6375 Garfield Ave Elbert, CO 80106
This exceptional investment opportunity presents a thriving bar and restaurant situated on a 0.344-acre lot in Elbert County, Colorado. The property boasts 4,288 square feet of improvements, including the well-established South 40 Bar & Grill, a local favorite known for its outdoor seating. The business is being sold with all restaurant equipment included, providing a turnkey operation for the new owner. Located at 6375 Garfield Ave, Elbert, CO 80106, this property benefits from its prime location along a scenic motorcycle route, attracting significant tourism. The property is zoned Elbert County Commercial B, and is eligible for Economic Development Zone (EDZ) incentives. This presents a rare chance to acquire a profitable, established business in a growing area of Elbert County. The asking price is $1,500,000. Detailed information regarding EDZ eligibility and Elbert County's growth projections can be found via the provided links in the original listing. This is a unique opportunity to own a successful business with significant potential for future growth and expansion. The property's strong history, prime location, and included equipment make this an attractive investment for experienced restaurateurs and savvy investors alike. Don't miss this chance to own a piece of Elbert County's thriving business community.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.