210 Rpd Ln Grand Lake, CO 80447
Prime Grand Lake, Colorado restaurant and bar opportunity awaits! This 7,600 square foot establishment, built in 1915, sits on a 0.26-acre lot at 210 Rapids Ln, offering a unique riverside location. The property boasts a 4,000 square foot main level encompassing a restaurant, bar, and banquet room, perfect for year-round operation. Enjoy outdoor dining along the stream during warmer months. Upstairs, a 2,600 square foot area houses six uniquely decorated bed and breakfast suites, adding to the revenue potential. The owner's quarters are a significant perk, comprising a 980 square foot, two-bedroom, two-bathroom apartment on the third level. The property extends to the middle of the stream, providing 100 feet of river frontage. Conveniently located just beyond the east end of the boardwalk and 2.5 blocks from the beach, this property presents a rare chance to own a thriving business in a desirable Colorado mountain town. The asking price is $2,599,000, reduced from $2,998,000, allowing for potential updates and renovations. This is a turn-key opportunity to own a successful restaurant and bar with additional income streams.
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
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Property description
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Risks
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