1117 Lincoln Ave - Freestanding FOR SALE


Steamboat Springs, CO 80487
$1,495,000 USD
970-819-4366
1117 Lincoln Ave, Steamboat Springs, CO for Sale
$1,495,000 USD
Freestanding - FOR SALE
1/20
null | 5.32% Cap Rate

1117 Lincoln Ave
Steamboat Springs, CO 80487


HIGHLIGHTS

  • Fully leased mixed use investment with stable NNN income
  • Prime downtown Steamboat location with excellent visibility
  • Two income streams with restaurant and 2Br/1Ba apartment
  • Private off street parking with excellent frontage and access
  • Green Zone location allows STR potential and future upside

OVERVIEW

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.

FOR SALE DETAILS

PRICE

$1,495,000 USD

PRICE/SF

$460 USD /SF

CAP RATE

5.32%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

ADD'L SUBTYPES

Restaurant

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1961

SPRINKLERS

-

PARKING SPACES

10

LAND DETAILS

LAND ACRES

0.17 AC

LAND SF

7,405 SF

ZONING

AA3

APN/PARCEL ID

319200002

ASK ABOUT THIS PROPERTY

Greg BreslauThe Group Real EstateMore Info
970-819-4366

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Greg BreslauThe Group Real EstateMore Info
970-819-4366

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.