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Victor Mall Hotel 400 W Victor Ave 5 Room Hotel Victor, CO 80860 $495,000 ($99,000/Room)
Investment Highlights
- Downtown residential incentives offering up to $25,000 per door
- Potential exterior improvement grants, including funding for full building repaint
- Additional tax advantages tied to historic rehabilitation and Victor’s gaming-related revenue structure
- Colorado historic rehabilitation funding (offered twice annually)
Executive Summary
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.
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.
Property Facts
Room Mix Information
| Description | No. Rooms | Daily Rate | SF |
|---|---|---|---|
| Guest Room | 5 | $150.00 | - |
Property Taxes
| Parcel Number | R0000594 | Improvements Assessment | $42,876 |
| Land Assessment | $1,664 | Total Assessment | $44,540 |
Property Taxes
Parcel Number
R0000594
Land Assessment
$1,664
Improvements Assessment
$42,876
Total Assessment
$44,540
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Victor Mall Hotel | 400 W Victor Ave
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