1117 Lincoln Avenue,Steamboat Springs, CO 80487
Steamboat Springs, CO 80487
Description
Fully leased mixed-use investment property located in the heart of downtown Steamboat Springs on highly visible Lincoln Avenue. The 3,250 SF building is home to the popular Seedz Restaurant, a well established and successful business that has operated at the location for nearly a decade. The property consists of a restaurant and commercial kitchen space plus a 2 bedroom, 1 bathroom apartment, along with a large basement and storage area included in the commercial lease. The property is fully leased on a NNN structure, providing stable income with minimal landlord responsibilities. The separated units offer two individual streams of income and provides flexibility for a future owner and/or operator. The site features excellent frontage and visibility along Lincoln Avenue and includes a private off street parking lot, plus dedicated parking for the residential unit. The location offers easy walking access to the Yampa River, Core Trail, Little Toots Park, and the shops and amenities of downtown Steamboat Springs. Located within Steamboat’s Green Zone, the residential apartment qualifies for short term rental use, offering potential for additional income growth. With strong in place cash flow and future rental upside, 1117 Lincoln Avenue represents a compelling opportunity to own a high quality downtown investment property in Steamboat Springs’ most desirable commercial corridor.
Details
| MLS # | S1066423 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Active |
| Year | 1961 |
| Days On Site | 160 |
| Listing Provided By | The Group Real Estate, LLC | Greg Breslau |
Features
| SQ Feet | 3,250 |
|---|---|
| Units | 3 |
| Zoning | Commercial |
| Acreage | 0.17 |
Parking
| Parking Features | Parking Lot |
|---|
Taxes
| Tax Annual Amount | 6579.6 |
|---|
Area Information
| State | CO |
|---|---|
| County | Routt |
| City | Steamboat Springs |
| Zip Code | 80487 |
| Area | Downtown Area |
| Subarea | Unknown |
| Community Name | NO DEFINED DEVELOPMENT |
| Listing VS Median (in NO DEFINED DEVELOPMENT) | |
Price: $1,495,000 low | high Med: $1,495,000 sqft: 3,250 low | high Med: 3,250 $ / sqft: $460 low | high Med: $460 On site: 160 low | high Med: 160 | |
Market Activity 80487
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Learn More About This Property
| State | CO |
|---|---|
| County | Routt |
| City | Steamboat Springs |
| Zip Code | 80487 |
| Area | Downtown Area |
| Subarea | Unknown |
| Community Name | NO DEFINED DEVELOPMENT |
| Listing VS Median (in NO DEFINED DEVELOPMENT) | |
Price: $1,495,000 low | high Med: $1,495,000 sqft: 3,250 low | high Med: 3,250 $ / sqft: $460 low | high Med: $460 On site: 160 low | high Med: 160 | |
