Commercial Sale · Active

About This Property

Located in downtown Central City Colorado, The Knights Pythias building is a newly constructed 18 unit apartment

building that was built and completed in 2025. Built on top of the old Knights Pythias building this property boasts 18

unique apartments that blend new modern luxuries with old world charm. All units have brand new finishes, washer

and dryers in each unit, elevator access, outdoor decks, some historic windows and downtown Central City and

Mountain Views. There is free covered parking right across the street owned by the city. Gallup construction has

agreed to manage the building for a 5% fee. This is advantageous as Gallup is the developer/builder and knows the

building inside and out. The whole building is covered under a 1 year warranty. Additionally, one of the units is leased to

a maintenance guy who will work on any maintenance requests by the tenants and will receive a $250 a month break

in rent for doing so. This building will run very efficiently and cost effectively as there is virtually no common area, no

parking and very minimal sidewalks for snow removal. There is also roughly $550,000 of bonus depreciation that the

new buyer can benefit from under the new "Big Beautiful Bill" that was signed this year (talk to your accountant to

confirm this).

Property Details

Location

Based on information submitted to the MLS GRID as of October 22, 2026 at 3:27 PM MDT. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

Listing information last updated October 6, 2026 at 10:19 AM.