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Commercial real estate boom explodes in downtown Steamboat

by capitalizefinancial
May 5, 2021
in Sports
0
Commercial real estate boom explodes in downtown Steamboat

The residential real estate market in Steamboat Springs exploded in the months after the pandemic began, and now, investors are bringing that same level of interest to main street.

“I think just about everything is up for grabs in Steamboat,” said Cindy Hayek, who recently sold her building at 822 Lincoln Ave., where her business, Gigi’s Closet, has been located for the past five years. “The real estate market certainly made me change my concept. You just need to be flexible — that is part of being a business owner.”

Hayek said a friend of hers, who is a Realtor in Steamboat Springs, came to her with an offer in January and told her there was no commercial inventory in downtown Steamboat. The building was not on the market, but Hayek eventually accepted the offer and moved the inventory from Gigi’s across the street to Celebrations at 831 Lincoln Ave., another building Hayek owns.

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