Built in 2023
■ Mixed-Use Property: 9 Retail Spaces and 10 Residential Units
■ Prime Location: Just 1 Block From Miner Street, Benefiting From High Foot Traffic
■ Strong Investment Opportunity: 7.36% Cap Rate at Full Occupancy
■ Convenient Amenities: On-site Parking Available
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