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17460 Cr 501

Vallecito Lake/Bayfield, CO 81122
  • $850,000
  • STATUS: Active
  • ON SITE: 28 Days
  • MLS #: 792631
UPDATED: 43 min ago
$850,000
  • 0
    BEDS
  • 1
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 7,798
    SQFT
  • $109
    $/SQFT
Neighborhood:
Type:
Commercial
Built:
1962
County:
Area:

School Ratings & Info

Listing courtesy of The Wells Group Of Durango, Inc..


Description

A new opportunity is waiting for you! This property is like no other on the market. Nestled in the dramatic San Juan Mountains, this restaurant sits on the water at Vallecito Lake. The location is only part of why this would be a great investment opportunity. The restaurant is turn-key with assets in place, ready for an experienced operator to take it and run. It comes with a fully loaded kitchen, bar, dining room, office & storage space, enormous outdoor patio with a fire pit and two furnished upstairs apartments. Which are currently used as short-term rentals. A buyer could rent one or both apartment units to a restaurant manager or use them for themselves, or simply rent them as short or long-term use. The current owners completely renovated this circa 1968 building in 2018. They kept a large dose of local character and fixed all the big-ticket items from water well, septic system, flooring, electrical wiring throughout, ALL kitchen & bar equipment was updated in 2018, new Ansul system, renovated bathrooms, 4 new pellet stoves, replaced partial roof and the list goes on. The inventory is complete with furniture, fixtures, equipment in place, even down to the outdoor picnic tables for expanding the seating capacity in the summer months. A comprehensive list of kitchen and bar equipment is available. It is well suited not only as a fully functional restaurant and bar but also could host large group events, company retreats and reunions. Expanding the event and catering aspect would be a natural fit for this property. The established location is highly visible and easy to access. This is a unique and versatile property with endless expansion possibilities, such as adding a coffee shop, souvenir shop, wedding venue etc. Vallecito Lake has seen a resurgence of visitors in RVs, campers, hikers, fishermen and boating enthusiasts as well as the increasing local population.

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The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange (IDX) program of Colorado Real Estate Network, Inc. (CREN), © Copyright 2022. All rights reserved. All data deemed reliable but not guaranteed and should be independently verified. This database record is provided subject to “limited license” rights. Duplication or reproduction is prohibited.
FULL CREN Disclaimer

Real Estate listings held by companies other than Western Slope Real Estate contain that company’s name.
Fair Housing Disclaimer

This data was last updated: 2022-05-22T17:56:54.87.
www.lovewhereyouliveco.com/homes/128000894
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17460 Cr 501 Vallecito Lake/Bayfield, CO 81122

  • Price: $850,000
  • Status: Active
  • On Site: 28 Days
  • Updated: 43 min ago
  • MLS #: 792631
0
Beds
0
Baths
0
½ Baths
1
Acres
7,798
SQFT
$109
$/SQFT
1962
Built
Neighborhood:
Vallecito
County:
La Plata
Area:
Vallecito
Property Description
A new opportunity is waiting for you! This property is like no other on the market. Nestled in the dramatic San Juan Mountains, this restaurant sits on the water at Vallecito Lake. The location is only part of why this would be a great investment opportunity. The restaurant is turn-key with assets in place, ready for an experienced operator to take it and run. It comes with a fully loaded kitchen, bar, dining room, office & storage space, enormous outdoor patio with a fire pit and two furnished upstairs apartments. Which are currently used as short-term rentals. A buyer could rent one or both apartment units to a restaurant manager or use them for themselves, or simply rent them as short or long-term use. The current owners completely renovated this circa 1968 building in 2018. They kept a large dose of local character and fixed all the big-ticket items from water well, septic system, flooring, electrical wiring throughout, ALL kitchen & bar equipment was updated in 2018, new Ansul system, renovated bathrooms, 4 new pellet stoves, replaced partial roof and the list goes on. The inventory is complete with furniture, fixtures, equipment in place, even down to the outdoor picnic tables for expanding the seating capacity in the summer months. A comprehensive list of kitchen and bar equipment is available. It is well suited not only as a fully functional restaurant and bar but also could host large group events, company retreats and reunions. Expanding the event and catering aspect would be a natural fit for this property. The established location is highly visible and easy to access. This is a unique and versatile property with endless expansion possibilities, such as adding a coffee shop, souvenir shop, wedding venue etc. Vallecito Lake has seen a resurgence of visitors in RVs, campers, hikers, fishermen and boating enthusiasts as well as the increasing local population.
Exterior Features

Acreage Range 1-1.99 Approx Irrig Acres 0.5 Carport No Lot Dimension 1 AC Parking Off StreetGravel Property Description Borders Public Land Roof Metal Sewer Engineered Septic Stories 2 Street Description CountyShared Drive Water Shared Well/Spring Water Well Yes Waterfront Lake/Reservoir Waterfront YN Yes

Interior Features

Finished Sq Ft 7798 Flooring CarpetVinyl Furn Fixt Equip Kitchen EquipmentTablesChairs Heating Fuel Source PelletPropane Main Sq Ft 6358 One Quarter Baths 0 Upper Sq Ft 1440

Property Features

Books Available Yes Cam No Covenants No Current Use RestaurantLodging Desc Of Business Restaurant/Wedding Venue Exchange Trade No Existing Utilities ElectricSepticWater Fixtures Included Yes Inventory Included Yes Lease Included No New Construction YN No Owners Association No Possible Property Use Bar/LoungeLodgingMixed-UseRestaurantRetail Storefront Real Estate For Sale Yes Reo Lender Owned No Tax Year 2021 Total Taxes 5314 Type Restaurant Variable Rate No Water Rights Yes Year Started 2018 Zoning Type Commercial

The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange (IDX) program of Colorado Real Estate Network, Inc. (CREN), © Copyright 2022. All rights reserved. All data deemed reliable but not guaranteed and should be independently verified. This database record is provided subject to “limited license” rights. Duplication or reproduction is prohibited.
FULL CREN Disclaimer

Real Estate listings held by companies other than Western Slope Real Estate contain that company’s name.
Fair Housing Disclaimer

This data was last updated: 2022-05-22T17:56:54.87.
 
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Western Slope Real Estate
1338 Grand Ave, Suite 313
Glenwood Springs CO, 81601
Listing courtesy of The Wells Group Of Durango, Inc..