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    629 Grand Ave Grand Lake, CO 80447

    Sponsored
    For Sale
    $999,000

    Established Restaurant, Mountain Views, Seller Financing

    Property size:
    984 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    397
    This thriving Grand Lake restaurant, located at 629 Grand Ave, presents a unique investment opportunity. Built in 1954, this 984-square-foot eatery boasts a prime location on a 0.11-acre lot, offering stunning views of Mount Baldy from its outdoor seating area. The interior features booth seating, and the property includes two convenient windows for order placement and pick-up. The restaurant's diverse menu has proven successful, particularly during the winter months when it's the only burger establishment between Grand Lake and Granby. Summer operations extend from approximately 10 am to 10 pm, capitalizing on the high volume of tourists and locals. The business benefits from proximity to a theater, drawing significant foot traffic six nights a week, and also caters to the late-night bar crowd. This established business offers seller financing, making it an attractive proposition for prospective buyers. Property details include Lot 16, Block 21, and the asking price is $999,000. The property is zoned R147260.

    Property Features for 629 Grand Ave

    General Information

    Property type
    Restaurants
    Square Feet
    984 SF
    Lot Size
    4,792 SF

    Building Details

    Year Built
    1954
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Grand Lake
    County
    Grand
    State
    Colorado
    Longitude
    -105.8248949
    Latitude
    40.252775

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    FAQs

    What type of property is this?
    Restaurant - Established Restaurant, Mountain Views, Seller Financing
    Where is this restaurant located?
    The property is located at 629 Grand Ave Grand Lake, CO.
    What is the asking price?
    The asking price for this property is $999,000.
    Request Owner's contact information
    629 Grand Ave Grand Lake, CO 80447
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    629 Grand Ave Grand Lake, CO 80447
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