# 1607 W US Highway 34 #Various, Drake, CO 80515 > **TL;DR:** commercial, $3,250,000, built 1900. Est. $17,382/mo. Listed 31 days. ## Property at a Glance | Attribute | Value | |-----------|-------| | Price | $3,250,000 | | Year Built | 1900 | | Lot Size | 1,564,240 sqft (35.91 acres) | | Property Type | Commercial (Other) | | Status | Active | | Days on Market | 31 | ## Estimated Monthly Costs | Category | Amount | |----------|--------| | Principal & Interest (20% down, 30-year at 6.5%) | $16,434 | | Estimated Insurance | $948 | | **Total** | **$17,382** | ## Nearby Schools - **Elementary:** Big Thompson - **High:** Thompson Valley ## Property Highlights - Built in 1900 - 35.91 acre lot ## Description ### Agent Description Drake Campground presents a rare opportunity to acquire approx. 36 acres of riverfront property along the US Hwy 34 corridor in the heart of Northern Colorado's mountain recreation market. The property combines an established campground operation with multiple residential structures, rustic cabins, a potential commercial/campstore building, RV accommodations and tent camping, creating a diverse platform for both immediate operations and future repositioning. Compelling base for a destination campground, outdoor recreation resort, retreat venue or expanded hospitality concept. In addition to the existing campground and lodging operations, the property offers potential upside through a country store, recreational equipment rentals, events, music and camps, as well as potential development of additional accommodations such as yurts or a custom home site on land across the river. These opportunities are conceptual and subject to verification and applicable approvals. The pro forma projects approx. $427,333 in potential annual gross revenue from RV sites, tent camping, residential/cabin rentals and potential event activity. After approx. $180,340 in projected operating expenses, the analysis indicates potential NOI of approximately $246,993, corresponding to a 7.60% capitalization rate at the $3,250,000 asking price. Importantly, these figures are pro forma projections rather than historical operating results, and several revenue assumptions-including events-are identified as potential and subject to verification. Drake Campground offers investors a combination of land, existing improvements, diversified hospitality revenue and value-add potential that is difficult to replicate. ## Location - **Address:** 1607 W US Highway 34 #Various, Drake, CO 80515 - **County:** Larimer - **Coordinates:** 40.432628, -105.340076 - **Google Maps:** https://www.google.com/maps?q=40.432628,-105.340076 ## Listing Agent - **Name:** Jerico Devlin - **Brokerage:** LC Real Estate Group, LLC - **Phone:** 9704131182 - **Broker Phone:** (970) 402-6432 - **Listing URL:** [View original listing](http://www.coloproperty.com/ires/1069115) ## Photos ![1607 W US Highway 34 #Various - Photo 1](http://lh.rdcpix.com/f44ec63b8718c07dbec1c824ea384c0fl-f2860773762r.jpg) ![1607 W US Highway 34 #Various - Photo 2](http://lh.rdcpix.com/f44ec63b8718c07dbec1c824ea384c0fl-f3884723244r.jpg) ![1607 W US Highway 34 #Various - Photo 3](http://lh.rdcpix.com/f44ec63b8718c07dbec1c824ea384c0fl-f2933384838r.jpg) ![1607 W US Highway 34 #Various - Photo 4](http://lh.rdcpix.com/f44ec63b8718c07dbec1c824ea384c0fl-f2066725329r.jpg) ![1607 W US Highway 34 #Various - Photo 5](http://lh.rdcpix.com/f44ec63b8718c07dbec1c824ea384c0fl-f944159923r.jpg) ![1607 W US Highway 34 #Various - Photo 6](http://lh.rdcpix.com/f44ec63b8718c07dbec1c824ea384c0fl-f2179816236r.jpg) ![1607 W US Highway 34 #Various - Photo 7](http://lh.rdcpix.com/f44ec63b8718c07dbec1c824ea384c0fl-f4257632095r.jpg) ![1607 W US Highway 34 #Various - Photo 8](http://lh.rdcpix.com/f44ec63b8718c07dbec1c824ea384c0fl-f2593956591r.jpg) ![1607 W US Highway 34 #Various - Photo 9](http://lh.rdcpix.com/f44ec63b8718c07dbec1c824ea384c0fl-f2306921864r.jpg) ![1607 W US Highway 34 #Various - Photo 10](http://lh.rdcpix.com/f44ec63b8718c07dbec1c824ea384c0fl-f551110414r.jpg) ![1607 W US Highway 34 #Various - Photo 11](http://lh.rdcpix.com/f44ec63b8718c07dbec1c824ea384c0fl-f1241297633r.jpg) ![1607 W US Highway 34 #Various - Photo 12](http://lh.rdcpix.com/f44ec63b8718c07dbec1c824ea384c0fl-f2279122315r.jpg) ![1607 W US Highway 34 #Various - Photo 13](http://lh.rdcpix.com/f44ec63b8718c07dbec1c824ea384c0fl-f3707577456r.jpg) ![1607 W US Highway 34 #Various - Photo 14](http://lh.rdcpix.com/f44ec63b8718c07dbec1c824ea384c0fl-f166631535r.jpg) ![1607 W US Highway 34 #Various - Photo 15](http://lh.rdcpix.com/f44ec63b8718c07dbec1c824ea384c0fl-f3556402399r.jpg) ![1607 W US Highway 34 #Various - Photo 16](http://lh.rdcpix.com/f44ec63b8718c07dbec1c824ea384c0fl-f15477451r.jpg) ![1607 W US Highway 34 #Various - Photo 17](http://lh.rdcpix.com/f44ec63b8718c07dbec1c824ea384c0fl-f2281311049r.jpg) ![1607 W US Highway 34 #Various - Photo 18](http://lh.rdcpix.com/f44ec63b8718c07dbec1c824ea384c0fl-f3601065311r.jpg) ![1607 W US Highway 34 #Various - Photo 19](http://lh.rdcpix.com/f44ec63b8718c07dbec1c824ea384c0fl-f3156458635r.jpg) ![1607 W US Highway 34 #Various - Photo 20](http://lh.rdcpix.com/f44ec63b8718c07dbec1c824ea384c0fl-f4199482586r.jpg) ![1607 W US Highway 34 #Various - Photo 21](http://lh.rdcpix.com/f44ec63b8718c07dbec1c824ea384c0fl-f3177140683r.jpg) ![1607 W US Highway 34 #Various - Photo 22](http://lh.rdcpix.com/f44ec63b8718c07dbec1c824ea384c0fl-f284038148r.jpg) ![1607 W US Highway 34 #Various - Photo 23](http://lh.rdcpix.com/f44ec63b8718c07dbec1c824ea384c0fl-f2897696086r.jpg) ![1607 W US Highway 34 #Various - Photo 24](http://lh.rdcpix.com/f44ec63b8718c07dbec1c824ea384c0fl-f1914931071r.jpg) ![1607 W US Highway 34 #Various - Photo 25](http://lh.rdcpix.com/f44ec63b8718c07dbec1c824ea384c0fl-f3434525038r.jpg) ![1607 W US Highway 34 #Various - Photo 26](http://lh.rdcpix.com/f44ec63b8718c07dbec1c824ea384c0fl-f795076831r.jpg) ![1607 W US Highway 34 #Various - Photo 27](http://lh.rdcpix.com/f44ec63b8718c07dbec1c824ea384c0fl-f2599627412r.jpg) ![1607 W US Highway 34 #Various - Photo 28](http://lh.rdcpix.com/f44ec63b8718c07dbec1c824ea384c0fl-f677166778r.jpg) ![1607 W US Highway 34 #Various - Photo 29](http://lh.rdcpix.com/f44ec63b8718c07dbec1c824ea384c0fl-f966017255r.jpg) ![1607 W US Highway 34 #Various - Photo 30](http://lh.rdcpix.com/f44ec63b8718c07dbec1c824ea384c0fl-f2800890007r.jpg) ![1607 W US Highway 34 #Various - Photo 31](http://lh.rdcpix.com/f44ec63b8718c07dbec1c824ea384c0fl-f3141151319r.jpg) --- **MLS#:** 1069115 | **Updated:** 2026-09-21 **Source:** listhub *Copyright © 2026 IRES MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.* [View on PropertySimple](https://www.propertysimple.ai/listing/1607-w-us-highway-34-drake-co-80515-1069115) --- ## Structured Data ```json { "@context": "https://schema.org", "@type": "RealEstateListing", "@id": "https://www.propertysimple.ai/listing/1607-w-us-highway-34-drake-co-80515-1069115#listing", "url": "https://www.propertysimple.ai/listing/1607-w-us-highway-34-drake-co-80515-1069115", "name": "1607 W US Highway 34 #Various, Drake, CO 80515", "description": "Drake Campground presents a rare opportunity to acquire approx. 36 acres of riverfront property along the US Hwy 34 corridor in the heart of Northern Colorado's mountain recreation market. The property combines an established campground operation with multiple residential structures, rustic cabins, a potential commercial/campstore building, RV accommodations and tent camping, creating a diverse platform for both immediate operations and future repositioning. Compelling base for a destination campground, outdoor recreation resort, retreat venue or expanded hospitality concept. In addition to the existing campground and lodging operations, the property offers potential upside through a country store, recreational equipment rentals, events, music and camps, as well as potential development of additional accommodations such as yurts or a custom home site on land across the river. These opportunities are conceptual and subject to verification and applicable approvals. The pro forma projects approx. $427,333 in potential annual gross revenue from RV sites, tent camping, residential/cabin rentals and potential event activity. After approx. $180,340 in projected operating expenses, the analysis indicates potential NOI of approximately $246,993, corresponding to a 7.60% capitalization rate at the $3,250,000 asking price. Importantly, these figures are pro forma projections rather than historical operating results, and several revenue assumptions-including events-are identified as potential and subject to verification. 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