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1117 Lincoln Ave 3,250 SF 100% Leased Retail Building Steamboat Springs, CO 80487 $2,052,770 CAD ($631.62 CAD/SF) 5.32% Cap Rate



Investment Highlights
- Fully leased mixed use investment with stable NNN income
- Two income streams with restaurant and 2Br/1Ba apartment
- Green Zone location allows STR potential and future upside
- Prime downtown Steamboat location with excellent visibility
- Private off street parking with excellent frontage and access
Executive Summary
Fully leased mixed-use investment property located in the heart of downtown Steamboat Springs on highly visible Lincoln Avenue. The 3,250 SF building is home to the popular Seedz Restaurant, a well established and successful business that has operated at the location for nearly a decade. The property consists of a restaurant and commercial kitchen space plus a 2 bedroom, 1 bathroom apartment, along with a large basement and storage area included in the commercial lease. The property is fully leased on a NNN structure, providing stable income with minimal landlord responsibilities. The separated units offer two individual streams of income and provides flexibility for a future owner and/or operator. The site features excellent frontage and visibility along Lincoln Avenue and includes a private off street parking lot, plus dedicated parking for the residential unit. The location offers easy walking access to the Yampa River, Core Trail, Little Toots Park, and the shops and amenities of downtown Steamboat Springs. Located within Steamboat’s Green Zone, the residential apartment qualifies for short term rental use, offering potential for additional income growth. With strong in place cash flow and future rental upside, 1117 Lincoln Avenue represents a compelling opportunity to own a high quality downtown investment property in Steamboat Springs’ most desirable commercial corridor.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
3,250 SF
Building Class
C
Year Built
1961
Price
$2,052,770 CAD
Price Per SF
$631.62 CAD
Cap Rate
5.32%
NOI
$109,207 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
0.44
Lot Size
0.17 AC
Zoning
AA3
Parking
10 Spaces (3.08 Spaces per 1,000 SF Leased)
Major Tenants Click Here to Access
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
- Seedz Restaurant
- Accommodation and Food Services
-
99,999 SF
- -
-
Lorem Ipsum
- -
| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
| Seedz Restaurant | Accommodation and Food Services | 99,999 SF | - | Lorem Ipsum | - |
Somewhat walkable
30/100
Exceptionally drivable
100/100
Limited public transit
30/100
Moderately bikeable
60/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 319200002 | Improvements Assessment | $15,516 CAD |
| Land Assessment | $200,004 CAD | Total Assessment | $215,520 CAD |
Property Taxes
Parcel Number
319200002
Land Assessment
$200,004 CAD
Improvements Assessment
$15,516 CAD
Total Assessment
$215,520 CAD
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1117 Lincoln Ave
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