720 Lincoln Avenue, Steamboat Springs, CO 80487

Building Details

Year Built

1980

Listing agent Derek Hodson

Listing office The Steamboat Group d***@thesteamboatgroup.com Show Phone

Listing date Sep 7, 2025

Source Xome

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

Report an issue

---

Overview

This for-sale restaurant property includes an existing restaurant lease in place through 2030, along with a five-year renewal option for the current tenant. The lease also contemplates development on the open side, giving an owner the ability to pursue improvements in alignment with the lease terms while the restaurant continues operating.

Located at 720 Lincoln Avenue in downtown Steamboat Springs, the property is described as being on the “sunny side” of the street between 7th and 8th. The positioning is highlighted in the offering as a key feature of the block.

For buyers seeking a long-term holding with established in-place tenancy, the lease structure through 2030 and renewal option provides continuity. For operators and investors who want to manage both near-term occupancy and future activity, the lease-permitted development on the open side supports a coordinated plan for the property rather than a single-use approach. The offering is also presented as a potential 1031 exchange opportunity.

Suggested Use

Restaurant Real Estate Agency Building Supply Dental Office Big Box & Wholesale Store Law Firm Auto Repair Shop Spa & Massage Center Hair Salon Auto Parts Store

Zoning and permitted uses should be independently verified with local authorities.

Location Insight

• Map
• Local Demand

City

Steamboat Springs

County

Routt

State

Colorado

Longitude

-106.833849

Latitude

40.485869

Nearby Similar for Sale

• 

  $1,625,000

  2,125 SF

  Steamboat Springs Medical/Professional Office Space

  Prime office space in a sought-after Steamboat Springs location.

  505 Anglers Drive, Steamboat Springs, CO 80487

  View Details
• 

  $2,600,000

  14,380 SF

  Downtown Steamboat Springs Warehouse

  14,380 SF clear span warehouse in downtown Steamboat Springs.

  1955 Bridge Lane, Steamboat Springs, CO 80487

  View Details
• 

  $2,800,000

  Yampa Street Commercial Space Available

  Prime commercial space in downtown Steamboat Springs on Yampa Street.

  910 Yampa Street, Steamboat Springs, CO 80487

  View Details
• 

  $525,000

  Steamboat Springs Commercial Workshop For Sale

  Versatile workshop near Steamboat Airport, ideal for storage or contractor.

  2270 Marble Court, Steamboat Springs, CO 80487

  View Details
• 

  $3,800,000

  Turnkey Restaurant in Steamboat Springs

  Fully equipped fine dining restaurant in downtown Steamboat Springs.

  910 Yampa Street, Steamboat Springs, CO 80487

  View Details
• 

  $1,100,000

  Single-Level Office Suite

  Single-level suite with private rooms, reception, radiant heat, and private amenities including two bathrooms and kitchenette.

  942 Oak Street, Steamboat Springs, CO 80487

  View Details
• 

  $1,500

  641 SF

  Riverside Plaza Commercial Unit

  Commercially zoned unit in high-growth Steamboat Springs area.

  2851 Riverside Plaza, Steamboat Springs, CO 80487

  View Details
• 

  $520,000

  1,207 SF

  Marble Hill Industrial Park

  Custom industrial workshop in Marble Hill Industrial Park.

  2270 Marble Ct, Unit 3, Steamboat Springs, CO 80487

  View Details
• 

  $1,650,000

  Shovel-Ready Live/Work and Shop

  Planned 8-unit live/work and contractor shop development with trailer and RV turning radius at a cul-de-sac.

  2700 Lincoln Avenue, Steamboat Springs, CO 80487

  View Details
• 

  $175,000

  Steamboat Springs Office/Retail Space

  Professional office or light retail space with shared amenities.

  2507 Riverside Drive, Steamboat Springs, CO 80487

  View Details
• 

  $3,350,000

  4,009 SF

  Multifamily Property with Detached ADU

  Renovated main residence plus a detached one-bedroom ADU provides flexible living and rental configurations.

  1791 &1793 Meadow Ln, Steamboat Springs, CO 80487

  View Details
• 

  $6,700

  Downtown Steamboat Springs Office Suite

  Bright, updated office space in the heart of downtown.

  345 Lincoln Avenue, Steamboat Springs, CO 80487

  View Details

FAQs

What type of property is this?

Conventional restaurant - Restaurant property with an existing long-term lease and lease-permitted development on an open side.

Where is this conventional 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 $3,695,000.

What are key features of this property?

This property features: Restaurant property in Downtown Steamboat on the block between 7th and 8th; Existing long‑term restaurant lease in place until 2030, with a 5‑year renewal option; Lease permits development on the open side of the property