the abbey - loopnet...abbey was a working monastery • the soaring magnificence of the abbey is...

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THE ABBEY 2951 EAST HIGHWAY 50 • CAñON CITY, COLORADO 81212 FOR SALE

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Page 1: THE ABBEY - LoopNet...Abbey was a working monastery • The soaring magnificence of The Abbey is over 66,000 sq. ft. with 4 floors, a basement, chapel and library • The bell tower

THE ABBEY

2951 EAST HIGHWAY 50 • CAñON CITY, COLORADO 81212

FOR SALE

Page 2: THE ABBEY - LoopNet...Abbey was a working monastery • The soaring magnificence of The Abbey is over 66,000 sq. ft. with 4 floors, a basement, chapel and library • The bell tower

• Projecthashistoricalsignificanceanduniquearchitecture

• Campuslayoutwithavarietyofbuildingstoaccommodatemanyuses,withfavorablezoningallowingalmostanytypeofbusinessventure

• Incomefromexistingleases

• FarmlandvaluesarestableandDitchRightsarereadilymarketable,asthepropertyhasthelargestprivateownerofditchsharesandsecondonlytotheCity

KEY FEATURESisamixed-usecampusinCañon,City,Colorado.Builtinthe1920sasamonasteryofthe

CatholicChurch,the190-acrepropertyconsistsof16+buildingsandfarmland.Mostof

thebuildingsareorientedaroundaquadranglethatcreatesacampusatmosphere.The

property includes aworking farmandwinery, and there is significant income from the

eventcenter,DepartmentofCorrectionsofficeleaseandthewinerylease.Theprojectmay

appealtodevelopersandinvestorsforexpandingthemixed-usehospitalitycapabilities,

suchasmulti-family,assistedliving,55+community,oraminiSantaFe“artincubator” —

andalsocapitalizingontheexistingtenant’suses.Theexistingbuildingshavepotentialto

recreatethecampusforaneducational,religiousorinstitutionaluse.

THE ABBEY

• EasyaccesstoHighway50

• Amplelandavailableforexpansion

• CañonCityhasexcellentclimatewithanaverageof325daysofsunshine!Thecity’snickname,“theClimateCapitalofColorado”,derivesfromthecombinationofuniquegeographyand5,300-footelevationprotectingthecityfromharshweatherconditions.Temperaturesaregenerally10degreeswarmerinWinterthanothernearbyColoradocommunities.

Page 3: THE ABBEY - LoopNet...Abbey was a working monastery • The soaring magnificence of The Abbey is over 66,000 sq. ft. with 4 floors, a basement, chapel and library • The bell tower

R-1(lowdensityresidential)northernsection

C(generalcommercialuse)southernsection

ZONING

LAND AREA

BUILDING SIZE

DITCH RIGHTS

Campus...........................................................20Acres

Winery...........................................................6.91Acres

Farmland......................................................160Acres

Thepropertyincludes257sharesofCañonCitywaterrightsthatarereadilymarketable,beingthelargestprivateownerofditchsharesandsecondonlytotheCity

Monastery&Chapel..................................... 66,868SF

HedleyHall.................................................... 20,440SF

Fieldhouse(Gymnasium).............................. 19,450SF

DepartmentofCorrections.......................... 15,688SF

EventCenter................................................. 12,688SF

OtherMisc.Bldgs......................................... 60,000SF

MONASTERY• TheTudor-gothicstyledbuildingwasbuiltin1924asaCatholicMonasteryfeaturingtowersandarchesofbrick,stoneandstainedglass

• ItwasplacedontheNationalRegisterofHistoricbuildingsin1983

• ThemonkslivedinthisbuildingwhenTheAbbeywasaworkingmonastery

• ThesoaringmagnificenceofTheAbbeyisover66,000sq.ft.with4floors,abasement,chapelandlibrary

• Thebelltowerstillchimeshourly

• Todaythebuildingisusedforthebusinessoffices,weddings,retreatgatherings,banquets,carshows,expos,andalltypesofcelebrations

• Significantopportunitytoredevelopformulti-housingorhospitalityincludingUllathorneHall

Page 4: THE ABBEY - LoopNet...Abbey was a working monastery • The soaring magnificence of The Abbey is over 66,000 sq. ft. with 4 floors, a basement, chapel and library • The bell tower

Room Dimensions Approx. Sq. Ft. Banquet Theatre

Seating

Benedict Room 104×34 3,497 275 325

Abbots Room 51×33 1,650 110 110

Cafe 28×26 728 60 100

Foyer 21×51 1,166 50 50

AERIAL

D.O.C. TRAINING CENTER

MONASTERY& CHAPEL

EVENT CENTERSOCCER &

BASEBALL FIELDS

WINERY & BARN

SISTER’S HOUSE

ST. JOSEPH’S HALL

ST. MARY’S HALL

FARM LAND

2017 Demographics 1 Mile 3 Mile 5 Mile

Total Population 3,880 24,530 29,874

Average Income $61,993 $54,882 $57,498

Traffic Counts

US Hwy 50 at Royal Gorge Blvd 21,500 VPD

Main Street at Royal Gorge Blvd 20,600 VPD

US Hwy 50 at Dover Ave 19,300 VPD

FIELD HOUSE

HEDLEY HALL

50

FREMONT DRIVE

E. MAIN STREET

N

ULLATHORNEHALL

Page 5: THE ABBEY - LoopNet...Abbey was a working monastery • The soaring magnificence of The Abbey is over 66,000 sq. ft. with 4 floors, a basement, chapel and library • The bell tower

CONTACT

© 2018 CBRE, Inc. All rights reserved. This information has been obtained from sources believed reliable, but has not been verified for accuracy or completeness. You should conduct a careful, independent investigation of the property and verify all information. Any reliance on this information is solely at your own risk. CBRE and the CBRE logo are service marks of CBRE, Inc. All other marks displayed on this document are the property of their respective owners. Photos herein are the property of their respective owners. Use of these images without the express written consent of the owner is prohibited.

www.cbre.us/coloradosprings

CAñON CITY, COCañon City is in Fremont County, Colorado. The town has a

population of 16,400 (2010) with a five-mile radius approaching

29,000. The primary employment in the area is the region’s

correctionalfacilities,followedbyfarming,tourismandeducation.

The area is home to the Royal Gorge Bridge, the highest

suspensionbridgeintheU.S.,aswellastheArkansasRiverandthe

NationalForest.CañonCityattractsapproximately300,000visitors

year-round and has world-class fishing, rafting, hunting, hiking,

bicyclingandrockclimbing.

Martin D. Johnson, Vice President +1 719 573 4848 [email protected]

ROYAL GORGE BOULEVARD

SOU

TH REYN

OLDS AVENUE

NO

RTH 9TH

STREET

VIETNA

M V

ETERAN

S MEM

ORIA

L

STEINM

EIER AV

ENU

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G R I L L & BAR

HOLY CROSS ABBEY

FREMONT DRIVE

N