37 & 75 West 4th Street
Silverthorne, CO 80498

$2,300,000 USD

Storefront Retail Office Condo For Sale • 6,671 SF

Property Details

Property Type Storefront Retail Office
Total Building Size 6,671 SF
Year Built 2024
Tenancy Multiple

0 Transit Score

58 Walk Score

1 Unit Available

Name

Condo Use

Size

Price

Details

1st Floor - Unit 37 & 75

Retail

6,671 SF

$2,300,000 USD

Unit Size: 6,671 SF
Condo Use: Retail
Price: $2,300,000 USD
Sale Type: Investment
Price/SF: $344.78 USD

Sale Notes

Blue West Capital is pleased to present the opportunity to purchase two value-add retail condos at Fourth Street Crossing located at 37 & 75 West 4th Street, Silverthorne, CO 80497. Fourth Street Crossing, a brand new mixed-use development by Milender White & the Town of Silverthorne, is envisioned to be recognized as Silverthorne’s Downtown. The property consists of 6,671 square feet of retail space (five possible units) currently in gray shell condition. The subject properties are located on the ground floor of two newly constructed mixed-use condo buildings. The value-add opportunity is to take over for the developer and stabilize the units to a 7.55+% cap (Stabilized Year-3).

View OM: https://bluewestcapital.com/listing/fourth-street-crossing-retail-condos/

Description

The subject properties are located along Blue River Parkway (CO-9), which runs the entirety of Silverthorne, with retail entrances facing West 4th Street. Fourth Street Crossing, Phase I, is a brand-new mixed-use development located in the heart of Silverthorne consisting of 
33 townhomes, 24 condos, a 115-room hotel, 6,500 square feet of event space, a 29,000 square foot food hall, and a 203-stall parking garage.

Located at the heart of Summit County, Silverthorne is the crossroads of travel through the state of Colorado. Three major interstate and highway systems intersect in Silverthorne: I-70, CO-6, and CO-9. Only an hour’s drive from Denver MSA, Summit County is home to four major ski areas: Arapahoe Basin, Breckenridge, Copper Mountain, and Keystone. Offering year-round adventure and entertainment, the area sees tourism revenues over $1B.

                
                    Highlights
                
                                Value-add opportunity to stabilize two retail condos at Fourth Street Crossing to a 7.55+% cap rate (stabilized) or $461 / SF
                            
                                Located in Fourth Street Crossing, a brand new mixed-use development by Milender White & the Town of Silverthorne envisioned to be recognized as Silve
                            
                                Fourth Street Crossing includes 33 townhomes, 24 condos with 6,700 SF of ground-floor retail, a 115-room hotel, 6,500 SF of event space, a 29,000 SF f
                            
                                Crossroads of three major interstate and highway systems: I-70 (45,000 VPD), CO-6 (22,000 VPD), and CO-9 (20,000 VPD)
                            
                                Affluent demographics with an average household income of $146,777 within one mile
                            
                                Proximity to major ski areas including Arapahoe Basin, Breckenridge, Copper Mountain, Keystone, and Vail