240 Elizabeth St 101-11 Elizabeth, CO 80107-7537
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.
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, Article III of this Code, are not allowed in any R, MH, RC, P-I, CMU or DT Zoning District unless their storage is in conjunction with a business engaged in the repair or storage of automobiles as an approved use. (6) Individual water systems: Where individual water systems are used in place of public water facilities, minimum lot area and minimum lot fron…
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
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
RC · Elizabeth, CO, Article III of this Code, are not allowed in any R, MH, RC, P-I, CMU or DT Zoning District unless their storage is in conjunction with a business engaged in the repair or storage of automobiles as an approved use. (6) Individual water systems: Where individual water systems are used in place of public water facilities, minimum lot area and minimum lot frontage per dwelling unit shall be subject to approval of the County Health Officer or his or her authorized representative, but shall not be less than the following requirements: a. Unsubdivided land, two (2) acres and three hundred (300) feet. b. Subdivided land, one (1) acre and one hundred fifty (150) feet. (7) Individual sewerage facilities: No individual sewerage facilities will be allowed in the Town. All new structures and/or uses shall be connected to the Town's sewerage system. (8) Reduction: No part of any area or frontage required for a lot for the purpose of complying with the provisions of this Chapter shall be included as an area or frontage required for another building. (9) Maximum height of buildings, special exceptions: The height limitations of this Chapter shall not apply to spires for structures associated with places of religious assembly, belfries, cupolas, penthouses or domes not used for human occupancy, nor to chimneys, ventilators, skylights, water tanks, silos, parapet walls, cornices without windows, antennas or necessary mechanical appurtenances usually carried above the roof level, or to public buildings or structures located more than one (1) foot horizontally from the property line for each foot of building height. (10) Minimum yards: a. Reduction: No part of a yard required for any building for the purpose of complying with the provisions of this Chapter shall be included as a yard for another building, and all yards shall be open and unobstructed except as otherwise provided herein. b. Architectural features: Cornices, canopies, eaves or similar architectural features may extend into a required yard not more than two (2) feet. c. Porches: Open, unenclosed, uncovered porches at ground level may extend into a required yard not more than six (6) feet. d. Fire escapes: Fire escapes may extend into a required yard not more than six (6) feet. (11) Minimum front yard, major highways: In accordance with the procedure required by this
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.
