23024 US Highway 6 - Office FOR SALE


Keystone, CO 80435
$2,875,000 USD
562-269-4844
23024 US Highway 6, Keystone, CO for Sale
$2,875,000 USD
Office - FOR SALE
1/11
null | 7.56% Cap Rate

23024 US Highway 6
Keystone, CO 80435


HIGHLIGHTS

  • Below Market In-Place Rents
  • 100% Leased
  • High Traffic Location
  • Ample Parking + Parking Income
  • 8.15% CAP Rate

OVERVIEW

Centennial Advisers is proud to present Snowdance Plaza, a fully leased, mixed-use investment opportunity located in the heart of Keystone, Colorado, one of the state’s premier mountain resort communities. This ±7,200-square-foot, three-story property comprises a diversified mix of retail, office, and residential units, strategically located on ±0.16 acres with high-visibility frontage along U.S. Route 6. Built in 1983, Snowdance Plaza has capitalized on the region’s demand for year-round workforce housing, maintaining consistent occupancy in a market typically dominated by seasonal rentals. Currently 100% occupied by 11 tenants, the property generates $234,423 in in-place NOI, with meaningful upside through below-market leases and steady rent escalations. Offered at $2,875,000, the asset provides an attractive 8.15% cap rate on current income and a 9.62% pro forma cap rate based on market-aligned adjustments. With seller financing available, this offering presents a rare combination of stable income, operational upside, and flexible acquisition terms. Positioned in a supply-constrained mountain submarket, Snowdance Plaza benefits from strong tourism traffic, local housing shortages, and proximity to regional economic anchors like Keystone Resort and Dillon. Whether targeting immediate yield or long-term appreciation, investors will find this asset uniquely suited for both defensive and growth-oriented strategies in the Colorado resort corridor.

FOR SALE DETAILS

PRICE

$2,875,000 USD

PRICE/SF

$374 USD /SF

CAP RATE

7.56%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Office

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

C

YEAR BUILT

1983

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.18 AC

LAND SF

7,683 SF

ZONING

CPUD

APN/PARCEL ID

4200471

ASK ABOUT THIS PROPERTY

Camille MonizCentennial AdvisersMore Info
562-269-4844

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Camille MonizCentennial AdvisersMore Info
562-269-4844

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