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720 Lincoln Ave 3,245 SF Retail Building Steamboat Springs, CO 80487 $3,950,000 ($1,217.26/SF)
Investment Highlights
- Central location in downtown Steamboat Springs.
Executive Summary
Looking for a Prime location in Downtown Steamboat? Here is your chance to own on the best block and the sunny side of the street between 7th and 8th. Think of this one as both a good income property with a lease until 2030 (with a 5 year renewal option) for the existing restaurant (lease can be terminated upon purchase) plus the chance to develop the open side now which is provided for in the lease. If you are looking for income and want to be part of the transformation that is happening in Steamboat it is worth looking at this property for a long term investment / 1031 opportunity.
Financial Summary (Actual - 2024) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$130,080
|
$40.09
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$130,080
|
$40.09
|
| Taxes |
$14,926
|
$4.60
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$14,926
|
$4.60
|
| Net Operating Income |
-
|
-
|
Financial Summary (Actual - 2024)
| Gross Rental Income | |
|---|---|
| Annual | $130,080 |
| Annual Per SF | $40.09 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $130,080 |
| Annual Per SF | $40.09 |
| Taxes | |
|---|---|
| Annual | $14,926 |
| Annual Per SF | $4.60 |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $14,926 |
| Annual Per SF | $4.60 |
| Net Operating Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Restaurant
Building Size
3,245 SF
Building Class
B
Year Built/Renovated
1980/2010
Price
$3,950,000
Price Per SF
$1,217.26
Tenancy
Single
Building Height
2 Stories
Building FAR
0.29
Lot Size
0.26 AC
Parking
12 Spaces (3.7 Spaces per 1,000 SF Leased)
Frontage
55’ on U.S. 40
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
- 720 Fusion Fresh
- Accommodation and Food Services
- 3,245 SF
- $40.00
- Single Net
- Oct 2030
| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
| 720 Fusion Fresh | Accommodation and Food Services | 3,245 SF | $40.00 | Single Net | Oct 2030 |
Fairly walkable
50/100
Exceptionally drivable
100/100
Limited public transit
30/100
Moderately bikeable
60/100
Nearby Major Retailers
Property Taxes
| Parcel Number | R7716685 | Total Assessment | $356,060 |
| Land Assessment | $293,890 | Annual Taxes | $14,926 ($4.60/SF) |
| Improvements Assessment | $62,170 | Tax Year | 2024 |
Property Taxes
Parcel Number
R7716685
Land Assessment
$293,890
Improvements Assessment
$62,170
Total Assessment
$356,060
Annual Taxes
$14,926 ($4.60/SF)
Tax Year
2024
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720 Lincoln Ave
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