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10243714
13315750

78336 US-40, Winter Park, CO 80482

PQ
CO EI.040000214
Parnell Quinn
Listed by Parnell Quinn
$5,495,000
2083 days on market
Updated 10 days ago

Kings Crossing Retail Center

Details
APN R305976
Property Type Hospitality, Mixed Use (+3)
Sub Type Hotel
Square Footage 29,709
Net Rentable (SqFt) 29,896
Units 12
Cap Rate 3.58%
NOI $196,986
Occupancy 80%
Tenancy Multi
Lease Type NNN
Price per SqFt $185
Price Per Acre $1,263,538
Broker Co-Op Yes
Class B
Year Built 1975
Year Renovated 1995
Buildings 1
Stories 3
Acreage 2.770
Zoning DC
Parking Spaces 70 per 1,000 sq ft
Investment Type Redevelopment
Sale Condition 1031 exchange

Additional residential buildings and commercial space on the property can be built!

Marketing description

Owner is willing to do a joint venture or subdivide the property and sell the building or the future development acreage.

Located downtown Winter Park - on 2.77 acres with room to develop Unit #2 is 86.4% of the property and has all the development rights.

Current building can be repurposed for workforce housing that will not count agains overall density.

Remaining acreage can be developed into more commercial and residential for sale or lease product.

Well established businesses make up 80% of current tenant occupied spaces. Leases start coming up for renewal in 2025 and cap rate can be increased with adjusted rents.

Concrete construction. Current building has two residential units in addition to 14 mixed use spaces consisting of office/retail/commercial/restaurant spaces.

The potential to expand is Here! All spaces could be remodeled/converted residential units.

Additional residential or commercial property can be constructed on the property. Indoor storage area on lower level has 10' foot ceilings. Development across the street constructed 38 units on 1.1 acres. Call listing agent for more details and to schedule a private tour.

Unit 2 owns 86.3582% of HOA

Offering Memorandum available upon Request!

Investment highlights

  • Year Built Effective:1980

  • Number of Units: 14 Total:

    • 12 Commercial

    • 2 Residential

Listing Contacts

PQ
CO EI.040000214
Parnell Quinn
Listed by Parnell Quinn

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Loan Amount
$0.00
Annual Debt Service
$--
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Annual Cash Flow
$196,986.00
$16,415.50/mo

Valuation Metrics

0
DSCR
3.58%
Cap Rate
3.58%
ROI

Map

Zoning

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F SpecialForestry And Open
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View all 36 uses
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Last updated Feb 9, 2026 For deeper zoning details, reports are available at Zoneomics

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Additional Information

Name
Parnell Quinn
License
EI.040000214
Brokerage Phone
970-726-2000
Title
Broker
Brokerage Address
307 Eastom Avenue
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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