100 4 Ave Fort Garland, CO 81133
Exceptional commercial opportunity in Fort Garland, Colorado, awaits! This 6,324-square-foot restaurant, formerly the popular Silver Sage Steakhouse, sits on a 0.96-acre lot (41,800 sq ft) with 220 feet of frontage on US Highway 160. Boasting 1.8 million annual vehicle counts and stunning Blanca Mountain views, this property offers unparalleled visibility and accessibility. The building, constructed in 1980, is zoned for commercial use and features ample parking, easily accommodating RVs and larger vehicles. Inside, discover multiple dining areas, a fireplace, a wood-burning stove, a stage perfect for live performances, and a full commercial kitchen complete with a hood system, walk-in cooler, and ample storage for catering equipment. All existing furniture, fixtures, and equipment (FF&E) are included. A large covered deck provides space for outdoor seating, while the expansive lot presents diverse development potential. Consider expanding the existing restaurant, adding a drive-thru, establishing a coffee shop or ice cream parlor, creating a food court, incorporating retail space, or even developing RV parking or overnight accommodations. The APN is 60002080. Asking price: $275,000. This is a rare chance to own a well-established business in a high-traffic area with significant expansion possibilities.
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.