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Virtual Tour #3
Address: 415 Victor Avenue, Victor, CO 80860
MLS #: 1532354
County: Teller
Start a-new with a slower pace, time for yourself, but earn a decent income with the 3 residential rentals and commercial businesses! This property offers the opportunity to enjoy the quiet pace of the Victor/Cripple Creek Gold Mining district while also enjoying the upward growth of Victor's arts, service, and retail focused business district! Just 5 miles from Cripple Creek, Victor is primed to take advantage of the Casino growth while offering a refuge from the hustle and bustle. This two story Victorian fully updated/restored brick building located in the historic Victor Gold Mining District with two income producing businesses on main level and 3 apartments on the upper level--fully occupied! This building in called "The Mother Lode" because the foundation was blasted into the granite mountain side and the floor joists sit on solid granite--the formation can be seen in the rear of the retail space. The building is in excellent condition and renovations were done in 2005. Building upgrades include 30 year Butyl roof, plumbing and electrical, natural gas, new vinyl thermal pane windows, R30 insulation in ceilings and R11 in walls, new ceilings, carpet, and paint. Design extras include lovely, second story bay windows framed with ornate tin work and nice large windows on the main level. Full southern exposure is VERY effective for cutting down heat cost in the winter. There is a 22 x 15 deck on the southeast side. The main level of the original building houses Kat House Liquors and Splendid Pleasures. Above the retail space is the 2 bedroom apartment and in the two story addition there are 2 large studio apartments--ALL are great income producers with excellent rental history. Come see this ONE OF A KIND PROPERTY!
Status: Under Contract - Showing
Price: $375,900
Earnest Money:

MLS Area:
Business Type: Liquor Store, Retail, and 3 Residential Rentals
Business Description: Mixed Use with 1888 sq ft for retail and 3 Res Rentals
Type Of Business Opp: Retail
Year Established: 1899
Parking Spaces:

Annual Gross Sales: $139,000
Cost Of Goods: $60,000
Expenses: $4,900
Net Profit: $79,300
Listing provided by: Prestige Realty Group LLC