24 5th Street, Steamboat Springs, CO, 80487

Opportunity to purchase one of the only remaining commercial lots in downtown Steamboat Springs, along the Yampa River. The Property has PUD Zoning that provides a maximum building height of 48 feet, as well as a lot coverage ratio of 100% and floor area ratio of up to 3.6 times. The adjoining alley gives flexibility for onsite parking to be incorporated into the redevelopment of the property. By Right Uses in the PUD include Multiple-Family Residential, Hotel, Vacation Rental, Work/Live, Retail and Office to name a few. Purchase would include use rights over the Plaza area along the Yampa river, the use of this space could be a great amenity for the redevelopment. The existing leases provide income to offset expenses while a redevelopment is being planned and approved. Development of the Residential lots in Riverview has already started and opportunities like this do not come often.