A Slice of the Wild West: Historic Old Town Square in Colorado Can Be Lassoed for $1.6M

Saddle up! Here’s your chance to claim a corner of Colorado’s storied cowboy culture.

The Old Town Square in Silverton is situated in an old mining town. The historic square is a tourist destination, and most of the attractions on it are included in the $1.6 million asking price.

“There is a train that runs from Durango to Silverton,” says listing agent Olivia Barrett, with Re/Max Pinnacle. “It’s a block away from where the train comes in, so there’s so much foot traffic.”

Arranged over nearly a quarter-acre of land and totaling 5,340 square feet are two existing businesses, three additional commercial rental spaces, a storage building, and two public restrooms.

The owners “have leased the buildings to artisans or anyone wanting to come in and sell their products,” Barrett says. “They’ve had all sorts of different types of businesses in there.”

The same family has owned and operated the square for more than 40 years. And now, they’re ready to retire.

The property includes the Emporium gift shop and Swanee’s Old Mine Sluice, where kids can mine for gems. There’s also an old-time photo studio with a colorful past: It was originally Silverton’s first bordello!

All inventory and equipment in the photo studio and Emporium are conveyed in the sale.

The buildings in Old Town Square date to around 1900 and were either built on site or moved from nearby towns. One of these structures includes the San Juan County Courthouse, which was relocated from Howardsville, CO; and the three commercial rental spaces originated in the mining ghost town of Eureka, CO. <Should this be two sentences?

Old West, new opportunity

The Emporium, built in 2005, has a two-bedroom furnished unit above it.

The residential space has been operating as a vacation rental, bringing in about $30,000 to $35,000 annually. It has one bathroom, a full kitchen, and a washer-dryer unit.

“There’s a different entrance that you can enter the single-family residence,” Barrett says. “It oversees Blair Street, which is a great location. There are great views of Kendall Mountain. It’s just a really neat, little spot.”

The next owner could choose to move here or continue to rent the place out. Or, perhaps a bit of both.

“If somebody is looking to escape their normal life in the city and they’re wanting to do something different, they really could move here and live in the unit and run the businesses,” Barrett says. “They could work all summer long and take winter off as they please.”

The post A Slice of the Wild West: Historic Old Town Square in Colorado Can Be Lassoed for $1.6M appeared first on Real Estate News & Insights | realtor.com®.