COMMERCIAL PROPERTY-GREAT POTENTIAL- HISTORIC VICTOR, COLORADO $44,000 Victor is located 6 miles east of Cripple Creek, Colorado and approximately 55 miles west of Colorado Springs. It sits at 9763 ft elevation and began around 1891 as a rich gold mining area. Mining continues to this day and is home to one of the largest gold mining operations in the U.S. Mining operations 24/7/365 days a year. Mining and Gambling Casinos in Cripple Creek are the largest employers in the area. Victor year round population is 300 with a sizable number of summer residents. The Cripple Creek-Victor area is an important tourist destination. ABOUT THE PROPERTY This building was built in 1899 and was called the Harrington Buildings. The front property has a brick façade. There is a large backyard for plenty of parking. 108 South 4Th Street/Victor Original Subdivision/Lot North 12½’ of Lot 26, All of 27&28. Building measures 55x80’ and is divided by three full ceiling height/13’/2x6 framed walls running the entire length of the building. The widths of these rooms are roughly equal. The main wall, on either end, is constructed of brick. The ceilings and walls are covered with lath and plaster. CONDITION--- This not a Handyman’s Special! This is a job for an experienced carpenter or a contractor. My wife and I purchased these buildings a year ago. I spent three weeks patching the roofs and stopped any further damage. It is stable with a few drips here and there. It will need new roofing before too long. Most of the roof framing is solid but some will need replacing. Because of the roof leaks most of the plaster and lath on the ceilings and walls are ruined. The wall framing is solid for the most part. A few areas will need some work. Approximately 20% of the flooring, primarily in the rear of the buildings, was ruined and has been removed and is ready for new. Literally, tons of trash has been hauled off…both inside and outside the buildings. There is easy access to the three rear garage doors. There are no functional water lines. All new electrical, water and sewer lines will be needed. If you are still reading there is lots of good news also: First of all, there are no serious structural/foundation damage. These buildings have tremendous potential. We use these buildings for storage. The building is 4400 sq ft/55x80. We purchased new 2x8’s, ½ and ¾" OSB, 2x6’s, roofing, etc. from Home Depot a year ago for $3200 and it is stored in the building and is part of the sale price. We also have a number of new quality windows you can have if wanted. NO WATER/SEWER TAPS: Previous owner had let the Water/Sewer bills lapse for a number of years and new taps will have to be purchased. The price is $4500. The City will take installments of $125 per month for 3 years with no interest. The basic Water/Sewer bill is $50 per month. TERMS: We will give the new owner a free and clear title for cash/no contingencies/no exceptions--please do not ask. Neighborhood Description This building is in the downtown historical district of Victor, CO.
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