205 Beaver Lodge Rd - Hospitality FOR SALE


Frisco, CO 80443
$6,595,000 USD
970-819-4948
205 Beaver Lodge Rd, Frisco, CO for Sale
$6,595,000 USD
Hospitality - FOR SALE
1/56
null | Request Cap Rate

205 Beaver Lodge Rd
Frisco, CO 80443


HIGHLIGHTS

  • 0.60-acre multifamily conversion opportunity in Summit County Colorado
  • Zoned Gateway District (GW) - that zoning does allow for residential units, based on a conditional use permit which would need to be approved by the P
  • Directly addresses the Summit County housing shortage — strong municipal appetite for workforce, attainable, and deed-restricted housing
  • Structurally sound concrete shell suited to residential conversion — 17,859 SF over three stories, reducing cost and timeline versus ground-up constru
  • 26,136 SF lot | 0.68 FAR with density upside (subject to municipal approvals) - sprinkler system in place
  • Holding income during entitlement — existing 32-key lodging operation could offset carry costs through the approval process

OVERVIEW

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.

FOR SALE DETAILS

PRICE

$6,595,000 USD

PRICE/SF

$283 USD /SF

# OF ROOMS

32

PRICE/ROOM

$206,094 {currency}

CAP RATE

Request Cap Rate

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

New Summit Inn

PROPERTY TYPE

Hospitality

TOTAL BUILDING SIZE

-

STORIES

3

ROOM ENTRANCE

Interior

BUILDING CLASS

C

YEAR BUILT

1990

PARKING SPACES

29

LAND DETAILS

LAND ACRES

0.6 AC

LAND SF

26,136 SF

ZONING

C

APN/PARCEL ID

1900055,2097-2620-00-001

ASK ABOUT THIS PROPERTY

Dan EmertPrime Investment Properties LLCMore Info
970-819-4948

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Dan EmertPrime Investment Properties LLCMore Info
970-819-4948

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.