Virtual Tour

$875,000

For Sale

A year ago

173 S Gunnison Ave, Lake City, CO

MLS® 821651

0 Bed

4 Bath

3018 sqft

Key Facts
Description
Map

Key Facts

Type Mixed Use

Levels Commercial Sale

Size 3018 sqft

Garage No

HOA Fees

Taxes

Days Active 381

Approx. Age 1959

Avg. Price Per Sqft $289

MLS® Number 821651

Property Address: 173 S Gunnison Ave, Lake City, CO, 81235-5108

Average square foot calculated using Size range provided by listing agent.

Description

Nestled in the breathtaking San Juan Mountains, this well-established, multi-use property offers a rare opportunity to own a thriving business with deep community roots. Situated on 0.95 acres just minutes from historic downtown Lake City and the scenic Lake Fork of the Gunnison River, this unique property blends lifestyle and income potential in one exceptional package. At its core is a popular restaurant known for its mouthwatering BBQ and classic hamburgers. Featuring an upgraded commercial kitchen and a warm, inviting atmosphere, it consistently attracts both loyal locals and visiting tourists. The restaurant is connected to a fully operational convenience store and gas station that provides travelers and residents with fuel, snacks, and everyday essentials, including lottery ticket sales, making it a reliable, year-round stop. The property also includes comfortable on-site living quarters: a renovated, fully furnished one-bedroom apartment located above the garage. Currently operating as a short-term rental, it offers immediate income potential or a convenient residence for owners or staff. A standout feature is the backyard amphitheater—an incredible space designed for hosting weddings, live music, family reunions, and community events. Complete with a stage, pavilion, and ample open space, it offers significant opportunities to expand into the events market. Beloved by the community and ideally positioned to capture steady tourist traffic, this property offers both a successful, established operation and room for future growth. Whether you're looking to expand the events side, enhance food and retail offerings, or simply embrace a lifestyle in one of Colorado’s most picturesque mountain settings, this is a truly one-of-a-kind opportunity.

MLS® Number821651

Locker

Ensuite LaundryNo

Balcony

Furnished

Laundry Level

Exposure

Exterior

GarageNo

Approx. Age1959

Stories1

Pets

Included in Maintenance Fee

Heat

Hydro

Water

Building Insurance

Condo Taxes

Cable TV

Central Air

Parking Maintenance

Utilities

Heat

A/C

Heating Fuel

Extras

Fixtures, Furniture, P.O. Box, Phone #, Propane-Tank Owned, Trade Name, Training Available

Price History

-End Date

Not Sold YetSold Price

For Sale

Mar 4, 2025List Date

$875,000List Price

Commute

Commute

Starting Address

Destination Address

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