101 Gregory Street Central City, CO $ 5,800,000
101 Gregory Street
$ 5,800,000
New Construction
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101 Gregory Street

Central City, CO, 80427
$ 5,800,000
Bedrooms-- Baths-- Sq 13,454

Monthly Estimate*

$ 36,184

Listed by MODUS Real Estate
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Commercial Property for sale in Central City, CO

for $5,800,000. This 13,454 square foot building was built in 2025.

Located in downtown Central City Colorado, The Knights Pythias building is a newly constructed 18 unit apartment building that was built and completed in 2025. Built on top of the old Knights Pythias building this property boasts 18 unique apartments that blend new modern luxuries with old world charm. All units have brand new finishes, washer and dryers in each unit, elevator access, outdoor decks, some historic windows and downtown Central City and Mountain Views. There is free covered parking right across the street owned by the city. Gallup construction has agreed to manage the building for a 5% fee. This is advantageous as Gallup is the developer/builder and knows the building inside and out. The whole building is covered under a 1 year warranty. Additionally, one of the units is leased to a maintenance guy who will work on any maintenance requests by the tenants and will receive a $250 a month break in rent for doing so. This building will run very efficiently and cost effectively as there is virtually no common area, no parking and very minimal sidewalks for snow removal. There is also roughly $550,000 of bonus depreciation that the new buyer can benefit from under the new "Big Beautiful Bill" that was signed this year (talk to your accountant to confirm this).

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Commercial Active

Price

$ 5,800,000

Property Type

Commercial

Taxes

$ 2,354

Style

Mountain Contemporary

Year Built

2025

Town/City

Central City

County/Region

Gilpin

MLS | Web ID

6899109

Features
General
Sewer Public Sewer
Utilities Electricity Connected Sewer Connected
Roof Membrane
Garage Spaces 1
Architectural Style Mountain Contemporary
Security Features Fire Alarm Fire Sprinkler System Firewall(s) Key Card Entry Security Entrance Smart Cameras Smoke Detector(s)
Construction Materials Metal Siding
Exclusions tenants personal belongings.
Year Built 2025
Stories Count 4
Property Subtype Multi Family
Tax Year 2024
Current Use Multi-Family
Gross Income 440400
Building Name Knights Of Pythias Building
County Gilpin
Operating Expense 118500
Property Type Commercial Sale
Attached Garage N
Status Active
Directions maps
City Central City
Number Of Units Total 18
Carport Spaces 0
Listing Terms Cash Conventional
Tax Annual Amount 2354
Structure Type Mid Rise (4-7)
Standard Status Active
Cap Rate 5.7
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Exterior
Lot Features Near Public Transit
Water Source Public
Total Parking 1
Building Area Total 13454
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Internal Only
Street Number 1 101
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* Excluded Features
List By
Modus Real Estate

Broker

(303) 909-2900

Phone

Affordability Calculator

$36,381
Per Month
99%
1%
0%
Monthly Principal & Interest
$36,184
Monthly Property Taxes
$196
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
10/24/2025$5,800,000 Listed Price

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101 Gregory Street, Central City, CO, 80427 is a Commercial Property for sale at $5,800,000 with 13,454 sqft. 101 Gregory Street was built in 2025. The property's zip code is 80427 which is in Central City, CO