532 Gregory ST Active

Central City,CO 80427

$ 1000000

- Bed

- Bath

- SqFt


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

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