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Property profile & analytics

240 Elizabeth St, Unit 101-11 Elizabeth, CO 80107-7537

  • Strip malls
  • 900 SF
  • 1.09 lot acres
OFF-MARKET
Value Estimation
$6,000,000
Last Sale
Apr 13, 2022
$6,200,000
Location Intelligence
Property ID
US13-0996931
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

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

by Realmo proprietary methodology Last update: July 3, 2025
  • 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

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$58,844
$138,550
$527,500
$666,050
-
$496,598
$1,890,679
$2,387,277
More about this property
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