Search
Mixed-Use Property with Restaurant
For Sale
$895,000

173 South Gunnison Avenue, Lake City, CO 81235

Commercial property combining dining, fuel sales, convenience retail, bar operations, and onsite residential quarters.

Property Size3,018 SF
Lot Size0.95 Acres
Price / SF$296.55
Days on Market578

Property Features for 173 South Gunnison Avenue

General Information

Standard status Active
Size 3,018 SF
Lot size 0.95 Acres
Property subtype Commercial / Multi-Use
Zoning Commercial, Mixed Use, Other

Additional Details

Business Included Yes
Patio Yes

Taxes and HOA fees

Annual Taxes $9,099

Amenities

fire pits
backyard amphitheater
stage
pavilion
game room
office
storage
3, 0, 1, 4.00
Concrete, Laminate, Other, Tile, Wood
Furnished
Electric, Propane
Metal
Privacy

Building Details

Year Built 1959
Listing Agency: Murphy Real Estate
Listed By: Michael Murphy · License #ER100003731
Source: Compass
Added: Jan 29, 2025 Changed: Aug 29 Last Checked: Aug 29 at 7:21PM

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 Murphy Real Estate

Investment Insights

Based on property information with market context.

This mixed-use property on 0.95 acres combines a restaurant, fuel station, convenience store, bar, and onsite residential accommodation. The restaurant includes a recently upgraded commercial kitchen, while the bar features a 24-foot wooden counter, game room, office, storage, and garage-door openings for seasonal indoor-outdoor use. A renovated one-bedroom apartment is located within the garage. The property also includes outdoor seating, fire pits, and recreation areas.

An outdoor amphitheater adds a separate venue component, with a stage, pavilion, and activity area suited to gatherings and live performances. The business is positioned at 173 South Gunnison Avenue in Lake City, minutes from historic downtown and the Lake Fork of the Gunnison River, within the San Juan Mountains. Zoning is identified as Commercial, Mixed Use, and Other. The property was built in 1959.

Key Highlights

  • 0.95‑acre mixed‑use property with restaurant, gas station, convenience store, bar, and living quarters
  • Recently upgraded commercial kitchen serving the restaurant
  • Renovated one‑bedroom apartment located within the garage

Property Analytics

Current Use

Sportsman's BBQ Station Restaurant The Ol’ 53 Bar & Pub

Suggested Use

Top Pick Parking Lot & Garage Building Supply Grocery & Convenience Store Bakery (Bike/Boat/Book/etc) Store Catering Service

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Turnkey business
Opportunity

Location Intelligence

Trade Area within ½ mile

210
Businesses Nearby

Demographics for 81235, CO

728
Population
1,008
Households
0.7
Avg Household Size
54
Median Age
48%
College-Educated
100%
High-School Grad
534.6 sq mi
ZIP Area
1
Density / Sq Mi
$67,750
Median Household Income
$39,412
Median Earnings
$1,099
Median Rent
$456,500
Median Home Value

Market

Vacancy Rate% for Retail in West region

7% 2020
6.3% 2021
5.5% 2022
5.3% 2023
5.5% 2024
5.8% 2025
Rey
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

Frequently Asked Questions

What type of property is this?
Mixed-use property - Commercial property combining dining, fuel sales, convenience retail, bar operations, and onsite residential quarters.
Where is this mixed-use property located?
The property is located at 173 South Gunnison Avenue Lake City, CO.
What is the asking price?
The asking price for this property is $895,000.
What are key features of this property?
This property features: 0.95‑acre mixed‑use property with restaurant, gas station, convenience store, bar, and living quarters; Recently upgraded commercial kitchen serving the restaurant; Renovated one‑bedroom apartment located within the garage
More about this property
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Please enter message