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Property profile & analytics
OFF-MARKET Estimated value $770,000
Retail space

351 Market St R706 Basalt, CO 81621-7409

2,894 SF 0.04 ac lot Built 2017
Entity Owned 6-yr Hold Absentee Owner ~ Est. High Equity
Property ID
US13-2219532
Property summary
AI-generated overview

This exceptional opportunity presents the sale of a well-established, full-service restaurant and bar, The Wienerstube, located in the highly desirable Willits Town Center in Basalt, Colorado. Situated on Market Street with direct access from Highway 82, this 2,855 square foot space boasts a prime location within a vibrant commercial hub. The Willits Town Center offers high visibility and consistent foot traffic from locals, tourists, and residents of nearby luxury developments, including a Whole Foods Market and upscale condos. Neighboring businesses include high-end retail, fitness centers, and professional services, creating a strong customer base. The property benefits from ample parking and convenient pedestrian access. The Wienerstube features a well-designed kitchen and a fully equipped bar, providing a turnkey operation for a new owner. This versatile space is ideal for continuing the existing restaurant's success or launching a completely new dining concept. The Willits Town Center frequently hosts community events, further enhancing the location's appeal and exposure. This is a rare chance to acquire a thriving business in a premier location within a bustling community. The sale price is $599,000 and excludes the real estate.

Property profile
Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 2017
Total area 2,894 SF
Lot 0.04 ac (1,655 SF)
APN 2465 023 45 006
UPID US13-2219532
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Wienerstube Restaurant Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
$625k
Comparable Approach Comparable
$793k
Blend (final) Blend
$770k
Owner & transaction history
Willits Town Center LLC · 6 yrs held
Willits Town Center LLC
since 2020
2 recorded transactions
2020
Price N/A
1969
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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