29
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$875,000
Est. payment /mo
4 Baths
3,018 SqFt
Price Dropped by $20K
173 S Gunnison Avenue Lake City, CO 81235
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Key Details
Property Type Commercial
Sub Type Multi-Use
Listing Status Active
Purchase Type For Sale
Square Footage 3,018 sqft
Price per Sqft $289
MLS Listing ID 821651
Half Baths 3
Three Quarter Bath 1
Year Built 1959
Tax Year 2026
Lot Size 0.950 Acres
Acres 0.95
Property Sub-Type Multi-Use
Property 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.
Location
State CO
County Hinsdale
Interior
Heating Electric, Propane
Flooring Concrete, Laminate, Other, Tile, Wood
Furnishings Furnished
Exterior
Parking Features Dirt, Off Street, 2-10 Total Spaces, Common
Utilities Available Electric, Internet, Phone, Propane-Tank Leased, Propane-Tank Owned, Water
Roof Type Metal
Building
Story 1
Sewer Public Sewer Installed
Water Public
New Construction No
Others
Virtual Tour https://my.matterport.com/show/?m=Lcukmmt8C4P&brand=0
Listed by Murphy Real Estate
NEARBY SCHOOL & BUSINESS
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