2525 S Grand Avenue, Glenwood Springs, CO 81601 (MLS# 162043)

2525 S Grand Avenue, Glenwood Springs, CO 81601

$2,359,000

Property Type: Commercial Sale Square Footage: 114,127 Lot Size (sq. ft.): 114,127 Status: Closed

Current Price: $2,359,000 List Date: 9/11/2020 Last Modified: 9/05/2024

Overview

Description

This opportunity does not present itself often. A unique restaurant building and successful business directly overlooking the Roaring Fork River. Continue the current concept or start something new! With 2.62 acres the possibilities are endless. The zoning allows for different uses from investment opportunities, warehouse, multiple residential units, office building, and beyond. This property commands someone with a vision!

Listing Details MLS# 162043

Location Info

Type: Commercial
Major Area: Glenwood Springs
Area: 09-South of Glenwood
Asking Price: 2359000
Original List Price: 2359000
Street #: 2525
Street Direction Pfx: S
Street Name: Grand
Street Suffix: Avenue
City/Town: Glenwood Springs
State/Province: CO
Postal Code: 81601

Keywords Info

Total Building SqFt: 1.001 - 5,000
Association Dues: No

Listing Info

Short Sale: No
REO: No
Auction: No
In Foreclosure: No
Member Association: Aspen Association

General Info

Sub/Loc: None
County: Garfield
Legal: On File. See Documents.
Zoning: commercial
Lot SqFt: 114127
Nbr of Acres: 2.62
Total SqFt: 114127
Unit SqFt: 4379
Business Name: Rivers Restaurant
Parcel #: 218516400074
Year Built: 1983
Directions: Heading northwest on CO-82 W, at 23rd Street, take a sharp left on to S Grand Avenue, the property is on the Right at the corner of 27th Street.

Financing Info

Metro Tax District: No
Taxes: 17199
Tax Year: 2019
Transfer Tax: No
HOA Dues: 0

Status Change Info

Under Contract Date: 2021-03-22
Proposed Close Date: 2021-05-07
Sold Date: 2021-06-17
Sold Price Per/SF: 20.67
How Sold: Cash

More Information

Remarks

Public Remarks: This opportunity does not present itself often. A unique restaurant building and successful business directly overlooking the Roaring Fork River. Continue the current concept or start something new! With 2.62 acres the possibilities are endless. The zoning allows for different uses from investment opportunities, warehouse, multiple residential units, office building, and beyond. This property commands someone with a vision!

Allowable Uses

Business w/o RE: Yes
Business w/RE: Yes
Hospitality: Yes
Hotel/Lodge: Yes
Income: Yes
Industrial - Light: Yes
Mixed Use: Yes
Multi-Family Res: Yes
Office: Yes
Restaurant/Bar: Yes
Retail: Yes
Warehouse: Yes
Other: Yes

Current Use

Restaurant: Yes

Construction

Block: Yes
Frame: Yes

Access

Paved: Yes

Condominiumized

No: Yes

Electric

Yes: Yes

Condition

Good: Yes

Basement/Substructure

Unfinished: Yes

Gas

Natural Gas: Yes

Roof

Composition Shingles: Yes
Other: Yes

Water

Public: Yes

Sanitation

Community: Yes

Water Rights

No: Yes

Extras

Fire Sprinkler Sys: Yes
Furnished: Yes
Storage: Yes

Heating/Cooling

Central AC: Yes
Forced Air: Yes

Location Amenities

Corner Lot: Yes
High Traffic Loc: Yes
High Visibility: Yes
Highway Access: Yes
River Frontage: Yes
View: Yes

Mineral Rights

No: Yes

Parking

21 + Spaces: Yes
Parking Lot: Yes

Occupant

Owner Occupied: Yes

Tenant Pays

Annual Escalation: Yes
Building Insurance: Yes
Deposit: Yes
Electricity: Yes
Exterior Maintenance: Yes
Gas: Yes
Interior Maintenance: Yes
Property Taxes: Yes
Sewer: Yes
Trash Collection: Yes
Water: Yes

Owner Pays

Site Maintenance: Yes
Structural Maint: Yes

Terms Offered

Cash: Yes

Possession

Negotiable: Yes

Sign

No: Yes

Property Features

Allowable Uses: Business w/o RE; Business w/RE; Hospitality; Hotel/Lodge; Income; Industrial - Light; Mixed Use; Multi-Family Res; Office; Restaurant/Bar; Retail; Warehouse; Other Current Use: Restaurant Construction: Block; Frame Condominiumized: No Roof: Composition Shingles; Other Condition: Good Electric: Yes Gas: Natural Gas Water: Public Sanitation: Community Tenant Pays: Annual Escalation; Building Insurance; Deposit; Electricity; Exterior Maintenance; Gas; Interior Maintenance; Property Taxes; Sewer; Trash Collection; Water Owner Pays: Site Maintenance; Structural Maint Parking: 21 + Spaces; Parking Lot Access: Paved Extras: Fire Sprinkler Sys; Furnished; Storage Location Amenities: Corner Lot; High Traffic Loc; High Visibility; Highway Access; River Frontage; View Occupant: Owner Occupied Water Rights: No Mineral Rights: No Terms Offered: Cash Sign: No Possession: Negotiable

Documents

Zoning ›

Map ›

Table of Allowable Uses ›

Building Footprint and Parcel Boundry ›

Legal Description ›

Listing Office: Setterfield & Bright

Last Updated: September - 05 - 2024

Broker Attribution: (970) 920-1833

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