Downtown Steamboat Investment
For Sale
$3,595,000
720 Lincoln Avenue, Steamboat Springs, CO 80487
Prime downtown Steamboat location with long-term lease and development potential.
Property SizeContact for details
Days on Market308
Property Features for 720 Lincoln Avenue
General Information
Standard status
Active
Property subtype
Commercial
Taxes and HOA fees
Annual Taxes
$15,247
Amenities
Central air
Central Air Cooling
Forced Air Heating
Membrane Roof
Near Public Transit
Off Street
Parking Lot
Building Details
Year Built
1980
Listing Agency:
THE STEAMBOAT GROUP
(970) 879-0879
Listed By:
DEREK HODSON
Source:
Corcoran
Added: Oct 9, 2025
Changed: Aug 9
Last Checked: Aug 9 at 8:07PM
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 THE STEAMBOAT GROUP
Investment Insights
Based on property information with market context.
This property offers a prime location in downtown Steamboat, situated on Lincoln Avenue between 7th and 8th streets. It is currently leased to a restaurant with a lease extending until 2030, with a 5-year renewal option. The property presents an opportunity to develop the open side, as provided for in the lease. This property is suitable for long-term investment or a 1031 exchange.
Key Highlights
- Prime downtown Steamboat location on a desirable block.
- Existing lease in place until 2030 with a 5‑year renewal option, providing immediate income.
- Opportunity to develop the open side of the property as permitted by the lease.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,367
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 80487, CO
18,209
Population
13,231
Households
1.4
Avg Household Size
42
Median Age
57%
College-Educated
97%
High-School Grad
795.8 sq mi
ZIP Area
23
Density / Sq Mi
$106,837
Median Household Income
$50,551
Median Earnings
$1,927
Median Rent
$915,900
Median Home Value
Market
Vacancy Rate% for Retail in West region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Colorado Mountain College Catering Services — 1275 crawford ave, steamboat springs, co 80487
- 7th Street Liquor — 644 Lincoln Ave, Steamboat Springs, CO 80487
- Steamboat So Gouda — 336 1/2 6th St Unit D, Steamboat Springs, CO 80487
- Kelsey Hebert Private Chef Services — 134 maple st, steamboat springs, co 80487
Frequently Asked Questions
What type of property is this?
Restaurant - Prime downtown Steamboat location with long-term lease and development potential.
Where is this restaurant located?
The property is located at 720 Lincoln Avenue Steamboat Springs, CO.
What is the asking price?
The asking price for this property is $3,595,000.
What are key features of this property?
This property features: Prime downtown Steamboat location on a desirable block.; Existing lease in place until 2030 with a 5‑year renewal option, providing immediate income.; Opportunity to develop the open side of the property as permitted by the lease.
