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231 Elm Street presents an excellent investment opportunity in Leadville, Colorado. Built in 1963 and formerly operated as a motel, this well-located property is currently operated as a 9-unit apartment building and sits on a spacious corner lot of over 4,966 square feet. Its historic motel roots and efficient design also provide the potential for hospitality or short-term rental use, subject to city approvals. Located just minutes from downtown Leadville and surrounded by year-round recreational attractions, 231 Elm offers a strategic foothold for multifamily investors or those seeking to reposition the asset. Property is composed of 9-units total (5- Studios, 3 – Studios w/ Kitchens, and 1 – 1Bd/1Ba unit). Zoned R2, the property offers exceptional flexibility for investors or developers seeking to capitalize on Leadville’s rapid residential growth.PROPERTY FEATURES
Sewer Source :
Public Sewer
PROPERTY DETAILS
Street Address: 231 Elm Street
City: Leadville
State: Colorado
Postal Code: 80461
County: Lake
MLS Number: 8722176
Year Built: 1963
Courtesy of NorthPeak Commercial Advisors, LLC
City: Leadville
State: Colorado
Postal Code: 80461
County: Lake
MLS Number: 8722176
Year Built: 1963
Courtesy of NorthPeak Commercial Advisors, LLC
Courtesy of Fay Ranches Inc
