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Colorado Investment Properties |
The Nitro Club Casino
112 Lawrence St.
Central City, Colorado 80427
Great Colorado Investment Properties For Sale or Business Opportunities
Approximately 7,900 sq.ft. Casino building on 5 Floors. 95% on first 3 Floors!!!!
Priced at only $995,000.00 Reduced from $1,600,000.00 for quick SALE!!!
Located in the historic gold mining town of Central City, Colorado, just 25 minutes from Denver, Colorado, this investment property is a virtual gold mine. Click on the Central City link above for more information on Central City, Colorado.
Zoned Commercial, this property also includes Casino use, retail, bar, restaurant and more. This property is currently empty except for bar and restaurant equipment. Was originally a brothel built in the mid 1800's, but in 1992 with the advent of gaming in Central City, Blackhawk and Cripple Creek in Colorado, the building was demolished except for the face on the front of the building, and a new casino was built.
The original Nitro Club Casino was only open for approximately 6 months, and closed by the Colorado Gaming Commission for financial improprieties. Due to the lack of available parking in town as well as the only access to Central City was through Blackhawk, the town's casinos took a back seat to the casino's in Blackhawk (the bordering sister town) for the past 10 years, with only six casinos surviving until now.
With the completion of the new Central City Parkway from I-70 to Central City (By-passing Blackhawk), the town is experiencing new growth, including the new 45,000 sq.ft. Century Casino across the street, along with 500 covered parking spaces. The current casinos are experiencing over 50% increased revenues and more expected as more casinos are expected to open.
The Nitro Casino is directly across the street from the 500 Free Parking Spaces and the Century Casino, making it the most attractive pieces of commercial real estate in Central City at a very affordable price. As you will see this property is well below the other casino property square foot price. In most cased nearly half the price. Priced for quick CASH SALE!!!!
The building is practically still new, and ready for it's new owners to cash in on the growth and expansion efforts on the part of the city and business owners.
Main Street in Central City, Colorado
Front of Nitro Club (50 ft. from Main St.)
5th Floor Apartment or Office
(Has Entry both from inside stairwell and street behind building)
Inside 5th Floor Apartment (Living Room)
Email with any questions at jamoryf@yahoo.com
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