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24500 Highway 50 W
Salida, CO 81201
Monarch Crest Gift Shop · Retail Property For Sale

Investment Highlights
- Us Highway Frontage
- Minutes to Ski Resort
- Crest Tramway - Panoramic Views Of The Continental Divide
- High Tourist Attraction / Destination
- Restaurant / Gift Shop / Tram
- Newly Remodeled Apartment w/ Full Kitchen, 1 Bedroom & 1 Bath
Property Facts
- Freestanding
- General Retail Restaurant
- General Retail Storefront
- General Retail TruckStop
Amenities
- Restaurant
- Signage
- Storage Space
About 24500 HIGHWAY 50 W , SALIDA, CO 81201
An opportunity to own the oldest working tramway in the state of Colorado! This 10,800 sqft building is settled on a Forest Service lease on the top of Monarch Pass. With three sources of revenue, and a newly remodeled apartment, this business has experienced a 38% revenue growth since 2016. The gift shop items include clothing, jewelry, kid's toys, caps, winter accessories, rocks, clocks, pictures, Colorado made products, personal care items, etc. The food service started in 1954 when the business opened as a Greyhound bus stop. It was a restaurant to feed the bus riders while the buses cooled down. Today, the food service provides 10% of the revenue for the business. The Crest tramway was built in 1966. It ascends to over 12,000 feet in elevation to unmatched panoramic views of the Continental Divide and all the way to Pikes Peak on a clear day. Two Forest Service permits cover 3.05 & 2 acres. There are permits in place for the giftshop and tramway operations. Salida is now a Gateway Community for the Continental Divide Trail as well as Top destination for the Colorado Trail. The Monarch Crest parking lot is the gateway for many of these outdoor enthusiasts. Capitilize on the opportunity to own this historic attraction as Chaffee County and surrounding areas continue to grow for the foreseeable future!
Links
Property Taxes
| Parcel Number | R380510100199 | Improvements Assessment | $26,710 |
| Land Assessment | $26,620 | Total Assessment | $53,330 |
Property Taxes
Listing ID: 21018696
Date on Market: 9/21/2020
Last Updated:
Address: 24500 Highway 50 W, Salida, CO 81201
The Retail Property at 24500 Highway 50 W, Salida, CO 81201 is no longer being advertised on LoopNet.com. Contact the broker for information on availability.
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