1850 Lincoln AVE, Steamboat  Springs, CO 80487
1850 Lincoln AVE, Steamboat  Springs, CO 80487
1850 Lincoln AVE, Steamboat  Springs, CO 80487
1850 Lincoln AVE, Steamboat  Springs, CO 80487
1850 Lincoln AVE, Steamboat  Springs, CO 80487
1850 Lincoln AVE, Steamboat  Springs, CO 80487
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$2,400,000

$3,150,000

23.8%
Est.Price: ?

For more information regarding the value of a property, please contact us for a free consultation.

Est. payment /mo

2 Acres Lot


SOLD DATE : 01/12/2024

Key Details

Sold Price $2,400,000

Property Type Commercial

Listing Status Sold

Purchase Type For Sale

Subdivision No Defined Development

MLS Listing ID SS6653227

Sold Date 01/12/24

Year Built 1959

Annual Tax Amount $21,449

Tax Year 2019

Lot Size 2.000 Acres

Acres 2.0

Property Description

Great combination of business and property- Russell's Auto Salon. This current owners have been providing full service auto body and collision repair services to the Yampa Valley since 1990. The long established location has a loyal customer base and has been in operation as an auto body shop since 1958. Since then there have been only three owners of the business. The strong reputation of the company and prime Highway 40 location have allowed the current owners to be very successful. Along with the owners there are 5 employees, who have been with the company from 4 to 21 years. Sales price includes the business and associated real estate. Business is currently open Monday through Friday. Owners will be willing to train new owner as negotiated to ensure a successful transition of the business.

Sales Price: $3,150,000- includes real estate ($2,750,000) and business ($400,000). Sold together.

Building: Prime Highway 40 location with a 9,494 square foot building on 2 acres and future development possibilities. Commercial Services Zoning.

Facilities: The long time and well known location allows for easy access and parking for customers. The building has 12 service bays with overhead doors, 2 paint booths and ample outdoor space for storage.

Product Inventory: Included in sales price.

Fixtures and Equipment: Included in sales price.

Support and Training: Will be provided as negotiated to ensure a successful business transition.

Reason for Selling: Retirement.

Location

State CO

County Routt

Area West Steamboat / Us 40

Direction Right on HWY 40- Lincoln Avenue

Interior

Fireplace No

Exterior

Utilities Available Cable Available, Electricity Available, Natural Gas Available, High Speed Internet Available

Water Access Desc Public

Roof Type Membrane, See Remarks

Present Use Automotive,Unimproved

Building

Sewer Public Sewer

Water Public

Others

Tax ID R3815880

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Altitude MLS / Summit County MLS
Listed by THE COMMERCIAL PROPERTY GROUP, LLC
Bought with THE COMMERCIAL PROPERTY GROUP, LLC

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Colorado Mountain Living - Joe Alvine
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