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503 W 7th St 4,692 SF 100% Leased Retail Building Walsenburg, CO 81089 $549,547 CAD ($117.12 CAD/SF)



EXECUTIVE SUMMARY
Welcome to Fat Fenders Roadhouse; where fine dining, a lounge, and good friends come together. A turnkey business ready for you to put your own spin on it. The large dining room is separate from the lounge and connects to a bonus room currently used for pool tournaments, dancing or large parties. The west side of this property has been used as an outdoor beer garden and has a separate street entrance. The two offices/break rooms which can be a small studio apartment contribute to the size of this incredible building. Additional highlights include a full kitchen with large stove, fire suppression hood, new refrigerator, coolers, steam table, updated electrical, new water lines, new furnace, air conditioning, backflow system, new flooring, fresh paint, and 4 renovated bathrooms with fresh fixtures. Parking is not a problem, as the building sits on over 1/4 acre with plenty of parking. Property includes a secured garage and historical icehouse storage building.
The property is 145 years old and has been many businesses throughout time; including a Ute & Navajo trading post. This property borders 7th St., AKA Highway 160. Over 3 million vehicles travel this road yearly. Owner carry or lease option may be considered.
The property is 145 years old and has been many businesses throughout time; including a Ute & Navajo trading post. This property borders 7th St., AKA Highway 160. Over 3 million vehicles travel this road yearly. Owner carry or lease option may be considered.
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Restaurant
Building Size
4,692 SF
Building Class
C
Year Built
1888
Price
$549,547 CAD
Price Per SF
$117.12 CAD
Percent Leased
100%
Building Height
1 Story
Building FAR
0.54
Lot Size
0.20 AC
Opportunity Zone
Yes
Zoning
C - Commercial
Frontage
PROPERTY TAXES
| Parcel Number | 19461 | Improvements Assessment | $32,825 CAD |
| Land Assessment | $19,304 CAD | Total Assessment | $52,130 CAD |
PROPERTY TAXES
Parcel Number
19461
Land Assessment
$19,304 CAD
Improvements Assessment
$32,825 CAD
Total Assessment
$52,130 CAD
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503 W 7th St
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