1122 Lincoln Avenue, Steamboat Springs, CO 80487

$12,500,000

Property Description

The Western Lodge sits in the heart of downtown Steamboat Springs and represents the most impactful development opportunity seen on Lincoln Ave in years. Soda Creek flows through the length of the property and would allow for waterfront possibilities and unobstructed views of the ski area as well as Howelsen Hill. The property currently consists of one commercial lot and two residential lots totaling 1.83 acres and 11.5 city lots, 6 of which have prime Main St frontage. The hotel is currently zoned Commercial Old Town and the 2 residential lots are currently zoned Residential Old Town which allows for a broad range of commercial mixed-use and residential options. The floor area ratio of the Commercial Old Town zone district is 200% and allows for a 38-foot tall building height. The residential lots have a floor area ratio of 45% and would be great sites for 2 large luxury duplexes or possibly changed to a higher density zoning and incorporated into a hotel or mixed-use development along with the commercial lot. Utilizing the water feature of Soda Creek and views of the entire downtown spectacle, a developer would be able to incorporate 1.83 acres into a comprehensive residential/commercial masterpiece that would accentuate the water feature and maximize the iconic views of the Steamboat Ski Resort, Howelsen Hill and beyond. This is a once-in-a-lifetime opportunity to develop the significant piece of downtown Steamboat and leave behind a landmark that will span generations.

Courtesy of Coldwell Banker Commercial Prime Properties

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