400 W Victor Ave - Hospitality FOR SALE


Victor, CO 80860
$445,000 USD
602-881-7554
400 W Victor Ave, Victor, CO for Sale
$445,000 USD
Hospitality - FOR SALE
1/78
null | Request Cap Rate

400 W Victor Ave
Victor, CO 80860


HIGHLIGHTS

  • Downtown residential incentives offering up to $25,000 per door
  • Additional tax advantages tied to historic rehabilitation and Victor’s gaming-related revenue structure
  • Potential exterior improvement grants, including funding for full building repaint
  • Colorado historic rehabilitation funding (offered twice annually)

OVERVIEW

PLocated in the center of historic Victor, 400 Victor Ave offers a rare opportunity to acquire a sizable mixed-use property with long-term upside in a revitalizing mountain town known for gaming, tourism, and historic charm. The approximately 6,216 sq ft building features a mixed-use configuration with roughly 3,000 sq ft of commercial space on the lower level and an upstairs residential area comprising approximately four units. This layout provides flexibility for a variety of income strategies, including the potential for co-living or shared housing configurations, subject to local requirements, and is strongly positioned within Victor’s walkable downtown core with excellent visibility amid ongoing public and private reinvestment. The property benefits from solid mechanical and infrastructure upgrades, including a boiler updated approximately four years ago with hydrostatic heating, a roof replaced four to five years ago, and commercial-grade electrical with metal conduit and code-compliant wiring. A dedicated basement area of approximately 300 sq ft houses boiler and utility systems, supporting efficient operations. Located within Victor’s Historic District, the asset combines historic character with functional improvements, making it well suited for investors or developers seeking scale and adaptability in a growing downtown environment. In addition to its physical attributes, the property offers meaningful historic and incentive upside. Its Historic District designation provides access to multiple state and local grant programs, including Colorado historic rehabilitation funding offered twice annually, City of Victor incentives prioritizing facades and roofs, and potential exterior improvement grants that may include full building repainting. Downtown residential incentives may offer up to $25,000 per door, alongside additional tax advantages tied to historic rehabilitation and Victor’s gaming-related revenue structure, creating a compelling opportunity to maximize long-term value and cash flow.

FOR SALE DETAILS

PRICE

$445,000 USD

PRICE/SF

$72 USD /SF

# OF ROOMS

5

PRICE/ROOM

$89,000 {currency}

CAP RATE

Request Cap Rate

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Victor Mall Hotel

PROPERTY TYPE

Hospitality

TOTAL BUILDING SIZE

-

STORIES

2

ROOM ENTRANCE

Interior

BUILDING CLASS

C

YEAR BUILT

1899

PARKING SPACES

9

LAND DETAILS

LAND ACRES

0.22 AC

LAND SF

9,583 SF

ZONING

VIC

APN/PARCEL ID

R0000594

ASK ABOUT THIS PROPERTY

Tanner PileRenjoyMore Info
602-881-7554

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Tanner PileRenjoyMore Info
602-881-7554

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