1124 Greene St Silverton, CO 81433

Property Details for 1124 Greene St

Year built

1937

Property size

1,284 SF

Property type

Retail properties

Property subtype

Restaurants

Description

This unique 1,284 sq ft restaurant building in Silverton, Colorado, presents a remarkable investment opportunity. Located at 1124 Greene St, this vacant property is situated on two commercial lots (5,000 sq ft total) in the heart of Silverton's historic downtown business district, ensuring high visibility and foot traffic. Built in 1937, the building features a wood frame construction with a metal roof and vinyl flooring. The property includes a basement, and the zoning (Business/Pedestrian/Commercial) allows for a diverse range of uses, including retail, office space, vacation rentals, restaurants, bars, and residential dwellings (single-family and multi-family). The asking price is $595,000 ($463.40/sq ft), with the land valued at $74/sq ft. Utilities include water, sewer, gas, and electricity, with internet service available. The property also boasts RV parking and is partially furnished, offering a turnkey opportunity for a restaurant or other commercial venture. The building's location at the start of the downtown area places it in the path of all visitors. There's potential for expansion, with 40 feet of height available (minus 5 feet for the alley). The property includes existing furniture, fixtures, and appliances, should the buyer wish to continue operating as a restaurant and bar. A rear space offers the possibility of a live/work arrangement. The property taxes for 2023 totaled $6,229. The occupancy date is June 25, 2024. This is a rare chance to own a piece of Silverton's vibrant history and capitalize on its thriving tourism industry.