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124 N 3rd St - Telephone Building 7,378 SF Specialty Building Offered at $2,512,656 CAD in Cripple Creek, CO 80813
INVESTMENT HIGHLIGHTS
- Prime Gaming Zone location with strong foot traffic
- Newly remodeled interiors with upscale finishes
- Multiple income streams: retail, office, and residential
EXECUTIVE SUMMARY
Discover an exceptional investment opportunity in the heart of the Gaming Zone—a newly remodeled mixed-use building offering unmatched versatility and upscale finishes. This property combines expansive retail and office space with premium residential units, creating a dynamic environment for both business and lifestyle. The main level features a large retail/office area with 18-foot ceilings, a conference room, and three private offices, all complemented by high-quality furniture and equipment. A well-appointed bathroom and basement storage/shop space add functionality.
Upstairs, a luxurious apartment is fully completed and move-in ready, boasting top-of-the-line furniture and appliances. Additional residential options include a nearly finished apartment and a one-bedroom efficiency unit with a smart layout and modern finishes. The property also includes a large storage area with a separate entrance and a valuable surface parking lot (.34 acres) north of Carr Avenue, ensuring convenient off-street parking for tenants and visitors.
This asset offers strong potential for income generation through retail, office, and residential leasing, supported by its prime location and recent renovations. Ideal for investors seeking a turnkey property with multiple revenue streams.
Upstairs, a luxurious apartment is fully completed and move-in ready, boasting top-of-the-line furniture and appliances. Additional residential options include a nearly finished apartment and a one-bedroom efficiency unit with a smart layout and modern finishes. The property also includes a large storage area with a separate entrance and a valuable surface parking lot (.34 acres) north of Carr Avenue, ensuring convenient off-street parking for tenants and visitors.
This asset offers strong potential for income generation through retail, office, and residential leasing, supported by its prime location and recent renovations. Ideal for investors seeking a turnkey property with multiple revenue streams.
FINANCIAL SUMMARY (ACTUAL - 2023) Click Here to Access |
ANNUAL (CAD) | ANNUAL PER SF (CAD) |
|---|---|---|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
FINANCIAL SUMMARY (ACTUAL - 2023) Click Here to Access
| Taxes (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
PROPERTY FACTS
| Price | $2,512,656 CAD | Lot Size | 0.19 AC |
| Price Per SF | $340.56 CAD | Building Size | 7,378 SF |
| Sale Type | Investment or Owner User | No. Stories | 2 |
| Property Type | Specialty | Year Built/Renovated | 1899/2023 |
| Building Class | C | ||
| Zoning | BUSINESS - BUSINESS HISTORIC FOR THE BUILDING, ALSO IN THE GAMING ZONE. PARKING LOT IS BUSINESS BUFFER HISTORIC | ||
| Price | $2,512,656 CAD |
| Price Per SF | $340.56 CAD |
| Sale Type | Investment or Owner User |
| Property Type | Specialty |
| Building Class | C |
| Lot Size | 0.19 AC |
| Building Size | 7,378 SF |
| No. Stories | 2 |
| Year Built/Renovated | 1899/2023 |
| Zoning | BUSINESS - BUSINESS HISTORIC FOR THE BUILDING, ALSO IN THE GAMING ZONE. PARKING LOT IS BUSINESS BUFFER HISTORIC |
AMENITIES
- Energy Performance Rating - E
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PROPERTY TAXES
| Parcel Number | R0000480 | Total Assessment | $33,817 CAD (2024) |
| Land Assessment | $30,342 CAD (2024) | Annual Taxes | -$7,378 CAD (-$1.00 CAD/SF) |
| Improvements Assessment | $3,474 CAD (2024) | Tax Year | 2023 Payable 2024 |
PROPERTY TAXES
Parcel Number
R0000480
Land Assessment
$30,342 CAD (2024)
Improvements Assessment
$3,474 CAD (2024)
Total Assessment
$33,817 CAD (2024)
Annual Taxes
-$7,378 CAD (-$1.00 CAD/SF)
Tax Year
2023 Payable 2024
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Presented by
Grainger Realty, LLC
124 N 3rd St - Telephone Building
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