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173 S Gunnison Ave
Lake City, CO 81235

$995,000 USD

Restaurant For Sale  •  3,018 SF

Property Details

  • Property Type Restaurant
  • Total Building Size 3,018 SF
  • Lot Size 0.95 AC
  • Building Class B
  • Year Built 1959
  • Zoning Other
0 Transit Score
42 Walk Score

Description

This well-established business is a unique opportunity with deep roots in the community. Spanning 0.95 acres, it includes a restaurant, gas station and convenience store, bar, and onsite living quarters, all located in the picturesque San Juan Mountains. Just minutes from historic downtown Lake City and the scenic Lake Fork of the Gunnison River.
At the heart of the establishment is the restaurant, which specializes in mouthwatering BBQ dishes and hamburgers. It features a recently upgraded commercial kitchen and a welcoming atmosphere that draws in both locals and tourists. Attached to the restaurant is a convenience store, where customers can grab snacks, fuel, and even lottery tickets, making it a convenient stop for travelers.

The Ol’53 Bar adds a distinctive charm to the business. Its centerpiece—a vintage 53 Dodge tow truck—enhances the rustic vibe and stages the local music talent, while the beautifully crafted 24-foot wooden bar offers a cozy space for patrons to unwind. The bar includes a game room, office, and storage, and in the summer, garage doors open to let in the fresh mountain air, allowing guests to enjoy the outdoors. Outdoor seating arrangements encourage customers to relax by fire pits and engage in games like corn hole, creating a vibrant community atmosphere.

Onsite living quarters provide a renovated one-bedroom apartment within the garage, offering comfortable accommodation for owners or staff. This feature allows for a convenient work-life balance.

One of the standout elements of this property is the backyard amphitheater, perfect for hosting events like weddings, family reunions, and live music performances. With a stage, pavilion, and plenty of space for activities, this area holds significant potential

The business is well-loved by locals and visitors alike, making it a cherished part of the community. Its prime location and established reputation offer numerous opportunities for growth, allowing new owners to enhance its offerings and tap into the events market. This venture not only provides a chance to run a thriving business but also to embrace the dream of mountain living in a stunning setting.

Highlights

State Highway Frontage
Multiple revenue streams
Recent improvements to property

Property Flyers

Michael Murphy 970-944-5050 Murphy Real Estate
Michael Murphy 970-944-5050 Murphy Real Estate