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Chillin' BBQ Business with Apartment 205 N Gunnison Ave 1,139 SF 91% Leased Retail Building Lake City, CO 81235 $595,000 ($522.39/SF)



Investment Highlights
- Location in the heart of the Town of Lake City. Year Round business with living space on second floor.
Executive Summary
Location! Location! Location! A Lake City favorite of locals and tourists alike, Chillin' is a year round breakfast, lunch & live music on Friday night gathering place where 40+ years of BBQ tradition meets the scenic mountains of Lake City, Colorado. Established in 2014, the retired firefighter owner brings authentic, slow-smoked BBQ with no shortcuts to every plate. Indoor seating for 22, outdoor front deck seating for 50 and large back patio area/music venue for up to 150 with a 10' x 18' lighted music stage with pergola. The business name, good will, POS system, security system and vendors will be included in the sale. The commercial kitchen offers a Type 2 Vent-A-Hood, (1) 4' refrigerated prep table, (1) 4' refrigerated salad bar, 4place countertop steam table, 3 panini grills, countertop convection oven, 2-burner hot plate, ice machine, 6' beer cooler, smoothie machine and new espresso machine, in addition to all indoor/outdoor dining fixtures and free standing patio heating units. The back patio area offers a detached covered bar with refrigerator & ice chest, 2 pellet smokers, Blackstone griddle, 8-burner Charbroil grill, and detached storage shed that will convey to a new owner. Additionally there are multiple freezers, refrigerators and shelved storage areas to prep for the busy summer tourist season. Best-of-all...an owner/operator can live upstairs in the efficiency apartment offering 1 bedroom with a 3/4 bath and open kitchen/living area. Property is zoned Central Business District with direct access via State Highway 149 (aka: Gunnison Avenue). Ideally located in the heart of the Town of Lake City's Historic District, adjacent to the Town Park off of the back alley, and within walking distance to the river trails, Memorial Park, Lake City Arts, Armory, shops, Lake City Public Library, churches and Lake City Community School. Great business opportunity with built-in residence in the scenic San Juan Mountains. Please note that any exterior remodel and/or additions will need to be approved by the Historic Approval Board. Due to the year round business, showing appointments need to be scheduled in advance. Please contact Brokers for additional information.
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Building Size
1,139 SF
Building Class
C
Year Built
1930
Price
$595,000
Price Per SF
$522.39
Percent Leased
91%
Building Height
2 Stories
Building FAR
0.26
Lot Size
0.10 AC
Zoning
CBD - Central Business District within the Town of Lake City, Colorado
Frontage
37’ on North Gunnison Avenue
Major Tenants Click Here to Access
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease End
- Chillin'
- Accommodation and Food Services
-
99,999 SF
- -
- -
| Tenant | Industry | SF Occupied | Rent/SF | Lease End | ||
| Chillin' | Accommodation and Food Services | 99,999 SF | - | - |
Somewhat walkable
20/100
Exceptionally drivable
100/100
Fairly bikeable
40/100
Property Taxes
| Parcel Number | R002991 | Improvements Assessment | $42,990 |
| Land Assessment | $16,200 | Total Assessment | $59,190 |
Property Taxes
Parcel Number
R002991
Land Assessment
$16,200
Improvements Assessment
$42,990
Total Assessment
$59,190
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Chillin' BBQ Business with Apartment | 205 N Gunnison Ave
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