124 N 3rd St - Specialty FOR SALE


Cripple Creek, CO 80813
$1,800,000 USD
719-641-6912
124 N 3rd St, Cripple Creek, CO for Sale
$1,800,000 USD
Specialty - FOR SALE
1/42
null | Request Cap Rate

124 N 3rd St
Cripple Creek, CO 80813


HIGHLIGHTS

  • Prime Gaming Zone location with strong foot traffic
  • Multiple income streams: retail, office, and residential
  • Newly remodeled interiors with upscale finishes

OVERVIEW

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.

FOR SALE DETAILS

PRICE

$1,800,000 USD

PRICE/SF

$244 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

-

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY NAME

Telephone Building

PROPERTY TYPE

Specialty

TOTAL BUILDING SIZE

-

STORIES

2

BUILDING CLASS

C

YEAR BUILT

1899

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.19 AC

LAND SF

8,276 SF

ZONING

BUSINESS

APN/PARCEL ID

R0000480

ASK ABOUT THIS PROPERTY

Reed GraingerGrainger Realty, LLCMore Info
719-641-6912

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Reed GraingerGrainger Realty, LLCMore Info
719-641-6912

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.