124 N 3rd St - Office FOR SALE


Cripple Creek, CO 80813
$1,200,000 USD
719-689-8014
124 N 3rd St, Cripple Creek, CO for Sale
$1,200,000 USD
Office - FOR SALE
1/38
null | Request Cap Rate

124 N 3rd St
Cripple Creek, CO 80813


HIGHLIGHTS

  • Mixed-use building, in Cripple Creek’s Gaming District, featuring retail, office, and residential space with strong income potential.
  • Newly remodeled building with 18-foot ceilings, three private offices, a conference room, a luxury apartment, and modern finishes throughout.
  • Includes basement shop and storage space, additional unfinished commercial suites, and a separate 0.34-acre parking lot for tenants.
  • Historic 1900 structure with preserved architectural character, radiant heat, easy Highway 67 access, and occupancy-ready space.

OVERVIEW

Discover an exceptional investment opportunity in the heart of the Gaming Zone at 124 N 3rd Street, 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. Additional basement storage/shop space adds 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. The building was originally constructed around 1900 and retains significant architectural details typical of commercial properties of that era. Primary heat is radiant, but the piping has been routed to the original radiators, which helps retain the interior's historic character. The heat source runs on propane, and the propane tanks are included. It could easily be converted to natural gas. There is a finished retail space with direct access from Third Street, and two other potential retail or shop spaces that are not finished. The property is being sold as is; buyer brokers are welcome, and compensation can be discussed in private. 124 N 3rd Street 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

$1,200,000 USD

PRICE/SF

$163 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY NAME

Telephone Building

PROPERTY TYPE

Office

TOTAL BUILDING SIZE

-

STORIES

3

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
719-689-8014

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

Reed GraingerGrainger Realty, LLCMore Info
719-689-8014

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