Versatile Commercial Investment Opportunity in vibrant Estes Park! Estes is booming - The Sundance Film Festival just announced it's move to Boulder, CO and the Stanley Hotel & Film Center just down the road will host some of the Sundance events. As of the 26 Nov 24 Estes code update, this property is eligible for a commercial/residential Planned Unit Development. Great access with plenty of private parking on Highway 34, one of the two main arteries into town for the 4 million-plus annual visitors. Estes Par, as a non-I70 Front Range resort option, is even more attractive with the over 200 multi-hour closures of the I-70 highway corridor since November 2024.
Fully Occupied: Completely renovated in 2021, the 14,776 sq ft building on a 1.4 acre gently sloped lot is 100% leased with multi-year tenants. Vert Coworking, a highly-amenitized coworking facility which includes a full fitness center in addition to workspaces, conference room and event spaces, currently occupies 65% of the building square footage. Two outdoor guide companies (one of which operates a popular bouldering gym in the building), a chiropractic office and two massage therapists lease the rest of the space. The large back field is perfect for events and has buildable area for potential expansion plans, workforce housing, etc. All leases currently run until 2027/2028 - great opportunity to earn rental income while determining redevelopment options.
Prime Location: Positioned at a high point on the east side of town, the property has great street exposure while providing majestic panoramic views of the Continental Divide. The property sits in the middle of a row of 14 lodging venues, from the iconic Stanley Hotel to a planned brand new Marriott Springhill Suites. It’s a short two blocks to all the recreational opportunities of Lake Estes. The pedestrian and bike trail along Highway 34 at the front of the lot makes it an easy walk or ride into downtown.
Flexible Use Options: This is one of the rare larger “Commercial Outlying” zoned properties on the east side of town and the only one on the market at this time. This zoning category allows very flexible commercial use if you want a crown jewel property for your or tenant businesses (restaurant, brewpub, event center, grocery, retail outlet, or dynamic business hub). CO zoning would even allow for the most extraordinary vacation home in the area!
Owners are willing to negotiate sale of Vert Coworking along with the property.