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173 S Gunnison Ave 3,018 SF Retail Building Lake City, CO 81235 $1,239,128 CAD ($410.58 CAD/SF)

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INVESTMENT HIGHLIGHTS

  • State Highway Frontage
  • Recent improvements to property
  • Multiple revenue streams

EXECUTIVE SUMMARY

This well-established business is a unique opportunity with deep roots in the community. Spanning 0.95 acres, it includes a restaurant, gas station and convenience store, bar, and onsite living quarters, all located in the picturesque San Juan Mountains. Just minutes from historic downtown Lake City and the scenic Lake Fork of the Gunnison River.
At the heart of the establishment is the restaurant, which specializes in mouthwatering BBQ dishes and hamburgers. It features a recently upgraded commercial kitchen and a welcoming atmosphere that draws in both locals and tourists. Attached to the restaurant is a convenience store, where customers can grab snacks, fuel, and even lottery tickets, making it a convenient stop for travelers.
The Ol’53 Bar adds a distinctive charm to the business. Its centerpiece—a vintage 53 Dodge tow truck—enhances the rustic vibe and stages the local music talent, while the beautifully crafted 24-foot wooden bar offers a cozy space for patrons to unwind. The bar includes a game room, office, and storage, and in the summer, garage doors open to let in the fresh mountain air, allowing guests to enjoy the outdoors. Outdoor seating arrangements encourage customers to relax by fire pits and engage in games like corn hole, creating a vibrant community atmosphere.
The business is well-loved by locals and visitors alike, making it a cherished part of the community. Its prime location and established reputation offer numerous opportunities for growth, allowing new owners to enhance its offerings and tap into the events market. This venture not only provides a chance to run a thriving business but also to embrace the dream of mountain living in a stunning setting.

PROPERTY FACTS

Sale Type
Investment or Owner User
Sale Condition
Business Value Included
Property Type
Retail
Property Subtype
Restaurant
Building Size
3,018 SF
Building Class
C
Year Built
1959
Price
$1,239,128 CAD
Price Per SF
$410.58 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.07
Lot Size
0.95 AC
Zoning
Other - Located in county. commerical and multi-use

ABOUT 173 S GUNNISON AVE , LAKE CITY, CO 81235

Onsite living quarters provide a renovated one-bedroom apartment within the garage, offering comfortable accommodation for owners or staff. This feature allows for a convenient work-life balance. One of the standout elements of this property is the backyard amphitheater, perfect for hosting events like weddings, family reunions, and live music performances. With a stage, pavilion, and plenty of space for activities, this area holds significant potential.

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
R002046
Land Assessment
$85,668 CAD
Improvements Assessment
$81,044 CAD
Total Assessment
$166,712 CAD
  • Listing ID: 35009657

  • Date on Market: 2025-03-04

  • Last Updated:

  • Address: 173 S Gunnison Ave, Lake City, CO 81235

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