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Stephanie Ernst

sernst@livsothebysrealty.com +1(970) 306-5001

$3,424,000

Est. payment - /mo

1.44 Acres Lot

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Key Details

Property Type Commercial

Listing Status Active

Purchase Type For Sale

Subdivision Harms Commercial Center

MLS Listing ID S1071144

Year Built 1972

Annual Tax Amount $28,781

Tax Year 2025

Lot Size 1.440 Acres

Acres 1.44

Property Description

1755 Lincoln Avenue represents a compelling opportunity to acquire an income-producing commercial property with significant long-term redevelopment potential along Steamboat Springs' most important commercial corridor. Located on 1.44 acres with approximately 10,358 sf of retail and restaurant space, the property is fully leased to two established tenants. Strong contractual rent escalations provide additional income growth while evaluating redevelopment, entitlements and highest and best use. The existing income is an important part of the opportunity: but it may not be the primary driver of value. Recent nearby land sales indicate that Lincoln Ave. redevelopment sites are commanding values well above those supported by existing income alone. This creates an attractive investment profile: collect income today while controlling a strategically located site for tomorrow. This location is becoming even more compelling. Immediately adjacent, a new 115 +/- room Hyatt extended-stay hotel is under construction, bringing substantial new investment, lodging capacity and activity to this section of Lincoln Avenue. Just two lots away, a City-owned property is moving through a review process, adding another potential catalyst for change in the immediate neighborhood. With excellent Hwy 40/Lincoln Avenue visibility, Commercial Services zoning and +/- 62,700 sf of land, the site offers the opportunity to explore a variety of higher-density commercial or mixed-use concepts. Rather than requiring an immediate redevelopment decision, 1755 offers something increasingly difficult to find in Steamboat Springs: the ability to secure a highly visible redevelopment site while existing tenants generate meaningful cash flow during the planning and entitlement process. For an investor or developer focused on the long-term evolution of Lincoln Avenue, 1755 offers a unique combination of good income, limited carrying exposure, strategic location and significant future redevelopment potential.

Location

State CO

County Routt

Area West Steamboat / Us 40

Direction Hwy 40 west | Left onto Property just past car wash.

Interior

Heating Radiant Floor

Cooling Heat Pump

Inclusions None

Fireplace No

Exterior

Parking Features Asphalt, Parking Lot, Parking Pad, See Remarks

Utilities Available Natural Gas Available, Phone Available, Sewer Available, Trash Collection, Water Available

Water Access Desc Public

Roof Type Metal

Street Surface Paved

Building

Lot Description Near Public Transit

Sewer Public Sewer

Water Public

Others

Pets Allowed Yes

Tax ID R6817672

Pets Allowed Yes

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Listed by Slifer Smith & Frampton/Steamboat Springs (970) 846-0661

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Stephanie Ernst

+1(970) 306-5001

Broker Associate | FA FA 100092087

Broker Associate FA FA 100092087

1755 Lincoln AVE Steamboat Springs, CO 80487

Stephanie Ernst

Key Details

Location

Interior

Exterior

Building

Others

Nearby Locations

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