942 Lincoln Ave Steamboat Springs, CO 80487
- Parking lots & garages
- 2,395 SF
- 0.40 lot acres
Current Use by Public Records
- Conoco / Gas Station / Diesel Fuel Supplier
- Napa Autocare Center / Auto Repair Shop
Property Details for 942 Lincoln Ave
- Year built
- 1956
- Lot size
- 0.40 lot acres
- Property size
- 2,395 SF
- Property type
- Parking lots & garages
- APN
- 145014007
- APU
- 145014007
Description
This exceptional 17,500 sq ft land parcel, located at 942 Lincoln Ave in Steamboat Springs, CO, presents a unique investment opportunity. Currently operating as a profitable gas station and service center since 1977, the property boasts four fuel pumps, three service bays, a small office, and ample yard space. Situated in the heart of downtown, it benefits from high daily traffic (27,000 vehicles) and proximity to restaurants, shops, lodging, and entertainment. The Commercial Old Town zoning allows for a maximum building height of 38 feet and a 200% floor area ratio (35,000 sq ft), offering significant redevelopment potential. Adjacent to a new city hall and fire station project (under construction), this location is poised for growth. The property's strong performance and above-average gross margins make it an attractive investment, whether continuing current operations or pursuing a complete redevelopment. The existing business provides income potential during any redevelopment process. This is one of only two gas stations in downtown Steamboat Springs, a highly desirable tourist destination, and within a ten-minute drive of Steamboat Ski Resort, recently ranked the top ski resort in North America. The APN is R7718390. The asking price is $3,950,000.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Steamboat Springs
- County
- Routt
- State
- Colorado
- Longitude
- -106.836
- Latitude
- 40.4875
- CBSA code
- 44460
- CBSA name
- STEAMBOAT SPRINGS, CO MICROPOLITAN STATISTICAL AREA
