240 Elizabeth St, Unit 101-11 Elizabeth, CO 80107-7537
- Strip malls
- 900 SF
- 1.09 lot acres
Current Use by Public Records
- Asia Kitchen / Asian Restaurant / Restaurant
- Shellac Nail & Spa / Nail Salon
- Maia Cooperative / Animal Feed Store
- Full Moon Saloon / Bar
- AdventHealth Medical Group Primary Care at Elizabeth / Medical Clinic
Property Details for 240 Elizabeth St
- Year built
- 1999
- Lot size
- 1.09 lot acres
- Property size
- 900 SF
- Zone code
- RC
- Property type
- Strip malls
- Property subtype
- Neighborhood centers
- APN
- 85131-24-002
- APU
- 8513124002
Description
This exceptional turnkey restaurant opportunity, formerly the Saw Mill Bar and Grill, is located at 240 S Elizabeth St, Elizabeth, CO 80107, at the intersection of Highway 86 and Elizabeth Street. The 4,075 square foot Full Moon Saloon boasts a recently completed (December 2023) high-end remodel, featuring a dance floor, music stage, and pool table. The property includes a spacious indoor area with a 172-person occupancy and an outdoor patio accommodating an additional 65 guests. Two liquor licenses are in place, along with a fully equipped kitchen capable of serving a complete menu. The business is currently operational and includes a staff of two cooks and multiple servers/bartenders who plan to remain. The sale includes the assumption of the existing lease. The seller is motivated and open to offers, including seller financing options. The asking price for the business is $299,000. The total building size is 14,767 square feet, offering potential for expansion or other uses. The seller is also willing to sell some equipment separately, making this an ideal opportunity for an existing restaurant seeking a new location. This is a rare chance to acquire a thriving establishment in a rapidly expanding Front Range community. Serious inquiries only.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $5,825,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $5,820,000
- 6.5%
- $6,240,000
- 7%
- $6,665,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $7,020,000
- Geo Method
- $6,520,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $6,445,000
- Retail
- $5,605,000
- Mixed-Use
- $6,710,000
- Hospitality
- $6,925,000
- Educational
- $6,605,000
- Residential Income
- $6,705,000
- Energy
- $6,230,000
- Income-Based Land
- $4,990,000
- Food Service
- $6,815,000
Location Insight
- Map
- Local Demand
- City
- Elizabeth
- County
- Elbert
- State
- Colorado
- Longitude
- -104.61
- Latitude
- 39.3606
- CBSA code
- 19740
- CBSA name
- DENVER-AURORA, CO METROPOLITAN STATISTICAL AREA