Property Description
More pictures can be seen at: http://geocities.com/lowell3/finalphotos3
This beautiful, two story brick building is located in the historic Cripple Creek/Victor Gold Mining District (www.victorcolorado.com) in Colorado at an elevation of 9693. We enjoy gorgeous views of the Sangre de Cristo mountain range, and reside on the eastern slope of the Rocky Mountains. Victor is 50 miles west of Colorado Springs, 110 miles south of Denver, 29 miles south of Woodland Park, 30 miles north of Canon City via Phantom Canyon Road or 54 miles to Canon City via paved road, and 6 miles south of Cripple Creek.
This building is located in the well preserved historic downtown area of Victor, Colorado, next door to the City Hall, Police and Fire departments, and the local history sign. Victor is a heritage tourism destination and retains much of its Wild West charm. It is the boyhood home of Lowell Thomas and the Lowell Thomas Museum. The town is close to trout fishing, big game hunting, biking and hiking trails, and casino gambling 6 miles away in Cripple Creek.
This building in called "The Mother Lode" because the foundation was blasted into the granite mountain side. The floor joists sit on solid granite and the rock formation can be seen through the window behind the rear brick wall of the retail space. This offers an interesting conversation piece. The building is in excellent repair and has had many significant upgrades. It features lovely 2nd story bay windows that protrude from the structure and are trimmed with ornate tin work. This building has full southern exposure which aids immensely in winter heating. The 22’ X 15’ deck has a southeast exposure.
The outside dimensions of the original two story brick structure built in 1899 are 25’ X 50’. The two bedroom apartment and laundry room are on the second story directly above the retail space. In 1937, a 25’ X 24’ two story structure was added onto the rear of the building. This houses the two studio apartments.
Since its’ renovation in 2005, this building has been a great income producer with a fabulous rental history and proven high volume antique and art gallery sales.
Terms:
$250,000 cash, conventional
Current building usage:
Retail Space: Used by owner as an antique and art gallery, EXCELLENT volume, propane heat, ½ bath, mop sink, plumbed for coffee shop, 220 wired. The antique inventory and fixtures are available for sale. This is a ready made, turn key business with established clientele.
Apt #1(directly above retail space): $800.00 monthly, propane hot water heat, 2 bedroom, full bath, ample maple kitchen cupboards, stove top island with fan, built in oven, dining room, 2 bay windows with fantastic mountain views.
Apt #2 & #3: $600.00 monthly each, large studios with ¾ bath and full kitchen, private entry and electric baseboard heat.
Separate shared laundry room with washer and dryer.
Building Upgrades:
2005 new 30 year Butyl Roof
Plumbing and Electrical
New vinyl thermal pane windows
R30 insulation in ceilings, R11 in walls
New ceilings, carpet, paint
2007 tuck point and paint on exterior brick
Total remodel of retail space
Cell Service
Wireless internet
Other Victor Retail:
Old Time Soda Fountain with a Nickelodeon
Old Time Soda Fountain with a Nickelodeon
Broom making shop
Historic print shop
3 Antique Stores
Art Gallery
Hotel
Bar
Pizza restaurant
Family style restaurant
Convenience food store
Sporting Goods store
Rocky Mountain Soccer Camp
Coming soon: Micro brewery
Victor Amenities:
Full Time Police Department
Volunteer Fire Department (mutual aid EMS plus Paramedics in Cripple Creek)
Flight for Life Heliport (nearest hospital is 25 miles)
Public Library
Churches
Pre K-12 Public Schools 6 miles in Cripple Creek
Lowell Thomas Museum
New Water/Sewage Treatment Facility
High Speed Wireless Internet
Cell Phone Service
Victor Virtues:
Sunny slope location
Panoramic mountain views
Temperate climate
Winter sunshine
300+ days of sunshine
Low humidity/clean air/ few bugs
Quiet beauty and solitude
Fall Aspen season
Historic Architecture
Hiking trails
Rich mining history and tours
Gold Belt Scenic Byway
Gateway to Phantom Canyon and Shelf Roads
Skagway Reservoir and campground
Big game hunting
Gold Rush Days Celebration
Victor Celebrates the Arts
Private Victor home owners only membership to Bison Reservoir
Attractions via paved roads:
6 miles in Cripple Creek: Butte Opera House, home of the Melodrama
Casino Gambling
New in 2007-Pikes Peak Heritage Tourism Center
Notorious Homestead House Brothel Museum
Notorious Homestead House Brothel Museum
Florissant Fossil Beds National Monument 18 miles
Royal Gorge 30 miles gravel road, 50 miles paved road
Manitou and Pikes Peak Cog Railway 40 miles
Garden of the Gods 50 miles
Olympic Training Complex 55 miles
US Air Force Academy 55 miles
Colorado Springs Airport 55 miles
C/S is home to ALL retail, theater, museums and art facilities/population approx. 400,000
Wal Mart 30 miles in Woodland Park
Hospital and Emergency Room 25 miles near Woodland Park
* Est. payment based on 20% down and a 30-year fixed rate of 5.375%