120 S 3rd St
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120 S 3rd St
3,025 SF 100% Leased Flex Building Victor, CO 80860 $589,000 ($195/SF) 5% Cap Rate
Executive Summary
This late 1800s remodeled ranch-style building's current use is 50% commercial & 50% residential. Owner is currently renting out the 50% residential in the back as a short-term rental, the 50% commercial is currently a real estate office. There are 2 bedrooms & 1 non-conforming bedroom, and 3 bathrooms. Fenced backyard is complete with stamped concrete & artificial grass so there is no maintenance! This building has 5 spaces of off-street alley parking (also has 220V for RV parking in back). Victor is surrounded by many outdoor & indoor activities! In the warmer months there are many hiking trails in the area, fishing & boating at Skagway Reservoir and other nearby lakes, ATVing (Victor is an ATV friendly town and Teller County has over 500 miles of atv trails!), and hunting. Victor was founded in 1891 and is full of historic charm to check out including many old mines and mills that can be viewed by car or on hiking trails. In the fall you do not want to miss all the beautiful trees changing colors! In the wintertime you can go to the ice rink which is just minutes away (free of charge)! You can also go ice fishing at Skagway Reservoir. There are many museums, shops and restaurants near Victor. Just five miles away you will find Cripple Creek – well known for its casinos! Cripple Creek also has many restaurants, shops, a gas station, a grocery store (Venture Foods) and a Family Dollar. If you are looking for more adventures Victor is not far from the Manitou Incline, river rafting, the Royal Gorge Bridge, Manitou Cliff Dwellings, Garden of the Gods, Pikes Peak and many more of Colorado’s wonders & attractions! Victor is 1 hour and 15 minutes from the Colorado Springs Airport, 40 minutes from Woodland Park, 55 minutes from Manitou Springs and Santa’s Workshop (North Pole), 2 hours from Denver, and approximately 2 and a half hours from either Monarch Ski Mountain or Ski Cooper in Leadville!
Data Room Click Here to Access
- Operating and Financials
Property Facts
| Price | $589,000 | Building Class | B |
| Price Per SF | $195 | Lot Size | 0.14 AC |
| Sale Type | Investment or Owner User | Rentable Building Area | 3,025 SF |
| Cap Rate | 5% | No. Stories | 1 |
| Property Type | Flex | Year Built | 1899 |
| Price | $589,000 |
| Price Per SF | $195 |
| Sale Type | Investment or Owner User |
| Cap Rate | 5% |
| Property Type | Flex |
| Building Class | B |
| Lot Size | 0.14 AC |
| Rentable Building Area | 3,025 SF |
| No. Stories | 1 |
| Year Built | 1899 |
Amenities
- Courtyard
- Fenced Lot
- Storage Space
- Smoke Detector
Utilities
- Lighting
- Gas
- Water
- Sewer
- Heating
PROPERTY TAXES
| Parcel Number | R0051212 | Improvements Assessment | $10,530 |
| Land Assessment | $4,430 | Total Assessment | $14,960 |
PROPERTY TAXES
Parcel Number
R0051212
Land Assessment
$4,430
Improvements Assessment
$10,530
Total Assessment
$14,960
zoning
| Zoning Code | VIC (VIC) |
| VIC (VIC) |
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120 S 3rd St
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