Breckenridge began as a mining town in the early 1800s. Though it still remains a relatively small city with a population of only 2,000, today Breckenridge is known nationwide for its ski resorts and summer activities.
Breckenridge is a popular ski-resort, but this town can offer so much more than snow-filled slopes. Like any tourist town, there are many opportunities to make money—or spend money, depending on what you do. Learn more about Breckenridge commercial real estate and find out how you can turn a tourist’s pleasure into profit.
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| Population 2,408 | Median Age 29.4 yrs | Household Size: 2.16 |
| Avg Commute: 10.1 min | Avg Income $43,938 | Avg Home Value: $580,100 |
| July High: 70.7°F | January Low: 0.5°F | |
Breckenridge Real Estate
You don’t have to own a ski-resort to make money in Breckenridge. Commercial real estate in this town provides you with a foundation for any profitable business. This includes restaurants, resorts or shops to sell ski gear. Before you can start a successful business, you need to know what the people want. In Breckenridge, this solution seems all too easy: tourists come here to ski. But if you look beyond the pristine slopes, you will see that this town has much more to offer tourists.
In Breckenridge, the beauty of nature is always a main attraction. Skiing and ice skating are popular activities in the winter, but what happens when that snow and ice begins to melt? Many residents say that they came for the skiing, but stayed for the summers. After all the ice and snow begins to melt, the town comes alive with several activities.
In the summer, tourists can enjoy music and art festivals, enjoy the outdoors or shop for small-town treasures. When you recognize why tourists visit this town, you can use these natural attractions to your advantage.
If you want to build your business from the ground up, the average price of land is $309,000. Commercial real estate covers many different types of property, so the cost of buying vacant lots or buildings will vary. Like homes, you can look through a Multiple Listing Service (MLS) online and find out what is available. You can also look through the real estate classifieds section of a local newspaper or ask a real estate agent who specializes in commercial properties.
Before you actually purchase any Breckenridge commercial real estate, you should hire a real estate attorney to advise you on the legal implications of such a purchase. These lawyers will also make sure you know as much as possible about the property before you buy it. Not all commercial properties may work for your business, so you will need to know whether the building will suit your needs. If you have to renovate a building, you want to ensure that zoning laws allow you to make these changes.
Points to Consider
If you plan to start a business that is geared specifically towards tourists, winter is naturally the peak season. Plan ahead and purchase Brackenridge commercial real estate before the peak season starts. That way, you will be able to make the most of your investment.
In cities such as Vail, new construction costs $1,000 per square foot. Fortunately, Breckenridge still offers much more affordable rates. Here, it only costs $200 to $400 per square foot. Commercial real estate in Breckenridge offers you all the benefits of fine mountain living with the value that is found in cities like Vail. Now that you know more about this beautiful town, take advantage of these benefits today.
By: Kimberly A. Zanini
A REALTOR® is a real estate professional who is a member of the National Association of REALTORS®