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Columbine Bar & Grill 123 Grand Ave 1,320 SF Retail Building Mancos, CO 81328 $723,240 CAD ($547.91 CAD/SF)



Investment Highlights
- Historic restaurant property fully leased to The Columbine Bar & Grill, blending preserved Western charm with extensive 2020-2021 renovations.
- Major updates include new roof, electrical, plumbing, HVAC, kitchen equipment, walk-in cooler, and energy-efficient storefront windows.
- Over $7.1M in annual food-away-from-home spending supports this renovated investment property with Route 160 frontage in downtown Mancos.
- Charming location features a mahogany bar, aspen paneling, a spacious dining room, and a private patio, creating a historic dining destination.
Executive Summary
Discover 123 Grand Avenue, a rare opportunity to acquire a fully leased 1,320-square-foot restaurant occupied by Columbine Bar & Grill, located on highly visible Grand Avenue/US Highway 160 in the heart of historic downtown Mancos, Colorado, with a 4.5-star Google rating. Originally constructed in 1910, this iconic Mancos landmark seamlessly blends historic architecture, preserved character, and modern upgrades, making it a standout investment in Southwest Colorado.
The extensively remodeled restaurant underwent substantial capital improvements in 2020-2021, including a new roof, ceiling, electrical system, water lines, HVAC systems, heating and cooling equipment, upgraded kitchen and prep facilities, enhanced walk-in cooler, new appliances, and energy-efficient double-pane storefront windows. These renovations were carefully completed to preserve the property's historic charm, authentic Western character, and architectural integrity while providing modern operational efficiencies for long-term ownership. The interior features include a spacious dining room, a handcrafted mahogany bar, tongue-and-groove aspen paneling, and a private, fenced patio that creates a warm, inviting dining atmosphere.
The sale includes extensive furniture, fixtures, and equipment, adding value for investors seeking a stabilized asset. 123 Grand Avenue offers strong visibility and enduring market appeal in a growing area with over $7.1 million in annual food-away-from-home spending. The location offers Highway 160 Business frontage and seamless access across the region. This unique asset combines the character of a historic downtown building with the reliability of recent, significant renovations and an established tenant.
The extensively remodeled restaurant underwent substantial capital improvements in 2020-2021, including a new roof, ceiling, electrical system, water lines, HVAC systems, heating and cooling equipment, upgraded kitchen and prep facilities, enhanced walk-in cooler, new appliances, and energy-efficient double-pane storefront windows. These renovations were carefully completed to preserve the property's historic charm, authentic Western character, and architectural integrity while providing modern operational efficiencies for long-term ownership. The interior features include a spacious dining room, a handcrafted mahogany bar, tongue-and-groove aspen paneling, and a private, fenced patio that creates a warm, inviting dining atmosphere.
The sale includes extensive furniture, fixtures, and equipment, adding value for investors seeking a stabilized asset. 123 Grand Avenue offers strong visibility and enduring market appeal in a growing area with over $7.1 million in annual food-away-from-home spending. The location offers Highway 160 Business frontage and seamless access across the region. This unique asset combines the character of a historic downtown building with the reliability of recent, significant renovations and an established tenant.
Property Facts
Sale Type
Owner User
Sale Condition
Business Value Included
Property Type
Retail
Property Subtype
Building Size
1,320 SF
Building Class
C
Year Built/Renovated
1910/1968
Price
$723,240 CAD
Price Per SF
$547.91 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.28
Lot Size
0.11 AC
Zoning
DMU
Frontage
38’ on Grand Ave
Somewhat walkable
30/100
Exceptionally drivable
100/100
Somewhat bikeable
30/100
Demographics
Demographics
1 mile
3 mile
5 mile
15 min drive
2025 Population
1,451
2,105
2,921
4,062
2030 Population
1,502
2,179
3,030
4,218
2025-2030 Projected Population Growth
3.5%
3.5%
3.7%
3.8%
Median Age
48.2
48.3
49.0
49.4
College Degree + Higher
41%
41%
40%
25%
Daytime Employees
977
1,261
1,346
2,042
Total Businesses
132
192
207
267
Average Household Income
$94,993
$95,508
$98,973
$98,816
Median Household Income
$81,136
$82,154
$86,561
$83,432
Total Consumer Spending
$22.7M
$33M
$46.6M
$64.4M
2025 Households
635
921
1,275
1,758
Average Home Value
$592,505
$597,378
$615,053
$600,045
$ values in USD
Property Taxes
| Parcel Number | R004957 | Improvements Assessment | $58,950 CAD |
| Land Assessment | $34,631 CAD | Total Assessment | $93,581 CAD |
Property Taxes
Parcel Number
R004957
Land Assessment
$34,631 CAD
Improvements Assessment
$58,950 CAD
Total Assessment
$93,581 CAD
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Columbine Bar & Grill | 123 Grand Ave
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