1601 US Highway 34 Drake, CO $ 1,550,000
1601 US Highway 34
$ 1,550,000
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1601 US Highway 34

Drake, CO, 80515
$ 1,550,000
Bedrooms-- Baths-- Sq 8,963

Monthly Estimate*

$ 9,670

Listed by Keller Williams DTC
1601 US Highway 34, Drake, CO 80515 - Image 1
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Commercial Property for sale in Drake, CO

for $1,550,000. This 8,963 square foot building was built in 1901 on a lot size of 22.61.

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.

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Commercial Pending

Price

$ 1,550,000

Property Type

Commercial

Taxes

$ 22,949

Style

Mountain Contemporary

Lot Size

22.61

Year Built

1901

Town/City

Drake

County/Region

Larimer

MLS | Web ID

5591637

Features
General
Sewer Septic Tank
Utilities Electricity Connected Phone Connected Propane Sewer Connected
Possession Negotiable
Roof Composition
Zoning O
Garage Spaces 0
Architectural Style Mountain Contemporary
Security Features Carbon Monoxide Detector(s) Smoke Detector(s)
Construction Materials Frame Wood Siding
Exclusions Antler Light Fixture in entry it is part of a set Owner will replace with similar.
Year Built 1901
Electric 110V 220 Volts
Stories Count 2
Property Subtype Special Purpose
Tax Year 2024
Current Use Recreational Residential Restaurant
Gross Income 304667
Building Name River Forks Inn
County Larimer
Operating Expense 187497
Property Type Commercial Sale
Attached Garage N
Contingency None Known
Building Features On Site Management
Status Pending
Directions 20 minutes from Estes Park and 20 minutes to Loveland on Highway 34 and minutes to Glen Haven on Highway 43
City Drake
Number Of Units Total 25
Lot Size Units Acres
Lot Size Square Feet 984891.6
Carport Spaces 0
Listing Terms Cash Conventional
Tax Annual Amount 22949
Lease Considered Y/N N
Structure Type Free Standing
Standard Status Active Under Contract
Cap Rate 7.5
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Exterior
Water Source Well
Total Parking 32
Lot Size Area 22.61
Building Area Total 8963
Lot Size Acres 22.61
Road Surface Type Gravel
Road Frontage Type Public
Road Responsibility Private Maintained Road
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Internal Only
Street Number 1 1601
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* Excluded Features
List By
Keller Williams Dtc

Broker

(303) 919-5993

Phone

Affordability Calculator

$11,582
Per Month
83%
17%
0%
Monthly Principal & Interest
$9,670
Monthly Property Taxes
$1,912
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
242254 Elementary School
242425 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
7/6/2025$1,550,000 Listed Price

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1601 US Highway 34, Drake, CO, 80515 is a Commercial Property for sale at $1,550,000 with 8,963 sqft and a lot size of 22.61. 1601 US Highway 34 was built in 1901. The property's zip code is 80515 which is in Drake, CO