Homes for sale - 348 Lake Dillon DR, Dillon, CO 80435

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William Watson

bill@watsonrg.com +1(303) 842-0836

$2,500,000

Est. payment - /mo

4,572 SqFt

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UPDATED:

Key Details

Property Type Commercial

Sub Type Multi Family

Listing Status Active

Purchase Type For Sale

Square Footage 4,572 sqft

Price per Sqft $546

MLS Listing ID 8323461

Style Chalet,Rustic

HOA Y/N No

Year Built 1963

Annual Tax Amount $9,018

Tax Year 2024

Lot Size 0.472 Acres

Acres 0.47

Property Sub-Type Multi Family

Source recolorado

Property Description

Discover a rare chance to invest in one of Summit County's most desirable locations—348 Lake Dillon Drive. Spanning over 20,000 square feet, this prime development site offers breathtaking panoramic views of Lake Dillon and the surrounding mountains. Zoned for flexible use and ideally positioned near world-renowned ski resorts like Breckenridge and Keystone, this property is perfectly suited for a wide range of development possibilities. It's located directly across from the upcoming Uptown 240 project, a mixed-use development that will feature residential units, restaurants, and retail spaces—setting the stage for a lively and thriving neighborhood. The property currently includes an existing building with both office and residential tenants, generating immediate rental income. Two units are being held vacant so as not to impede redevelopment, but units could be re-tenanted with a buyer's input. Recent occupancy brought in over $100k in gross rents per year, including leased parking for construction vehicles on the north side of the property.

A buyer could redevelop the property (concept drawings for an 18-unit apartment building are available, and zoning may allow up to 58ft building height) or hold and cashflow until the Uptown 240 project is completed. There's also the potential to expand, with an option to acquire an additional 37,000 square feet. Opportunities like this are rare—don't miss your chance to invest in a rapidly growing area with unmatched potential. Contact us today to learn more about this unique offering at 348 Lake Dillon Drive.

Location

State CO

County Summit

Zoning DCA

Interior

Fireplace N

Exterior

Parking Features Asphalt

Roof Type Metal

Total Parking Spaces 18

Garage No

Building

Lot Description Corner Lot, Near Ski Area

Sewer Public Sewer

Water Public

Others

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

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Listed by Pinnacle Real Estate Advisors

"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! "

+1(303) 842-0836

bill@watsonrg.com

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348 Lake Dillon DR Dillon, CO 80435