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Telephone Building 124 N 3rd St 7,378 SF 100% Leased Office Building Cripple Creek, CO 80813 $1,800,000 ($243.97/SF)
Investment Highlights
- Prime Gaming Zone location with strong foot traffic
- Newly remodeled interiors with upscale finishes
- Multiple income streams: retail, office, and residential
Executive Summary
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.
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.
Financial Summary (Actual - 2023) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
Financial Summary (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
Sale Type
Investment or Owner User
Property Type
Office
Building Size
7,378 SF
Building Class
C
Year Built/Renovated
1899/2023
Price
$1,800,000
Price Per SF
$243.97
Percent Leased
100%
Building Height
2 Stories
Typical Floor Size
3,689 SF
Building FAR
0.89
Lot Size
0.19 AC
Zoning
BUSINESS - BUSINESS HISTORIC FOR THE BUILDING, ALSO IN THE GAMING ZONE. PARKING LOT IS BUSINESS BUFFER HISTORIC
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Property Taxes
| Parcel Number | R0000480 | Total Assessment | $24,090 (2024) |
| Land Assessment | $21,615 (2024) | Annual Taxes | ($7,378) (($1.00)/SF) |
| Improvements Assessment | $2,475 (2024) | Tax Year | 2023 Payable 2024 |
Property Taxes
Parcel Number
R0000480
Land Assessment
$21,615 (2024)
Improvements Assessment
$2,475 (2024)
Total Assessment
$24,090 (2024)
Annual Taxes
($7,378) (($1.00)/SF)
Tax Year
2023 Payable 2024
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Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
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Presented by
Grainger Realty, LLC
Telephone Building | 124 N 3rd St
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