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
1/42
null | Request Cap Rate

124 N 3rd St
Cripple Creek, CO 80813


HIGHLIGHTS

  • Prime Gaming Zone location with strong foot traffic and a surface parking lot is included
  • Multiple income streams: retail, office, and 2 finished residential apartments
  • Newly remodeled interiors with upscale finishes, newly remodeled storage area, multiple offices on main floor, shop and storage area in basement

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 valuable surface parking lot (.34 acres) north of Carr Avenue, ensuring convenient off-street parking for tenants and visitors. The building was originally consttructed around 1900 and retains the significant architectural detail common to commercial properties in that era. Primary heat radiant, but the piping has been run int orginal radiators which helps retain interior historic nature. 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 that has directs access from third street, and two other potential retail or shops spaces that are not completely finished. The property is being sold as is, buyer brokers are welcomed compensation can be discussed in private. 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

$1,200,000 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

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Reed GraingerGrainger Realty, LLCMore Info
719-689-8014

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