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    942 Lincoln Ave Steamboat Springs, CO 80487

    Sponsored
    For Sale
    $3,950,000

    Prime Commercial Redevelopment Opportunity

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    397
    This exceptional 17,500 sq ft land parcel, located at 942 Lincoln Ave in Steamboat Springs, CO, presents a unique investment opportunity. Currently operating as a profitable gas station and service center since 1977, the property boasts four fuel pumps, three service bays, a small office, and ample yard space. Situated in the heart of downtown, it benefits from high daily traffic (27,000 vehicles) and proximity to restaurants, shops, lodging, and entertainment. The Commercial Old Town zoning allows for a maximum building height of 38 feet and a 200% floor area ratio (35,000 sq ft), offering significant redevelopment potential. Adjacent to a new city hall and fire station project (under construction), this location is poised for growth. The property's strong performance and above-average gross margins make it an attractive investment, whether continuing current operations or pursuing a complete redevelopment. The existing business provides income potential during any redevelopment process. This is one of only two gas stations in downtown Steamboat Springs, a highly desirable tourist destination, and within a ten-minute drive of Steamboat Ski Resort, recently ranked the top ski resort in North America. The APN is R7718390. The asking price is $3,950,000.

    Property Features for 942 Lincoln Ave

    General Information

    Property type
    Land

    HighLights

    • Highly profitable gas station and service center operating since 1977.
    • Features four fuel pumps, three service bays, a small office, and ample yard space.
    • One of only two gas stations in downtown Steamboat Springs.
    • Prime location near restaurants, shops, lodging, and entertainment; within ten minutes of Steamboat Ski Resort (ranked #1 in North America in 2022‑2023).
    • Commercial Old Town zoning allows for significant redevelopment potential (38‑foot height limit, 35,000 sq ft FAR).
    Property Profile Location Intelligence

    Current Use by Public Records

    Conoco Gas Station Napa Autocare Center Auto Repair Shop

    Suggested Use

    Restaurant Realty agency Building Supply Dental Office Wholesale Shop Law Firm Auto Repair Shop Spa & Massage 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
    -106.83663858
    Latitude
    40.48727646

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    FAQs

    What type of property is this?
    Land - Prime Commercial Redevelopment Opportunity
    Where is this land located?
    The property is located at 942 Lincoln Ave Steamboat Springs, CO.
    What is the asking price?
    The asking price for this property is $3,950,000.
    What are key features of this property?
    This property features: Highly profitable gas station and service center operating since 1977.; Features four fuel pumps, three service bays, a small office, and ample yard space.; One of only two gas stations in downtown Steamboat Springs.
    (970) 239-4199
    Request Owner's contact information
    942 Lincoln Ave Steamboat Springs, CO 80487
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    Steamboat Springs, CO 80487
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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
    942 Lincoln Ave Steamboat Springs, CO 80487
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