532 Gregory ST Active Save Request In-Person Tour Request Virtual Tour
Central City,CO 80427
Key Details
Property Type Vacant Land
Sub Type Subdividable
Listing Status Active
Purchase Type For Sale
Subdivision Central City
MLS Listing ID 8025745
Annual Tax Amount $10,052
Tax Year 2023
Lot Size 3.460 Acres
Property Description
2.2 Million dollar price drop. The first gold lode in Colorado was discovered just feet from this location in 1859 sparking the gold rush. This district has produced $65,000,000 in gold. This site is now available for a casino, commercial and/or residential housing development. It is located on the main strip leading through historic Central City. The property is on the Black Hawk / Central City border in Gilpin County. The combined lots total 3.46 acres with a combination of zoning including: gaming, commercial and residential. It is suitable for a wide array of uses including casinos, restaurants, bars, housing and commercial retail. There are 4 fix-up houses and a large outbuilding on the combined lots. The previous owner had plans for a large casino.
Those plans are available however the current owner was not involved with that proposed development and any permits have long expired. The rendering included was proposed by the previous owner and is included as an example of what might be possible. Future guests will enjoy historic mountain towns, hiking, biking, skiing, rafting, fishing, local bistros, brew pubs, galleries, zip-lining, ATV & 4WD trails and much more all within a short drive. Just 30 min to the metro area, 1 hour to the airport, 45 minutes to skiing, and within 1.5 hours of 7 world class ski areas.
Location
State CO
County Gilpin
Zoning Gaming, Commercial & Res.
Exterior
Fence None
Utilities Available Cable Available,Electricity Connected,Natural Gas Available,Phone Available,Sewer Connected
View City,Mountain(s),Valley
Building
Lot Description Ditch,Historical District,Level,Meadow,Mountainous,Near Public Transit,Near Ski Area,Steep Slope,Subdividable
Sewer Public Sewer
Water Public
Schools
School District Gilpin Re-1
Others
Acceptable Financing 1031 Exchange,Cash,Conventional
Listing Terms 1031 Exchange,Cash,Conventional
Special Listing Condition None