3083-3303 Chicago Creek Rd
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3083-3303 Chicago Creek Rd
2 Hospitality Properties Offered at $8,000,000 in Idaho Springs, CO
Investment Highlights
- Opportunity to acquire Water & Stone Retreat, 3083-3303 Chicago Creek Road, and its successful business with a well-designed website included.
- 5.16-acre tract boasting rare waterfront exposure with uncommon C-3 zoning that allows for a broad array of uses for expansion or redevelopment.
- Positioned 26 minutes from Echo Mountain, 31 minutes from Loveland Ski Area, 40 minutes from Downtown Denver, and 45 minutes from Winter Park.
- Comprises a 5-unit apartment/ condo building and nine furnished cabins featuring fireplaces, decks, full kitchens, private creek frontage, and more.
- Established business that maintains 90 to 95% occupancy in peak seasons and commands some of the highest rates in Idaho Springs.
- Listing agent is owner. 1031 Exchange compatible. Confidentiality agreement required for financials.
Executive Summary
Nestled along the creek in the picturesque mountain landscape of Idaho Springs, Colorado, this boutique cabin and condo resort property presents a unique waterfront investment opportunity.
This sale offering includes a five-unit apartment/condo building and nine well-maintained, fully furnished cabins, each with either original rustic charm or updated with modern amenities. All cabins feature lovely outdoor spaces, most with private creek frontage; some have fireplaces and fully equipped kitchens or kitchenettes. The 14 units are spread across 5.16 easily maintainable acres. The acreage offers privacy and ample space for future development. The rare C3 zoning allows buyers to expand or build different property types. The offering is separated into two lots. Lot 2 can be purchased alone for $5 million. Lot 3 cannot be purchased without Lot 2.
The Water Stone & Retreat nightly rental business is included in the sale so investors can seamlessly continue its abounding success. This includes the property’s website, and though these are currently only listed on Airbnb, it can be set up to handle direct bookings. Occupancy typically ranges between 90 to 95% in the high seasons and around 70% in the swing months. It provides a strong revenue stream with potential for growth through value-add improvements and the units consistently garner the highest lodging rates in Idaho Springs.
Downtown Denver is only 40 minutes east, and Idaho Springs is the closest outdoor escape for rafting, zip lining, hiking, fishing, horseback riding, jeeping, paddle boarding, mountain biking, and more. The retreat is only five minutes from Historic Downtown Idaho Springs, and proximity to Interstate 70 allows guests to easily reach tourist spots like Winter Park, Echo Mountain Ski Area, Red Rocks Amphitheater, Evergreen, and much more. Water & Stone Retreat is a renowned destination with glowing guest reviews, and it is listed as the marquee hospitality option by Blackstone Rivers Ranch (wedding/event venue) and Pactimo (clothing company). Additionally, the city has a relatively low inventory of rooms, giving Water & Stone Retreat significant market superiority.
This sale offering includes a five-unit apartment/condo building and nine well-maintained, fully furnished cabins, each with either original rustic charm or updated with modern amenities. All cabins feature lovely outdoor spaces, most with private creek frontage; some have fireplaces and fully equipped kitchens or kitchenettes. The 14 units are spread across 5.16 easily maintainable acres. The acreage offers privacy and ample space for future development. The rare C3 zoning allows buyers to expand or build different property types. The offering is separated into two lots. Lot 2 can be purchased alone for $5 million. Lot 3 cannot be purchased without Lot 2.
The Water Stone & Retreat nightly rental business is included in the sale so investors can seamlessly continue its abounding success. This includes the property’s website, and though these are currently only listed on Airbnb, it can be set up to handle direct bookings. Occupancy typically ranges between 90 to 95% in the high seasons and around 70% in the swing months. It provides a strong revenue stream with potential for growth through value-add improvements and the units consistently garner the highest lodging rates in Idaho Springs.
Downtown Denver is only 40 minutes east, and Idaho Springs is the closest outdoor escape for rafting, zip lining, hiking, fishing, horseback riding, jeeping, paddle boarding, mountain biking, and more. The retreat is only five minutes from Historic Downtown Idaho Springs, and proximity to Interstate 70 allows guests to easily reach tourist spots like Winter Park, Echo Mountain Ski Area, Red Rocks Amphitheater, Evergreen, and much more. Water & Stone Retreat is a renowned destination with glowing guest reviews, and it is listed as the marquee hospitality option by Blackstone Rivers Ranch (wedding/event venue) and Pactimo (clothing company). Additionally, the city has a relatively low inventory of rooms, giving Water & Stone Retreat significant market superiority.
Property Facts
| Price | $8,000,000 | Status | Active |
| Price / SF | $1,032 / SF | Number of Properties | 2 |
| Sale Conditions | 1031 Exchange | Individually For Sale | 1 |
| Cap Rate | 5.31% | Total Building Size | 7,749 SF |
| Sale Type | Investment | Total Land Area | 5.16 AC |
| Price | $8,000,000 |
| Price / SF | $1,032 / SF |
| Sale Conditions | 1031 Exchange |
| Cap Rate | 5.31% |
| Sale Type | Investment |
| Status | Active |
| Number of Properties | 2 |
| Individually For Sale | 1 |
| Total Building Size | 7,749 SF |
| Total Land Area | 5.16 AC |
Properties
| Property Name / Address | Property Type | Size | Year Built | Individual Price |
|---|---|---|---|---|
|
Water & Stone Retreat
3303 Chicago Creek Rd, Idaho Springs, CO 80452 |
Hospitality | 1,124 SF | 1940 | - |
|
Water & Stone Retreat
3193-3303 Chicago Creek Rd, Idaho Springs, CO 80452 |
Hospitality | 6,625 SF | 1940 | $5,000,000 |
-
Rachel Betz -
Kelly Right Real Estate
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3083-3303 Chicago Creek Rd
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