Improved Mixed-Use Land for Sale in Drake, Colorado
1601 US Highway 34, Drake, CO 80515
DEAL FELL DUE TO FINANCING - PRICE REDUCED $250,000.
22 plus acres - Beautiful Building and 12 RV spaces and also the US Post Office has ground lease. There is currently a bar/restaurant and beer garden in the Lodge along with 9 rooms upstairs, an up/down duplex and a managers apartment on the main floor. The 12 RV spaces are on the river. 11 has full hookups including electric, water and sewer, 1 has electric and water only. Rented out monthly from $900 a month to $1000 a month per space.
The bar/restaurant has a full liquor license and the Commercial Kitchen is licensed and has a fire suppression system. All licenses are current and are included in the price.
The duplex is a small studio upstairs and a 2 bedroom downstairs.
The US Post Office has a ground lease with 2 five year extensions.
After the 2013 flood, the river channel was reconstructed with specific intentions for enhanced fish habitat and widened and deepened to help prevent any future flooding.
Seller just had the septic system inspected and pumped.
- Listed by Sandy Colohan, (303) 919-5993, Keller Williams DTC
Location
- Street address
- 1601 US Highway 34
- County
- Larimer County
- Elevation
- 6,164 feet
Directions
20 minutes from Estes Park and 20 minutes to Loveland on Highway 34 and minutes to Glen Haven on Highway 43
Property details
- Acreage
- 22.61 acres
- Zoning
- O
- MLS #
- REcolorado 5591637
- Posted
Property taxes
- 2024
- $22,949
Parcels
- R0608661
Legal description
"POR 3-5-71 DESC AS COM AT N1/4 COR SD SEC 3, SD PT BEING TPOB, TH S 00 13' 00"""" W 878.00 FT M/L TO PT ON N LN NORTH FORK SUBDIVISION; TH ALG SD NRLY BNDRY LN SD NORTH FORK SUBDIVISION, S 81 30' 00"""" W 405.00 FT; TH N 00 00' 00"""" W 253.72 FT; TH N 90 00' 00"""""
Details and features
Listing
- Type
- Commercial Sale
- Subtype
- Special Purpose
- Current Use
- Recreational, Residential, Restaurant
- Terms
- Cash, Conventional
- Possession
- Negotiable
Income
- Gross Income
- $257, 431
- Operating Expense
- $170, 852
Community
- Features
- On Site Management
Lot
- Road Frontage
- Public
- Road Surface
- Gravel
- Road Responsibility
- Private Maintained Road
- Well Type
- Private
Exterior
- Parking Spaces
- 32
Structure
- Type
- Free Standing
- Renovated
- 2015
- Style
- Mountain Contemporary
- Stories
- 2
- Electric
- 110 V, 220 Volts
- Water
- Well
- Sewer
- Septic Tank
- Materials
- Frame, Wood Siding
- Roof
- Composition
Interior
- Security
- Carbon Monoxide Detector(s), Smoke Detector(s)
Property utilities
| Category | Type | Status |
|---|---|---|
| Power | Grid | Connected |
| Sewage | Sewer | Connected |
| Sewage | Septic System | Connected |
| Water | Private Well | Connected |
| Gas | Propane | Connected |
Listing history
| Date | Event | Price | Change | Source |
|---|---|---|---|---|
| Apr 19, 2026 | New listing | $1,300,000 | — | REcolorado |
Payment calculator
Based on information submitted to the MLS GRID as of Apr 19, 2026 3:00 am MT. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website. View more