The Gold Room 18 S Nevada Ave Local commercial 3 066 m² À vendre Colorado Springs, CO 80903 3 518 291 € (1 147,59 €/m²)

The Golden Opportunity
The Gold Room is a ±33,000 SF historic commercial landmark located in the heart of Downtown Colorado Springs. Ownership is offering a highly flexible acquisition structure designed to accommodate a wide range of investment strategies.
Whether acquiring the entire property, the turnkey East Building, or the value-add West Building, buyers have the opportunity to invest in one of downtown’s most recognizable assets.
Three Acquisition Opportunities
Option 1 | Entire Building
±33,000 SF | Offered at $6,900,000
Acquire the entire landmark and control one of Downtown Colorado Springs’ most iconic mixed-use opportunities. The property includes significant completed renovations, a recently completed speakeasy, rooftop entertainment space, commercial kitchen infrastructure, and approximately half of the building available for future redevelopment or expansion.
Ownership is also open to executing a long-term lease for the existing built-out space, providing flexibility for investors seeking immediate income potential while preserving future redevelopment opportunities.
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Option 2 | East Building – Turnkey Hospitality Opportunity
Approx. 18,000 SF | $227/SF | Offered at $4,086,000
The East Building contains the property’s completed hospitality and entertainment components, including:
* Iconic Gold Room & mezzanine
* Recently completed speakeasy
* Commercial kitchen infrastructure
* Rooftop entertainment area
* Alley entrance activation
* Outdoor seating opportunities (subject to City approvals and revocable permits)
* Multi-million-dollar completed renovations
* Potential transfer of existing liquor license, including expansion into the basement (subject to regulatory approval)
This offering presents immediate operational potential with a significantly reduced timeline to opening.

Option 3 | West Building – Value-Add Redevelopment Opportunity
Approx. 15,000 SF | $155/SF | Offered at $2,325,000
The West Building offers an attractive lower basis while preserving exceptional redevelopment flexibility.
Highlights include:
* Direct adjacency to AdAmAn Alley
* Walkability to both Tejon Street and Nevada Avenue
* Surrounded by established restaurants, retail, and entertainment venues
* Historic character with flexible floor plates
* Well suited for hospitality, entertainment, creative office, wellness, or mixed-use concepts
For visionary operators and developers, the West Building provides an opportunity to create a destination while benefiting from the continued momentum of Downtown Colorado Springs.

Flexible Acquisition Structure
Ownership is committed to working with qualified buyers to create a transaction structure that aligns with their investment objectives.
Seller Financing
Ownership is willing to carry the balance above existing debt payoff and transaction costs, creating a flexible acquisition structure for qualified purchasers.
Transaction Framework
* Offering Price (Entire Building): $6,900,000
* Existing Debt Payoff: Approximately $4,700,000
* Broker Compensation: 5% of the purchase price
* Seller Carry: Balance above debt payoff and transaction costs
General Seller Financing Terms
* Interest Rate: Approximately 6%
* Term: Negotiable (5–10 years)
* Down Payment: Negotiable
* Prepayment: No penalty
Offer Considerations
Ownership will consider:
* All-cash offers
* Conventional financing
* Structured acquisitions utilizing seller financing
* Acquisition of the entire building or either condominium opportunity, subject to completion of the condominium process
Seller financing is intended to provide buyers with additional flexibility in capital structure while supporting long-term ownership objectives.

One Landmark. Three Acquisition Opportunities.
Whether your vision is to own the entire landmark, launch an immediately operational hospitality venue, or create a one-of-a-kind redevelopment project, The Gold Room now offers acquisition flexibility rarely available for an asset of this scale and prominence in Downtown Colorado Springs.