Historic Berthoud Restaurant and Banquet
335 Mountain Avenue Berthoud, CO 80513
335 Mountain Avenue, Berthoud, CO, 80513
$1,375,000
For Sale
$1,375,000
Charming historic property with restaurant, bar, and banquet hall.
Property Size5,210 SF
Price / SF$263.92
Days on Market300
Property Features for 335 Mountain Avenue
General Information
- Standard status
- Active
- Size
- 5,210 SF
- Property subtype
- Shopping Center / Retail
Building Details
- Year Built
- 1900
Listing agency
RE/MAX Elevate
(303) 472-2222
Listed by
Keith Kanemoto · License #FA40009659
Source
Remaxcommercial
Added: Sep 25, 2025 Updated: Jul 6 at 8:12AM Checked: Jul 21 at 2:59AM
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 RE/MAX Elevate
Investment Insights
Based on property information with market context.
This historic property, situated in the heart of Berthoud on Mountain Avenue between Third Street and N. 4th Street in downtown Berthoud, has been home to Bradford's Grub & Grog for the past five years. The main level features a wide-open space with laminate hardwood floors, a full kitchen, and a bar. The kitchen is equipped with an updated hood system, a newer cooler and freezer, and a new grease trap. There are also two restrooms and a sliding barn door that provides access to the second floor. A rear courtyard offers space for outdoor dining. The second floor, formerly the Oddfellows Hall, has been renovated into a banquet hall, meeting, or party space. Renovations include refinishing the original wood flooring, all new plumbing including two ADA compliant restrooms, new electrical, and new HVAC. The second floor retains its old-world charm with exposed brick and original hardwood floors. The property has a total size of 5210 square feet.
Key Highlights
- Prime downtown Berthoud location on Mountain Avenue.
- Recently renovated second‑floor banquet hall/meeting space with new plumbing, electrical, and HVAC.
- Main level featuring a full kitchen with updated hood system, newer cooler and freezer, and new grease trap.
Local Financial Insights For Specialty Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $77.1k | $14.79 |
| − Vacancy | −$2.2k | −$0.43 |
| EGI | $74.8k | $14.36 |
| − OpEx | −$18.7k | −$3.59 |
| NOI | $56.1k | $10.77 |
5,210 SF · lease $14.79/SF/yr · vacancy 2.90% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$801.7K
$701.5K – $935.3K
NOI $56,116 @ 7.0% cap · market cap 4.08%
Second Best
Retail
$651.2K
$569.8K – $759.8K
NOI $45,585 @ 7.0% cap · market cap 3.32%
Theoretical Best
Office A
$1.40M
$1.22M – $1.63M
NOI $97,891 @ 7.0% cap · market cap 7.12%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Restaurants
Similar For Sale Nearby
FAQs
What type of property is this?
Restaurant - Charming historic property with restaurant, bar, and banquet hall.
Where is this restaurant located?
The property is located at 335 Mountain Avenue Berthoud, CO.
What is the asking price?
The asking price for this property is $1,375,000.
What are key features of this property?
This property features: Prime downtown Berthoud location on Mountain Avenue.; **Recently renovated second‑floor banquet hall/meeting space** with new plumbing, electrical, and HVAC.; Main level featuring a full kitchen with updated hood system, newer cooler and freezer, and new grease trap.
