Downtown Restaurant Investment
For Sale
$3,695,000
720 Lincoln Avenue, Steamboat Springs, CO 80487
Restaurant property with an existing long-term lease and lease-permitted development on an open side.
Days on Market346
Property Features for 720 Lincoln Avenue
General Information
Standard status
Active
Property subtype
General Commercial
Additional Details
Business Included
Yes
Building Details
Year Built
1980
Listing Agency:
The Steamboat Group
(970) 879-0879
Listed By:
Derek Hodson
Source:
Xome
Added: Aug 20, 2025
Changed: Jul 10
Last Checked: Jul 16 at 7:24AM
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 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.
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.
Key Highlights
- 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
Property Analytics
Property Profile
Current Use
Lease Details
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
1,367
Businesses Nearby
Balanced
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
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Frequently Asked Questions
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
