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231 Elm Street, Leadville, CO 80461
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$1,135,000
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Home Details for 231 Elm Street
Price
$1,135,000
Type
Commercial/Industrial
Year Build
1963
Lot Size
0.11
County
Lake
Tax
$2,155
MLS®️ Listing#
8722176
On exitrealty.com
193 days
Property Description
231 Elm Street presents an excellent investment opportunity in Leadville, Colorado. Built in 1963 and formerly operated as a motel, this well-located property is currently operated as a 9-unit apartment building and sits on a spacious corner lot of over 4,966 square feet. Its historic motel roots and efficient design also provide the potential for hospitality or short-term rental use, subject to city approvals. Located just minutes from downtown Leadville and surrounded by year-round recreational attractions, 231 Elm offers a strategic foothold for multifamily investors or those seeking to reposition the asset. Property is composed of 9-units total (5- Studios, 3 – Studios w/ Kitchens, and 1 – 1Bd/1Ba unit). Zoned R2, the property offers exceptional flexibility for investors or developers seeking to capitalize on Leadville’s rapid residential growth.
Listing Courtesy: NorthPeak Commercial Advisors, LLC - dan@northpeakcre.com,406-531-4246
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