435 Lincoln Ave Steamboat Springs, CO 80487
- Retail space
- 9,664 SF
- 0.40 lot acres
Current Use by Public Records
- Mai Thai Cuisine / Thai Restaurant
- Steamboat Floral / Florist / Candle Store
- Crooked Key Escape Rooms / Escape Room Center
- Ranch Organics LLC / Beauty / Service Establishment
- Cowgirl & Angels / Gift Shop
Property Details for 435 Lincoln Ave
- Year built
- 1990
- Lot size
- 0.40 lot acres
- Property size
- 9,664 SF
- Property type
- Retail space
- APN
- 145026005
- APU
- 145026005
Description
This exceptional opportunity presents a rare chance to acquire a thriving second-generation brewpub or adapt the space for a full-service restaurant in the heart of Steamboat Springs, Colorado. Situated at the bustling intersection of Lincoln Avenue and 5th Street, this property benefits from an estimated one million annual visitors, placing it at one of the busiest intersections in the city's downtown core. The space boasts a significant advantage with a large patio directly within the flow of pedestrian traffic, catering to both tourists and local residents. The existing ten-barrel brewery system is available for purchase from the previous tenant, providing a turnkey operation for a brewpub concept. Alternatively, the space is easily adaptable to any full-service restaurant concept, offering flexibility for a wide range of culinary ventures. Located at 435 Lincoln Ave, Steamboat Springs, CO 80487, in Routt County, this single-tenancy property presents a unique blend of established success and adaptable potential in a prime location. The property's high visibility and foot traffic ensure a strong foundation for a successful business. This is a truly exceptional opportunity to establish or expand a restaurant or brewpub business in one of Colorado's most desirable mountain towns.
Value Estimations
-
CAP approach
- CAP Return
- Estimation
- 6%
- $2,740,000
- 6.5%
- $2,530,000
- 7%
- $2,350,000
-
Comparable approach
- Method
- Estimation
- AI Estimate
- $2,205,000
Market price range: $1.13M - $2.97M
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Location Insight
- Map
- Local Demand
- City
- Steamboat Springs
- County
- Routt
- State
- Colorado
- Longitude
- -106.831
- Latitude
- 40.4838
- CBSA code
- 44460
- CBSA name
- STEAMBOAT SPRINGS, CO MICROPOLITAN STATISTICAL AREA