123 W Grand Ave Mancos, CO 81328
For Sale
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This exceptional commercial property presents a rare investment opportunity in the heart of Mancos, Colorado. Located at 123 W GRAND Avenue, this 2,088 square foot building sits on a 0.11-acre lot and is priced at $625,000. The property boasts a prime location within Mancos' thriving business district, benefiting from high visibility and foot traffic. Currently housing The Columbine Bar and Grill (business not included in sale), this longtime local landmark offers a well-established presence. The interior features a spacious and well-lit dining area, complemented by a mahogany bar and attractive tongue-and-groove aspen paneling. A private fenced patio provides additional outdoor space. Undergoing extensive renovations between 2020 and 2021, the building received significant upgrades. These improvements included a complete roof replacement, new ceiling, electrical system overhaul, updated water lines, and a modern heating and cooling system. The kitchen and prep areas were also extensively enhanced, featuring a new walk-in cooler and state-of-the-art appliances. The building's exterior was also refreshed with new double-pane windows, all while carefully preserving the historical integrity of this 1910 structure. This property offers a unique blend of historical charm and modern functionality, making it an ideal investment for discerning buyers seeking a well-located, high-quality commercial space in a growing Colorado town.
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Columbine Bar & Grill Bar & Pub Restaurant
DMU: Downtown Mixed-Use. The Downtown Mixed-Use District is designed for application to Downtown Mancos to allow a vibrant mix of commercial, retail, office, light industrial, and residential uses that allow residents and visitors to enjoy the hub of the community. (h)
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Property description
Physical attributes from public recordsZoning & alternative use
DMU · Mancos, CODMU: Downtown Mixed-Use. The Downtown Mixed-Use District is designed for application to Downtown Mancos to allow a vibrant mix of commercial, retail, office, light industrial, and residential uses that allow residents and visitors to enjoy the hub of the community. (h)
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.