UPDATED:
Key Details
Property Type Commercial
Sub Type Retail
Listing Status Active
Purchase Type For Sale
Square Footage 9,376 sqft
Price per Sqft $175
MLS Listing ID 7863732
HOA Y/N No
Year Built 1888
Annual Tax Amount $12,486
Tax Year 2024
Lot Size 5,097 Sqft
Acres 0.12
Property Sub-Type Retail
Source recolorado
Property Description
Built in 1888 by former Colorado Lieutenant Governor Peter Breene, this historic treasure has stood the test of time, watching over generations of locals and travelers as Leadville transformed around it. Now, it's ready for its next chapter—and you could be the one to write it.
The main level is currently leased to the popular Scarlet Tavern, providing immediate cash flow, while the upper two floors have been nearly gutted—a blank canvas awaiting your vision. Transform the top stories into 7-8 residential units, tapping into the growing demand for downtown living in one of Colorado's most charming mountain towns.
Wander through the building and you'll discover remnants of a grand past: a large historic skylight pouring light down the central staircase, period details waiting to be revealed and restored, and sweeping mountain views of Mt. Elbert and Mt. Massive that would stop any future resident in their tracks.
Even better? This project qualifies for state and federal historic redevelopment tax credits, adding major value to your investment. A new roof, installed within the last 3 years, brings peace of mind as you bring this vision to life. There's also a fully finished apartment on the second floor that can be leased immediately for added revenue.
The Breene Building isn't just bricks and mortar—it's a rare, tangible piece of Colorado's history that offers the opportunity to create something both enduring and profitable. Whether you're an investor, developer, or dreamer, this is your chance to revive a legacy and reshape Leadville's skyline—all while building a vibrant future from a glorious past.
Bar business and fixtures are not included in sale.
Location
State CO
County Lake
Zoning RC
Interior
Fireplace N
Exterior
Roof Type Membrane
Garage No
Building
Sewer Public Sewer
Water Public
Structure Type Brick
Others
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Virtual Tour https://www.buyyourmountainhome.com
6455 S. Yosemite St., Suite 500 Greenwood Village, CO 80111 USA
"Many agents say they put their client’s needs first, but the Watson Realty Group are on a mission to actually do it by providing their clients several GUARANTEE programs that take the risk out of selling or buying a home. We are passionate about providing these guarantees, and at the same time making each of our clients feel as though they are our only client. We Live Here, We Work Here and We are Here to Serve You! "
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