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Investment Highlights

  • Living Quarters

Executive Summary

Restaurant is currently leased. The popular Lake City Cafe eatery is coming on the market offering a great investment opportunity. Being sold with equipment and furnishings for both businesses for a smooth startup transition. The restaurant has been closed this summer but was run as a year-round business for many years. Lake City has missed this popular eatery so if you always wanted to live in a historic mountain town and operate a business this may be a fit for you. Call us to set up a viewing today!

Property Facts

Sale Type
Investment or Owner User
Sale Condition
Business Value Included
Property Type
Retail
Property Subtype
Storefront Retail/Residential
Building Size
4,214 SF
Building Class
C
Year Built/Renovated
1888/2023
Price
$985,000
Price Per SF
$233.74
Tenancy
Single
Building Height
1 Story
Building FAR
0.45
Lot Size
0.22 AC
Zoning
Tourist

About 310 N GUNNISON AVE , LAKE CITY, CO 81235

The commercial space is 3,075± square feet, which currently houses a coffee house, restaurant, bar, and large kitchen. The space also offers a large outdoor dining area accessible by the restaurant and coffee shop. Large outdoor seating is a rarity in the Lake City restaurant scene, making for a great asset to this property. Being sold with equipment and furnishings for both businesses for a smooth startup transition. The restaurant has been closed this summer but was run as a year-round business for many years. Attached to the commercial property is a 1,128± square feet of living quarters. The living quarters offer 2 bedrooms, 2 baths with a large kitchen and living area. The living area has access to a deck and fenced yard. The living quarters has their own private entrance or can be accessed through the restaurant.

Major Tenants

  • Tenant
  • Industry
  • SF Occupied
  • Rent/SF
  • Lease End
  • Beny's Resturant
  • -
  • -
  • -
  • Dec 2025
Tenant Industry SF Occupied Rent/SF Lease End
Beny's Resturant - - - Dec 2025
Somewhat walkable
20/100
Exceptionally drivable
100/100
Fairly bikeable
40/100

Property Taxes

Property Taxes

Parcel Number
R001133
Land Assessment
$23,720
Improvements Assessment
$72,670
Total Assessment
$96,390
  • Listing ID: 29211869

  • Date on Market: 8/7/2023

  • Last Updated:

  • Address: 310 N Gunnison Ave, Lake City, CO 81235

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