3821 A&B E Highway 160 Hwy - Restaurant FOR SALE


Pagosa Springs, CO 81147
$1,475,000 USD
970-880-2830
3821 A&B E Highway 160 Hwy, Pagosa Springs, CO for Sale
$1,475,000 USD
Restaurant - FOR SALE
1/10
null | Request Cap Rate

3821 A&B E Highway 160 Hwy
Pagosa Springs, CO 81147


HIGHLIGHTS

  • Restaurant in prime location between Pagosa Springs and Wolf Creek Ski Resort with on site housing for workforce housing.

OVERVIEW

This is truly a unique opportunity to own a piece of Pagosa Springs history. The Ole Miner has been a successful restaurant for decades. Through it's many owners and different lives of operation it has generated a strong following as it sits on a prime thoroughfare leading to the famous Wolf Creek Ski Resort. During the pandemic, when it was last in operation, the parking lot was full with customers coming back from the ski resort, staying at the lodge next door, and or those taking a short 5 minute drive from town to experience something truly unique. The interior motif celebrates the deep mining history within Colorado. The heated patio is perfect for apres ski activities. Yes, this piece of Pagosa history is just waiting for its next Owner to fire up the live music again for all to enjoy. This turnkey operation comes with all the trade fixtures necessary to run a successful restaurant including interior furnishings. The restaurant itself consists of approx 6000 square feet but if that was not enough there is also a manufactured home and barn on the site for either the owners to use, work force housing, or to generate some steady ancillary rental income. This updated manufactured home is 1943 square feet consisting of 3 bedrooms and 1.75 bathrooms. The opportunities are truly endless with this unique piece of Pagosa Springs history. Be sure to book your agent accompanied tour today. Owner is open to Owner financing.

FOR SALE DETAILS

PRICE

$1,475,000 USD

PRICE/SF

$211 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY NAME

Ole Miners Steakhouse

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Restaurant

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1973

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

4.12 AC

LAND SF

179,467 SF

ZONING

commercial

APN/PARCEL ID

570105100017

ASK ABOUT THIS PROPERTY

Chris MottSherpa Real EstateMore Info
970-880-2830

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Chris MottSherpa Real EstateMore Info
970-880-2830

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.