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Dewey Shanks

shanks@estesparkteamrealty.com +1(806) 681-3612

$ 3,250,000

Est. payment -/mo

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1607 W US Highway 34 #Various Drake, CO 80515

35.91 Acres Lot

UPDATED:

Key Details

Property Type Commercial

Listing Status Active

Purchase Type For Sale

MLS Listing ID IRE1069115

HOA Y/N No

Year Built 1900

Annual Tax Amount $15,740

Tax Year 2025

Lot Size 35.910 Acres

Acres 35.91

Source ires

Property Description

Drake Campground presents a rare opportunity to acquire approx. 36 acres of riverfront property along the US Hwy 34 corridor in the heart of Northern Colorado's mountain recreation market. The property combines an established campground operation with multiple residential structures, rustic cabins, a potential commercial/campstore building, RV accommodations and tent camping, creating a diverse platform for both immediate operations and future repositioning. Compelling base for a destination campground, outdoor recreation resort, retreat venue or expanded hospitality concept. In addition to the existing campground and lodging operations, the property offers potential upside through a country store, recreational equipment rentals, events, music and camps, as well as potential development of additional accommodations such as yurts or a custom home site on land across the river. These opportunities are conceptual and subject to verification and applicable approvals. The pro forma projects approx. $427,333 in potential annual gross revenue from RV sites, tent camping, residential/cabin rentals and potential event activity. After approx. $180,340 in projected operating expenses, the analysis indicates potential NOI of approximately $246,993, corresponding to a 7.60% capitalization rate at the $3,250,000 asking price. Importantly, these figures are pro forma projections rather than historical operating results, and several revenue assumptions-including events-are identified as potential and subject to verification. Drake Campground offers investors a combination of land, existing improvements, diversified hospitality revenue and value-add potential that is difficult to replicate.

Location

State CO

County Larimer

Area Estes Park

Zoning O

Rooms

Basement Crawl Space

Interior

Heating Forced Air, Baseboard, 2 or more Heat Sources

Cooling Ceiling Fan(s)

Exterior

Utilities Available Electricity Available, Propane, Wood/Coal, Propane Installed

View Y/N Yes

View Mountain(s)

Roof Type Composition,Shingle,Metal,Wood

Improvements No

Garage No

Building

Lot Description Wooded, Evergreen Trees, Deciduous Trees, Native Grass, Abuts Stream/Creek/River, River, River Front

Sewer Septic Tank

Water Well

Structure Type Frame,Stone,Log,Composition,Wood Siding,Wood Shingle

New Construction false

Schools

Elementary Schools Big Thompson

High Schools Thompson R2-J

School District Thompson R2-J

Others

Special Listing Condition Private Owner

Information and Real Estate Services (IRES)

Listed by Jerico Devlin

NEARBY SCHOOLS & PROPERTIES

Dewey Shanks

Agent License ID: IREP32281

+1(806) 681-3612

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Colorado

Dewey Shanks

1607 W US Highway 34 #Various Drake, CO 80515

Key Details

Location

Rooms

Interior

Exterior

Building

Schools

Others

NEARBY SCHOOLS & PROPERTIES

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1607 W US Highway 34 #Various