Truffle Pig - 2250 Apres Ski Unit C-315 way - Restaurant FOR SALE


Steamboat Springs, CO 80487
$5,945,000 USD
970-819-6930
Truffle Pig - 2250 Apres Ski Unit C-315 way, Steamboat Springs, CO for Sale
$5,945,000 USD
Restaurant - FOR SALE
1/46
null | Request Cap Rate

Truffle Pig - 2250 Apres Ski Unit C-315 way
Steamboat Springs, CO 80487


HIGHLIGHTS

  • Located at Base of Steamboat Ski Area
  • Accommodates 175 Inside, plus 100 seats on Patio
  • Stunning Slopeside Views

OVERVIEW

Now below comps & seller is looking for an offer. Truffle Pig is in the best dining location at the base of the Steamboat Ski area & Alterra's $200M in upgrades makes this a strategic location. Owning the restaurant and real estate gives the opportunity to take costs of future lease increases to your bottom line. You also get to avoid the time, investment & uncertainty of building, staffing, & starting a new restaurant. Truffle Pig is located in the center of the base area within a few hundred feet of the 2 new high capacity gondolas & one high speed 6 pack lift that serve the base. It is in the center of the prime lodging area with the vast majority of short term rentals. Steamboat’s STR capacity was over 20,500 in 2022 with several new luxury condo buildings planned at the base. It is hard to picture where another restaurant could be built with better proximity to more people & any new restaurant at the base is likely to only be for lease. Easy access with free valet parking & close proximity to base area lodging. Significant transportation improvements are in process including a higher capacity gondola from the Meadows lot & a new transportation center. There are only two fine dining restaurants at the base area with limited opportunity for more. It’s quicker & more convenient to dine at Truffle Pig than in town, so this location is likely to benefit from visitor growth & limited supply. There is 5,108 sf of finished space that seats 175 inside with a large bar, plus 100 seats on the patio with a view up the mountain. Truffle Pig has a loyal customer base & has over 1,000 reviews on Open Table. Construction at the base in the summer has either limited or shut down ski area operations for the last 4 years . Full operations now that the upgrades are complete, have the potential to provide a good boost in business levels to the next owner. Real estate for $4.95M ($969/sf) and Business for $995,000. Financials available with an NDA.

FOR SALE DETAILS

PRICE

$5,945,000 USD

PRICE/SF

$1,164 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Owner User

BUILDING DETAILS

PROPERTY NAME

Truffle Pig Restaurant

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Restaurant

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2009

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.6 AC

LAND SF

25,927 SF

ZONING

G-2

APN/PARCEL ID

R8173674

ASK ABOUT THIS PROPERTY

Jon WadeThe Steamboat GroupMore Info
970-819-6930

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Jon WadeThe Steamboat GroupMore Info
970-819-6930

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