390 Elm Rd - Specialty FOR SALE


Estes Park, CO 80517
$3,200,000 USD
390 Elm Rd, Estes Park, CO for Sale
$3,200,000 USD
Specialty - FOR SALE
1/35
null | 5.58% Cap Rate

390 Elm Rd
Estes Park, CO 80517


HIGHLIGHTS

  • Set against the backdrop of Estes Park's mountains, 390 Elm Road offers a rare investment opportunity in the heart of town.
  • Spanning 12 acres, this unique property features seven individual units, providing both income potential and flexibility.
  • Surrounded by mature forest, fascinating rock formations, and historic trails that lead into Rocky Mountain National Park.
  • Situated in a growing area with unmatched potential to capitalize on an affluent community that receives a heavy influx of tourists.

OVERVIEW

Welcome to 390 Elm Road, a rare and versatile 12-acre property located in the heart of Estes Park, Colorado, one of the Rocky Mountains’ most iconic and sought-after destinations. This unique estate offers breathtaking views of Longs Peak and the Continental Divide, making it an exceptional opportunity for investors, developers, and entrepreneurs. The property currently features seven income-generating units, including homes, apartments, duplexes, cabins, garages, storage spaces, and commercial buildings. With all leases on a month-to-month basis, new owners enjoy immediate income and maximum flexibility for future redevelopment. Strategically positioned along Highway 36, the property enjoys high visibility, with over 12,000 vehicles passing daily. It is just 1 mile from Downtown Estes Park and less than 2 miles from the Beaver Meadows entrance to Rocky Mountain National Park, placing it directly on the main route to the park. This location ensures steady visitor traffic and strong year-round tourism demand, with over 4.3 million annual visitors fueling the local economy. Estes Park’s population has grown by 8.6% over the past four years, creating a consistent need for new housing options. The area boasts an affluent and educated community, with an average household income of $105,000 and 46% of residents holding college degrees. Zoned for multiple uses, this site has the potential to transform into a boutique hotel, luxury apartment complex, light manufacturing facility, or a high-end residential community. The buildings were freshly painted in 2024, and several were recently remodeled, allowing for turnkey occupancy or creative transformation. Owner financing is available, making this a highly accessible investment. The site offers a unique blend of privacy, natural beauty, and development potential. With existing infrastructure including a well, electricity, and good road access, this property is ready for development. Whether expanding an existing business or launching a new venture. 390 Elm Road combines historic charm, modern convenience, and unbeatable location to deliver a truly exceptional investment opportunity in Colorado’s mountain paradise.

FOR SALE DETAILS

PRICE

$3,200,000 USD

PRICE/SF

$295 USD /SF

CAP RATE

5.58%

% LEASED

-

TENANCY

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Dermody Elm Road Property

PROPERTY TYPE

Specialty

ADD'L SUBTYPES

Storefront Retail/Residential, Office/Residential

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

C

YEAR BUILT

1981

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

12.73 AC

LAND SF

554,519 SF

ZONING

CO

APN/PARCEL ID

35262-00-025

ASK ABOUT THIS PROPERTY

Gerald MayoEstes Park Team RealtyMore Info

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Gerald MayoEstes Park Team RealtyMore Info

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