$1,400,000
$1,475,000
5.1%For more information regarding the value of a property, please contact us for a free consultation.
SOLD DATE : 10/31/2022
Key Details
Sold Price $1,400,000
Property Type Commercial
Sub Type Retail
Listing Status Sold
Purchase Type For Sale
MLS Listing ID 9361501
Sold Date 10/31/22
HOA Y/N No
Originating Board recolorado
Year Built 1988
Annual Tax Amount $134
Tax Year 2019
Property Description
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. Capitalize on the opportunity to own this historic attraction as Chaffee County and surrounding areas continue to grow for the foreseeable future!
Location
State CO
County Chaffee
Zoning COMMERCIAL
Interior
Fireplace N
Exterior
Garage Asphalt, Lighted
Utilities Available Electricity Connected
Parking Type Asphalt, Lighted
Garage No
Building
Lot Description Borders National Forest
Story 1
Sewer Septic Tank
Structure Type Concrete
Others
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
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6455 S. Yosemite St., Suite 500 Greenwood Village, CO 80111 USA
Bought with First Colorado Land Office, Inc.
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Consultant | Broker Associate | FA100030130