Salida, CO 81201,24500 W HIGHWAY 50
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Salida, CO 81201,24500 W HIGHWAY 50
Salida, CO 81201,24500 W HIGHWAY 50
Salida, CO 81201,24500 W HIGHWAY 50
Salida, CO 81201,24500 W HIGHWAY 50

$1,400,000

Est. payment /mo

$1,475,000

5.1%
Est.Price: ?

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24500 W HIGHWAY 50 Salida, CO 81201

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

Parking Features Asphalt, Lighted

Utilities Available Electricity Connected

Garage No

Building

Lot Description Borders National Forest

Sewer Septic Tank

Structure Type Concrete

Others

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

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REColorado (REColorado MLS)
Listed by First Colorado Land Office, Inc.
Bought with First Colorado Land Office, Inc.

Jim Cavoto

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+1(720) 692-6563

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