Prime Investment Properties is pleased to present New Summit Inn — a 0.60-acre multifamily conversion and redevelopment opportunity in the heart of Frisco, Colorado, one of the most severely supply-constrained housing markets in the Rocky Mountain West.
Summit County faces a well-documented, structural shortage of workforce and attainable housing. Demand for year-round employee and resident housing consistently outpaces supply, and local municipalities have shown strong, sustained support for residential density, conversion, and deed-restricted housing projects. This site sits squarely in the path of that need — with C (Commercial) zoning that supports multifamily and mixed-use redevelopment, and an existing three-story structure that offers a ready shell for conversion to residential units, employee housing, or extended-stay.
The opportunity is the land and its entitlement path. The 26,136 SF lot carries a 0.68 building FAR with density upside potential subject to municipal approvals, and the existing 17,859 SF of reinforced-concrete, wet-sprinklered vertical improvements provide a structurally sound base for residential conversion rather than ground-up cost and timeline. Municipal utilities are in place, and 30+ surface parking spaces already serve the site.
Location reinforces the residential thesis. The property sits just off State Highway 9 and I-70 — 24,000+ vehicles per day — and is walkable to downtown Frisco and Main Street. Its position minutes from four major ski resorts (Breckenridge, Copper Mountain, Keystone, and Arapahoe Basin) underpins durable, year-round rental demand from the resort and service workforce, while a $114,802 median household income within one mile signals strong absorption for market-rate residential as well.
Critically, the site delivers holding income during entitlement and planning: the existing 32-key lodging operation generates revenue while a buyer advances the redevelopment, offsetting carry costs through the approval process.
Serious inquiries are invited to execute a Confidentiality Agreement to receive the full offering package, limited financials, and supporting documentation.
Offered exclusively by Prime Investment Properties, based in Steamboat Springs, CO.