205 N Gunnison Ave - Restaurant FOR SALE


Lake City, CO 81235
$595,000 USD
970-596-4681
205 N Gunnison Ave, Lake City, CO for Sale
$595,000 USD
Restaurant - FOR SALE
1/31
null | Request Cap Rate

205 N Gunnison Ave
Lake City, CO 81235


HIGHLIGHTS

  • Location in the heart of the Town of Lake City. Year Round business with living space on second floor.

OVERVIEW

Location! Location! Location! A Lake City favorite of locals and tourists alike, Chillin' is a year round breakfast, lunch & live music on Friday night gathering place where 40+ years of BBQ tradition meets the scenic mountains of Lake City, Colorado. Established in 2014, the retired firefighter owner brings authentic, slow-smoked BBQ with no shortcuts to every plate. Indoor seating for 22, outdoor front deck seating for 50 and large back patio area/music venue for up to 150 with a 10' x 18' lighted music stage with pergola. The business name, good will, POS system, security system and vendors will be included in the sale. The commercial kitchen offers a Type 2 Vent-A-Hood, (1) 4' refrigerated prep table, (1) 4' refrigerated salad bar, 4place countertop steam table, 3 panini grills, countertop convection oven, 2-burner hot plate, ice machine, 6' beer cooler, smoothie machine and new espresso machine, in addition to all indoor/outdoor dining fixtures and free standing patio heating units. The back patio area offers a detached covered bar with refrigerator & ice chest, 2 pellet smokers, Blackstone griddle, 8-burner Charbroil grill, and detached storage shed that will convey to a new owner. Additionally there are multiple freezers, refrigerators and shelved storage areas to prep for the busy summer tourist season. Best-of-all...an owner/operator can live upstairs in the efficiency apartment offering 1 bedroom with a 3/4 bath and open kitchen/living area. Property is zoned Central Business District with direct access via State Highway 149 (aka: Gunnison Avenue). Ideally located in the heart of the Town of Lake City's Historic District, adjacent to the Town Park off of the back alley, and within walking distance to the river trails, Memorial Park, Lake City Arts, Armory, shops, Lake City Public Library, churches and Lake City Community School. Great business opportunity with built-in residence in the scenic San Juan Mountains. Please note that any exterior remodel and/or additions will need to be approved by the Historic Approval Board. Due to the year round business, showing appointments need to be scheduled in advance. Please contact Brokers for additional information.

FOR SALE DETAILS

PRICE

$595,000 USD

PRICE/SF

$522 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

-

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY NAME

Chillin' BBQ Business with Apartment

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Restaurant

ADD'L SUBTYPES

Storefront Retail/Residential

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1930

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.1 AC

LAND SF

4,356 SF

ZONING

CBD

APN/PARCEL ID

R002991

ASK ABOUT THIS PROPERTY

A. Danielle WorthenHall Realty, Inc.More Info
970-596-4681

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

A. Danielle WorthenHall Realty, Inc.More Info
970-596-4681

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