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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

Property Type
Retail
Property Subtype
Freestanding
Building Size
10,341 SF
Building Class
C
Year Built
1988
Tenancy
Single
Building Height
1 Story
Building FAR
0.01
Lot Size
27.50 AC
Zoning
Commercial - Art / Creative, Live Work / Flex / Mixed Use, Recreational, Restaurant, Retail

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!

Property Taxes

Property Taxes

Parcel Number
R380510100199
Land Assessment
$26,620
Improvements Assessment
$26,710
Total Assessment
$53,330
  • Listing ID: 21018696

  • Date on Market: 9/21/2020

  • Last Updated:

  • Address: 24500 Highway 50 W, Salida, CO 81201

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