Log In/Sign Up
Your email has been sent.
The Gold Room 18 S Nevada Ave 33,000 SF Retail Building Colorado Springs, CO 80903 $9,733,830 CAD ($294.96 CAD/SF)
Investment Highlights
- A true Art Deco landmark: timeless architecture that cannot be replicated, creating instant identity and presence in the market.
- Located at the center of Colorado Springs’ urban core, surrounded by walkability, growth, and momentum.
- Expansive layouts across multiple levels allow for seamless adaptive reuse - from hospitality and office to a vertically integrated lifestyle concept.
Executive Summary
Ownership is open to executing a long-term lease for the existing built-out space, providing flexibility for investors or owner-users seeking immediate income potential.
The Golden Opportunity!
The Gold Room is a ±33,000 SF commercial building located in Downtown Colorado Springs.
Pricing & Structure
Offering Price: $6,900,000
Ownership is willing to carry the balance above existing debt and transaction costs, creating a flexible acquisition structure for qualified buyers.
Transaction Framework
• Debt Payoff: Approximately $4,700,000
• Broker Compensation: 5% of purchase price
• Seller Carry: Balance above debt payoff and transaction costs
Seller Financing Terms (General Guidance)
• Interest Rate: ~6%
• Term: Negotiable (5–10 years)
• Down Payment: Negotiable
• Prepayment: No penalty
Property Summary
• Building Size: ±33,000 SF
• Condition: Partial renovation completed (multi-million-dollar investment)
• Remaining Area: Available for repositioning or redevelopment
Offer Guidance
Ownership will consider:
• All-cash offers
• Structured offers utilizing seller financing
Seller financing is intended to provide buyers with flexibility in capital structure while supporting a higher overall valuation.
Inquiries
Please contact broker to discuss deal structure and qualifications.
The Golden Opportunity!
The Gold Room is a ±33,000 SF commercial building located in Downtown Colorado Springs.
Pricing & Structure
Offering Price: $6,900,000
Ownership is willing to carry the balance above existing debt and transaction costs, creating a flexible acquisition structure for qualified buyers.
Transaction Framework
• Debt Payoff: Approximately $4,700,000
• Broker Compensation: 5% of purchase price
• Seller Carry: Balance above debt payoff and transaction costs
Seller Financing Terms (General Guidance)
• Interest Rate: ~6%
• Term: Negotiable (5–10 years)
• Down Payment: Negotiable
• Prepayment: No penalty
Property Summary
• Building Size: ±33,000 SF
• Condition: Partial renovation completed (multi-million-dollar investment)
• Remaining Area: Available for repositioning or redevelopment
Offer Guidance
Ownership will consider:
• All-cash offers
• Structured offers utilizing seller financing
Seller financing is intended to provide buyers with flexibility in capital structure while supporting a higher overall valuation.
Inquiries
Please contact broker to discuss deal structure and qualifications.
Property Facts
Sale Type
Investment or Owner User
Property Type
Building Size
33,000 SF
Building Class
B
Year Built/Renovated
1931/2023
Price
$9,733,830 CAD
Price Per SF
$294.96 CAD
Tenancy
Multiple
Building Height
3 Stories
Building FAR
2.91
Lot Size
0.26 AC
Opportunity Zone
Yes
Zoning
C6
Parking
4 Spaces (0.12 Spaces per 1,000 SF Leased)
Amenities
- Corner Lot
- Mezzanine
- Signage
- Roof Terrace
- Storage Space
- Fiber Optic Internet
Very walkable
80/100
Very drivable
80/100
Good public transit
70/100
Exceptionally bikeable
90/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 64182-16-030 | Improvements Assessment | $0 CAD |
| Land Assessment | $0 CAD | Total Assessment | $734,312 CAD |
Property Taxes
Parcel Number
64182-16-030
Land Assessment
$0 CAD
Improvements Assessment
$0 CAD
Total Assessment
$734,312 CAD
1 of 21
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
Presented by
The Gold Room | 18 S Nevada Ave
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.