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124 N 3rd St - Telephone Building

7,378 SF Specialty Building Offered at $1,800,000 in Cripple Creek, CO 80813

INVESTMENT HIGHLIGHTS

  • EXCELLENT LOCATION IN THE CENTER OF CRIPPLE CREEK
  • VERY RECENT UPGRADES, AS NEW CONDITON IN APARTMENTS, FURNISHINGS TOP NOTCH AND INCLUDED
  • MIXED USE OF RESIDENTIAL, OFFICE, RETAIL AND STORAGE

EXECUTIVE SUMMARY

THIS IS A VERY UNIQUE PROPERTY, MIXED USE BUILDING IN THE GAMING ZONE, HUGE RETAIL OFFICE SPACE, WELL FINISHED FURNITURE AND EQUIPMENT INCLUDED, ART WORK NOT INCLUDED BUT SOME ITEMS MAY BE NEGOTIABLE. THERE IS A CONFERENCE ROOM AND THREE SEPARATE PRIVATE OFFICES. WELL DONE BATHROOM. APPEARS TO BE NEW, AND HAS NOT BEEN USED SINCE THE LAST REMODEL. 18 FOOT CEILINGS, SHOP AND STORAGE IN BASEMENT. PLEASE SEE PHOTOS. THERE IS A WONDERFUL VERY UPSCALE RECENTLY COMPLETE APARTMENT UPSTAIRS IN THE NEXT BUILDING SEGMENT, PLEASE SEE PHOTOS THIS APARTMENT IS ON THE SECOND FLOOR AND IS COMPLETED AND READY TO MOVE IN, FURNITURE AND APPLIANCES TOP OF THE LINE, AND INCLUDED. ARTWORK IS NEGOTIABLE PLEASE SEE PHOTOS. THERE IS ONE NEARLY FINSHED SHOP SPACE ON THE GROUND FLOOR BENEATH THE APARTMENT. THERE IS A NEARLY FINISHED APARTMENT ACCESIBLE THROUGH THE NEXT DOOR TO THE NORTH, AND TO THE NORTH OF THAT A WONDERFUL ONE BEDROOM EFFICIENCY APARTMENT WITH A GOOD SIZE BEDROOM AND COMBO LIVING/DINING/KITCHEN ROOM WITH CARPET IN HALF AND AND A TILE FLOOR IN THE KITCHEN AREA, PHOTOS COMING SOON. ADDITIONALLY, WEST OF THE CORNER APARTMENT IS A LARGE STORAGE AREA WITH SEPARATE ENTRANCE OFF OF CARR AVENUE. THE PROPERTY TO BE CONVEYED INCLUDES A SURFACE PARKING LOT NORTH OF CARR AVENUE IDENTIFIED AS TELLER PARCEL R0000459 IT IS .34 OF AN ACRE AND PROVIDES THE CRITICAL OFF STREET PARKING NEEDED FOR THE SHOPS, STORAGE AREAS, AND APARTMENTS IN THE BUILDING.

TAXES & OPERATING EXPENSES (ACTUAL - 2023) Click Here to Access

ANNUAL ANNUAL PER SF
Taxes $99,999 $9.99
Operating Expenses $99,999 $9.99

TAXES & OPERATING EXPENSES (ACTUAL - 2023) Click Here to Access

Taxes
Annual $99,999
Annual Per SF $9.99
Operating Expenses
Annual $99,999
Annual Per SF $9.99
Total Expenses
Annual $99,999
Annual Per SF $9.99

PROPERTY FACTS

Price $1,800,000
Price Per SF $243.97
Sale Type 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

AMENITIES

  • Energy Performance Rating - E

PROPERTY TAXES

PROPERTY TAXES

Parcel Numbers
Multiple
  • R0000480
  • R0000627
Land Assessment
$29,470
Improvements Assessment
$21,630
Total Assessment
$51,100
Annual Taxes
($7,378) (($1.00)/SF)
Tax Year
2023 Payable 2024

ZONING

Zoning Code BUSINESS (BUSINESS HISTORIC FOR THE BUILDING, ALSO IN THE GAMING ZONE. PARKING LOT IS BUSINESS BUFFER HISTORIC)
BUSINESS (BUSINESS HISTORIC FOR THE BUILDING, ALSO IN THE GAMING ZONE. PARKING LOT IS BUSINESS BUFFER HISTORIC)
  • Listing ID: 32905969

  • Date on Market: 8/21/2024

  • Last Updated:

  • Address: 124 N 3rd St, Cripple Creek, CO 80813

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