700 Ohio St Westcliffe, CO 81252
- Office Properties & Spaces
- 6,129 SF
Current Use by Public Records
- Office Properties & Spaces
Property Details for 700 Ohio St
- Property size
- 6,129 SF
- Property type
- Office Properties & Spaces
Description
This exceptional commercial property in Silver Cliff, Colorado, presents a unique investment opportunity. Located at 700 Ohio St, this 6,129 square foot building is currently home to Willie's Place, a well-established breakfast and lunch restaurant operating successfully since 2012. The restaurant boasts a recently remodeled kitchen and prep area, a partially renovated dining space, and recent upgrades including a new roof, fresh paint, and new swamp coolers. The property also includes a 2-bedroom, 1-bathroom living space featuring new Armstrong flooring, ideal for an owner or manager. Adding to the income potential, the property features six motel rooms; one is fully remodeled, another is undergoing renovation, and the remaining four offer significant potential for customization and additional revenue streams. The restaurant's current owner is willing to assist with staff and share recipes, ensuring a smooth transition. This property offers a blend of established business and significant expansion potential, making it an attractive investment in a charming Colorado town. The asking price is $879,000. The property's location in historic Silver Cliff, CO, zip code 81252, provides easy access to local amenities and attractions. This is a rare opportunity to acquire a turnkey operation with multiple income streams and substantial upside.
Value Estimation
-
CAP approach
-
Comparable approach
-
Alternative Use
Location Insight
- Map
- Local Demand
- City
- Westcliffe
- County
- 08027
- State
- Colorado
- Longitude
- -105.501
- Latitude
- 38.0365
