$699,000

Rare opportunity to own property in the heart of Lake City, one of Colorado’s beloved historic mountain towns. Located on Silver Street, the town’s main downtown thoroughfare, 324 Silver Street offers 2 bedrooms, 1 bath, and approximately 960 square feet of living space on a large lot. The property has been home to a successful title company for nearly 15 years and offers flexibility for residential, commercial, or live/work use. Excellent potential for a VRBO or other permitted short-term rental use. Recent improvements include new light wood-look LVT flooring throughout, quality interior and exterior paint, and a new HardieBoard front facade featuring Historic Society-approved architectural details around the windows, porches, and corbeled roofline. The covered entry and boardwalk have also been updated, with the boardwalk rebuilt from the ground up. The bathroom features a new vanity, fixtures, and lighting. The kitchen includes new appliances and opens to comfortable dining and living areas. An enclosed back porch provides additional flexible space. The property sits on approximately 5,000 square feet and includes a prime corner side lot with significant value and potential. The side lot may offer an opportunity to separate and sell, subject to applicable requirements, or explore potential development options such as a storefront or short-term rental. Buyer to verify all development, zoning, and permitted-use possibilities with the appropriate authorities. 324 Silver Street can be purchased with the property next door, 322 Silver Street, offering an exceptional opportunity to acquire additional property in downtown Lake City.