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Key Facts

Type Retail
Levels Commercial Sale
Size -
Garage No
HOA Fees 
Taxes $12,486
Days Active 101
Approx. Age 1888
MLS® Number 7863732

Property Address: 

Average square foot calculated using Size range provided by listing agent.

Description

REDEVELOPMENT OPPORTUNITY WITH CASH FLOW. Step into Colorado’s storied past—and its bright future—with the Breene Building, a magnificent 3-story landmark nestled in the very heart of downtown Leadville. Built in 1888 by former Colorado Lieutenant Governor Peter Breene, this historic treasure has stood the test of time, watching over generations of locals and travelers as Leadville transformed around it. Now, it’s ready for its next chapter—and you could be the one to write it. The main level is currently leased to the popular Scarlet Tavern, providing immediate cash flow, while the upper two floors have been nearly gutted—a blank canvas awaiting your vision. Transform the top stories into 7-8 residential units, tapping into the growing demand for downtown living in one of Colorado’s most charming mountain towns. Wander through the building and you’ll discover remnants of a grand past: a large historic skylight pouring light down the central staircase, period details waiting to be revealed and restored, and sweeping mountain views of Mt. Elbert and Mt. Massive that would stop any future resident in their tracks. Even better? This project qualifies for state and federal historic redevelopment tax credits, adding major value to your investment. A new roof, installed within the last 3 years, brings peace of mind as you bring this vision to life. There's also a fully finished apartment on the second floor that can be leased immediately for added revenue. The Breene Building isn’t just bricks and mortar—it’s a rare, tangible piece of Colorado’s history that offers the opportunity to create something both enduring and profitable. Whether you’re an investor, developer, or dreamer, this is your chance to revive a legacy and reshape Leadville’s skyline—all while building a vibrant future from a glorious past. Bar business and fixtures are not included in sale.Show Description
MLS® Number7863732
Locker
Ensuite LaundryNo
Balcony
Furnished
Laundry Level
Exposure
Exterior
GarageNo
Approx. Age1888
Stories
Pets
Corp Number

Included in Maintenance Fee

Heat
Hydro
Water
Building Insurance
Condo Taxes
Cable TV
Central Air
Parking Maintenance

Utilities

Heat
A/C
Heating Fuel

Extras

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