Please visit the Virtual Tour of this Property at:

 http://www.listingsmagic.com/19434

Location:

This unique Business Opportunity is located near Penrose, Colorado near the Intersection of U.S. Highway 50 and Colorado State Highway 115.  This well located Arena and Events Center is strategically located between Canyon City and Pueblo.  Many Event participants regularly travel from Denver, Colorado Springs, Salida and surrounding mountain Towns. 

Investment Description:

At the heart of this investment opportunity is a well located, established Events Center that is a gathering place for locals, cowboys, competitors and families in this scenic region of Colorado. 

Events include Roping, Team Penning, Barrel Racing, cage fighting and auto shows.  A creative marketing plan would serve to open this facility up to many other revenue generating opportunities.

The popular restaurant serves great steaks, good drinks and a unique dining experience.  When events are underway, patrons can view the action in the Arena below from their dining room window.  Currently the Restaurant is open Wednesday, Friday and Saturday from 5 – 9 p.m. and starting at 4 p.m. for Drinks.  Live Bands are featured every Friday night starting at 9 p.m. for a country rockin’ good time.

Improvements:

The Indoor Arena is approximately 270’ x 130’.  The Arena has 4 bucking shoots and the associated pens and runways to handle Bronc’s and Bulls.  There is also a calf/steer chute with associated runback alley for roping events.  The indoor seating capacity is approximately 400 people.  The entire building is sprinklered.

The Restaurant and Bar are located within the Indoor Arena and can seat approx. 300 patrons.  This local favorite has all of the equipment necessary to serve clientele including a walk in freezer, walk in cooler, stoves, grills, fryers, steamers, steam table, cold tables, etc.  Of note, the Restaurant is serviced by an elevator providing handicap access. The Restaurant is also comfortable air conditioned.

The Outdoor Arena is 300” x 150’ and offers 1 bucking chute, a calf/steer chute with associated runback alley and holding pens.

A Mobil Home w/water and septic is on the property and serves to house a hired hand for the CrossRoads Arena.

Water Purification/Fire Abatement System -  This important feature has been added by the current owners and is a key consideration for the functional operation of the Arena and Events Center.

As an added revenue stream, the facility has been permitted for Horse Boarding.

Other Personal property will be sold by private treaty.

Acreage:

Approximately 42 acres of well located land and improvements.  

Water Rights:

The Water Rights the owner will convey represents a key value consideration associated with the sale of this property.

Three Twin Lakes Water Shares

24 gpm Well with Water Augmentation of 3 Acre Feet

Price:

$1,820,000.00

Cash/Conventional 

Contact:

Bob Lord – Beacon Mountain Farm & Ranch – 303-968-7705

boblord@BeaconMtnRanch.com

Dave Banzhaf – Beacon Mountain Farm & Ranch – 303-204-7120

dbanzhaf@BeaconMtnranch.com

All showings will be by Appointment only.  Please call Bob or Dave to schedule a personal tour of the property.

No warranty or representation, express or implied is made as to the accuracy of the information contained herein, and same submitted subject to errors, omissions, change of price, rental or other conditions, withdraw without notice and to any special listing conditions imposed by our principals. 

Please visit the Virtual Tour of this Property at: http://www.listingsmagic.com/19434 

Property Summary:

The CrossRoads Arena and Events Center is a well located, high energy entertainment center that is approximately 1 hour from Colorado Springs and less than ½ hour from Pueblo and Canyon City, Colorado. 

Hosting a wide variety of outdoor and indoor entertainment events, the owners of this property have created a “GO TO” place for family entertainment, competitive western events, live country music and Regional Venues.

When you visit the CrossRoads Arena and Conference Center, you will find that it's a well developed investment opportunity that’s an authentic slice of the American West set in a beautiful part of Colorado.  With new owners, it will continue to draw local and regional guests to it’s comfortable environment and warm hospitality.  The current owners have been good stewards of the property. 

Travel West on Hwy 50 From Pueblo, CO to Penrose.

CrossRoads Arena and Events Center is located at the Intersection of Highway 50 and Colorado State Highway 115 just south of that Intersection on the West side of 115.

For more information, please download the following file(s):

• CrossRoads Arena and Event Center