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Property profile & analytics
OFF-MARKET
Bars & Pubs

924 Manitou Ave Manitou Springs, CO 80829-1759

1,055 SF 0.07 ac lot Built 1936
Entity Owned Absentee Owner Free & Clear
Property ID
US13-0696601
Property summary
AI-generated overview

This exceptional 1,170-square-foot restaurant located at 924 Manitou Avenue in Manitou Springs, Colorado, presents a unique investment opportunity. Priced at $895,000, this property boasts a rich history, having served as a community staple since 1948, though recently closed due to personal reasons. Situated in the heart of Manitou Springs, a town renowned for its mineral springs and proximity to Garden of the Gods and Pikes Peak, this location benefits from exceptionally high foot traffic. The building itself features charming aesthetics, including beautiful hardwood floors and three walls of glass, maximizing natural light and showcasing the vibrant atmosphere. Its prime location next to the famous Penny Arcade further enhances its visibility and accessibility to the over 250,000 annual visitors to Manitou Springs. Built in 1935, this property offers a blend of historical charm and modern potential, making it an ideal opportunity for a discerning restaurateur or investor seeking a well-established location in a thriving tourist destination. The property is zoned for retail use and is situated in El Paso County, Colorado, zip code 80829.

Property profile
Verified
Property type Bars & Pubs
Use group BAR, TAVERN
Year built 1936
Construction WOOD FRAME
Total area 1,055 SF
Lot 0.07 ac (3,006 SF)
Zoning code DWTN
APN 7405343011
UPID US13-0696601
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
Value estimations
Realmo proprietary · 4 methods
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CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
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Owner & transaction history
HIGH STREET CO
HIGH STREET CO
Zoning & alternative use
DWTN · Manitou Springs, CO
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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