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Mixed-Use Restaurant and Apartments
New
For Sale
$399,000

120 W Silver Avenue, Crestone, CO 81131

Commercial property pairing an operating-style restaurant layout with residential apartments above.

Property Size4,250 SF
Days on Market3

Property Features for 120 W Silver Avenue

General Information

Standard status Active
Size 4,250 SF
Total Parking Spaces 1
Property subtype Commercial
Zoning commercial

Additional Details

Floor Ground
Equipment Included Yes

Taxes and HOA fees

Annual Taxes $3,020

Building Details

Building Size 4,250 SF
Year Built 2005
Units 5
Listing Agency: REMAX PROPERTIES
Listed By: Patricia Kelly · License #100090889
Source: Coloradopartners
Added: Aug 21 Changed: Aug 22 Last Checked: Aug 22 at 4:39AM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of REMAX PROPERTIES

Investment Insights

Based on property information with market context.

This two-level mixed-use property combines a restaurant-oriented commercial area on the ground floor with four residential apartments above. Each apartment has one bedroom, and one unit is currently rented. The building was constructed in 2005 and is zoned commercial.

The restaurant area includes three 16-inch pizza ovens, two fryers, a flat top, and six-top propane burners. The property is located at 120 W Silver Avenue in Crestone, Colorado, providing a combined commercial and residential configuration within the community.

Key Highlights

  • Four upstairs 1‑bedroom apartments; 1 unit currently rented
  • Ground‑floor restaurant space with three 16‑inch pizza ovens
  • Two fryers and a flat top with 6‑top propane burners

Property Analytics

Current Use

Conventional restaurants

Location Intelligence

Trade Area within ½ mile

105
Businesses Nearby

Demographics for 81131, CO

1,510
Population
794
Households
1.9
Avg Household Size
55
Median Age
51%
College-Educated
95%
High-School Grad
373.0 sq mi
ZIP Area
4
Density / Sq Mi
$60,625
Median Household Income
$33,403
Median Earnings
$1,259
Median Rent
$345,500
Median Home Value

Market

Vacancy Rate% for Multifamily in West region

7% 2022
7.8% 2023
8.6% 2024
8.6% 2025
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Frequently Asked Questions

What type of property is this?
Mixed-use property - Commercial property pairing an operating-style restaurant layout with residential apartments above.
Where is this mixed-use property located?
The property is located at 120 W Silver Avenue Crestone, CO.
What is the asking price?
The asking price for this property is $399,000.
What are key features of this property?
This property features: Four upstairs 1‑bedroom apartments; 1 unit currently rented; Ground‑floor restaurant space with three 16‑inch pizza ovens; Two fryers and a flat top with 6‑top propane burners
More about this property
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