1515 Poplar St

1515 Poplar Street presents a compelling opportunity in the heart of Leadville, Colorado—a former motel now operated as a 13-unit apartment building on a well-positioned corner lot spanning over 13,547 square feet. Zoned B, the property offers exceptional flexibility for investors or developers seeking to capitalize on Leadville’s rapid residential growth. Located directly across from and adjacent to multiple new townhome and single-family developments, the site is ideally situated for continued multifamily use, hotel redevelopment, or a new construction project that leverages the area’s strong demand and favorable zoning. With its central location, mountain views, and immediate proximity to expanding neighborhoods, 1515 Poplar is a unique and strategic asset in one of Colorado’s most dynamic small-town markets. Built in 1964, the site consists of 3 buildings total—one housing 4 studio units and the other containing 9 studio units. The third freestanding building, previously used as the motel office, is currently unused but has electrical service in place (no water or plumbing).