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Restaurant Business with Full Bar
New
For Sale
$487,000

517 Second Street, Crested Butte, CO 81224

The operating business includes its brand, recipes, furnishings, kitchen equipment, point-of-sale systems, inventory, and trained staff.

Property Size3,026 SF
Price / SF$160.94
Days on Market5

Property Features for 517 Second Street

General Information

Standard status Active
Size 3,026 SF
Total Parking Spaces 6
Property subtype Commercial
Zoning Commercial, commercial

Restaurant

Seating Capacity 325
Equipment Included Yes

Additional Details

Furnished Yes
Business Included Yes
Currently Operating Yes

Building Details

Building Size 3,026 SF
Year Built 1882
Units 2
Listing Agency: Crested Butte Resort Real Estate
Listed By: Doug Duryea
Source: Grandmesares
Added: Oct 21 Changed: Oct 24 Last Checked: Oct 24 at 2:31PM

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 Crested Butte Resort Real Estate

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Investment Insights

Based on property information with market context.

An established restaurant business is offered with its brand, recipes, furnishings, fixtures, kitchen equipment, point-of-sale systems, inventory, and an experienced staff. The operation serves dinner four nights per week and has seating for 325, a full bar, and a large kitchen. The restaurant occupies a building dating to 1882, with living quarters above.

At 517 Second Street in Crested Butte, the restaurant is just off Elk Avenue. On-site parking and the upstairs living quarters are included in the lease. The property is zoned commercial.

Key Highlights

  • Restaurant seating for 325 with a full bar and large kitchen
  • Business sale includes brand, recipes, furnishings, fixtures, equipment, POS systems, and inventory
  • Dinner service currently operates four nights per week

Property Analytics

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Current Use

Conventional restaurants

Suggested Use

Top Pick Auto Repair Shop Grocery & Convenience Store Garden Center Barber Shop Tanning Salon HVAC 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

5
Businesses Nearby

Demographics for 81224, CO

3,941
Population
2,459
Households
1.6
Avg Household Size
41
Median Age
73%
College-Educated
100%
High-School Grad
262.3 sq mi
ZIP Area
15
Density / Sq Mi
$97,535
Median Household Income
$46,511
Median Earnings
$1,408
Median Rent
$862,100
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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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

Frequently Asked Questions

What type of property is this?
Conventional restaurant - The operating business includes its brand, recipes, furnishings, kitchen equipment, point-of-sale systems, inventory, and trained staff.
Where is this conventional restaurant located?
The property is located at 517 Second Street Crested Butte, CO.
What is the asking price?
The asking price for this property is $487,000.
What are key features of this property?
This property features: Restaurant seating for 325 with a full bar and large kitchen; Business sale includes brand, recipes, furnishings, fixtures, equipment, POS systems, and inventory; Dinner service currently operates four nights per week
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