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631 N Silver St - Alpine Village Resort 10,000 SF Specialty Building Offered at $2,610,706 CAD at a 9.50% Cap Rate in Lake City, CO 81235
Investment Highlights
- Well-Established Seasonal Mountain Log Cabin Resort situated in historic Lake City, Colorado
- 9.5% Cap Rate based on the Property's 2024-2025 average EBITDA
- The Property Maintains 80-85% Occupancy During the Season with a high percentage of advanced bookings, and repeat customers
- The season runs from approximately June 1st through September 30th each year, offering an unmatched lifestyle for an owner-operator
- 12 Cabins including ten studio cabins (each sleeping 4) and two “Deluxe” cabins (each sleeping 6)
- Significant Renovated Inside and Out including new contents and furnishings as well as electrical service have been implemented over the past 4 years
Executive Summary
The Property offers twelve cabins, providing a range of comfortable accommodations designed to suit a variety of group sizes. Each unit is equipped with a full kitchen, private bathroom, queen bed, flat screen smart TV, Wi-Fi, and in-room coffee. Guests also enjoy inviting outdoor common areas, including fire pits, picnic tables, grills, and a fish cleaning sink, all the while surrounded by the natural beauty of the San Juan Mountains.
The Property has been extensively renovated inside and out, and each cabin includes new contents and furnishings, as well as updated electrical service. Over $300,000 in capital improvements have been completed over the past several years, making Alpine Village a one-of-a-kind, turnkey investment.
Property Facts
| Price | $2,610,706 CAD | Property Type | Specialty |
| Price Per SF | $261.07 CAD | Building Size | 10,000 SF |
| Sale Type | Investment or Owner User | No. Stories | 1 |
| Cap Rate | 9.50% | Year Built/Renovated | 1947/2023 |
| Sale Condition | Business Value Included |
| Price | $2,610,706 CAD |
| Price Per SF | $261.07 CAD |
| Sale Type | Investment or Owner User |
| Cap Rate | 9.50% |
| Sale Condition | Business Value Included |
| Property Type | Specialty |
| Building Size | 10,000 SF |
| No. Stories | 1 |
| Year Built/Renovated | 1947/2023 |
Amenities
- Air Conditioning
About 631 N SILVER ST , LAKE CITY, CO 81235
The Property is located in Lake City, CO, a community based in the San Juan Mountains in southwestern Colorado, serving as the county seat for Hinsdale County. Known for its remote location in the San Juan Mounts, a well preserved Victorian-era downtown, and an abundant amount of outdoor recreation activities like hiking, fishing, and four wheeling. Situated at an elevation of approximately 8,600 feet, the town boasts panoramic views, fresh alpine air, and a charming, laid-back atmosphere. Lake City is renowned for its year-round outdoor lifestyle with historic downtown Lake City at its heart, serving as a hub for year round activities such as high elevation hiking, camping, four wheeling, ice fishing, skiing, ice climbing, and wildlife viewing. Located off Highway 149, and considered to be the most remote incorporated town in the lower 48 states, outdoor enthusiasts can quickly escape into nature and experience all that Hinsdale County has to offer. In addition to its natural appeal, Lake City is home to a close-knit, welcoming community with a lively downtown district featuring local boutiques, galleries, and restaurants. Community events such as art walks, farmers markets, and live music contribute to the town’s vibrant cultural life and strong sense of community. Distances from larger cities: Denver, CO – 255 miles southwest of downtown Denver Colorado Spring, CO – 225 miles southwest of Colorado Springs Montrose, CO – 80 miles northwest Gunnison, CO – 55 miles northeast off Hwy 149 Local airports include Gunnison-Crested Butte Regional Airport (54 miles) and Montrose Regional Airport (102 miles). Nearby international airports include Denver International Airport (275 miles).
Property Taxes
| Parcel Number | R000923 | Improvements Assessment | $94,027 CAD |
| Land Assessment | $61,521 CAD | Total Assessment | $155,548 CAD |
Property Taxes
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631 N Silver St - Alpine Village Resort
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