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206 E Main Street , #100

Buena Vista, CO 81211
  • $3,950,000
  • STATUS: Active
  • ON SITE: 224 Days
  • ID#: 6390237
UPDATED: 45 min ago
$3,950,000
  • 0
    BEDS
  • 0.16
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 7,125
    SQFT
  • $554
    $/SQFT
Type:
Commercial
Built:
1885
County:
Area:

School Ratings & Info

Offered by Summit Realty, Inc.

Description

This exceptional hospitality venue (or retail space) is a gateway to the highly sought-after Main Street in Buena Vista, Colorado. In addition to the real estate and all assets of 206 E. Main, the purchase price includes all furniture, fixtures, equipment (FFE) and personal property that are related to the operation of The Lariat and on the books of The Rope. LLC. The buyer is purchasing a turn-key opportunity to move into a proven hospitality business in the dynamic economic environment of Buena Vista. Over the past five years The Lariat has become a symbol of the smart growth in Buena Vista -- a place where customers feel safe, have a location to meet with friends and meet new friends, can enjoy business lunches, and savor the vitality of this entertainment venue. In short, The Lariat has become an institution in Buena Vista; it has been described by some as the soul of BV. Sales revenue has grown ten-fold and reached $2.6M in 2019 (last full year prior to Covid) with an exciting trajectory into the future. The revenue level and reputation of The Lariat reduce risk for the buyer as does the $1.75M renovation that took place in the 2016-2018 period. Extraordinary support by locals and tourists alike. The building dates back to the mid-1880s, but has been modernized and structurally brought up to code by the current owners to create The Lariat. It is this new atmosphere/environment that customers have described as classy, hip, steam punk, and trendy. The discriminating buyer will notice the creative use of Salida red brick, glass, antique wood floors, and designer metal accents crafted by a local artist. In addition to the main level hospitality venue, the two-story building includes five nicely furnished apartments on the second floor, all ensuite to provide additional revenue generation. Four of these are studios and the fifth is the owners 1-BR apartment. Square footage: main level is 4,503 sq ft. and second floor is 2,622 sq ft.

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Licensed in the State of Colorado, USA

The content relating to real estate for sale in this Web site comes in part from the Internet Data eXchange (IDX) program of METROLIST, INC., DBA RECOLORADO®. Real estate listings held by brokers other than The DeGrood Team | Brokers Guild are marked with the IDX Logo. This information is being provided for the consumers’ personal, non-commercial use and may not be used for any other purpose. All information subject to change and should be independently verified.

1. This publication is designed to provide information regarding the subject matter covered. It is displayed with the understanding that the publisher and authors are not engaged in rendering real estate, legal, accounting, tax, or other professional services and that the publisher and authors are not offering such advice in this publication. If real estate, legal, or other expert assistance is required, the services of a competent, professional person should be sought.

2. The information contained in this publication is subject to change without notice. METROLIST, INC., DBA RECOLORADO MAKES NO WARRANTY OF ANY KIND WITH REGARD TO THIS MATERIAL, INCLUDING, BUT NOT LIMITED TO, THE IMPLIED WARRANTIES OF MERCHANTABILITY AND FITNESS FOR A PARTICULAR PURPOSE. METROLIST, INC., DBA RECOLORADO SHALL NOT BE LIABLE FOR ERRORS CONTAINED HEREIN OR FOR ANY DAMAGES IN CONNECTION WITH THE FURNISHING, PERFORMANCE, OR USE OF THIS MATERIAL.

3. PUBLISHER’S NOTICE: All real estate advertised herein is subject to the Federal Fair Housing Act and the Colorado Fair Housing Act, which Acts make it illegal to make or publish any advertisement that indicates any preference, limitation, or discrimination based on race, color, religion, sex, handicap, familial status, or national origin.

4. METROLIST, INC., DBA RECOLORADO will not knowingly accept any advertising for real estate that is in violation of the law. All persons are hereby informed that all dwellings advertised are available on an equal opportunity basis.

5. ALL RIGHTS RESERVED WORLDWIDE. No part of this publication may be reproduced, adapted, translated, stored in a retrieval system or transmitted in any form or by any means, electronic, mechanical, photocopying, recording, or otherwise, without the prior written permission of the publisher. The information contained herein including but not limited to all text, photographs, digital images, virtual tours, may be seeded and monitored for protection and tracking.

© 2021 METROLIST, INC., DBA RECOLORADO® – All Rights Reserved 6455 S. Yosemite St., Suite 500 Greenwood Village, CO 80111 USA

www.degroodteam.com/homes/115028478
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206 E Main Street , #100 Buena Vista, CO 81211

  • Price: $3,950,000
  • Status: Active
  • Updated: 45 min ago
  • ID#: 6390237
0
Beds
0
Baths
0
½ Baths
0.16
Acres
7,125
SQFT
$554
$/SQFT
1885
Built
County:
Chaffee
Area:
Buena Vista
Property Description
This exceptional hospitality venue (or retail space) is a gateway to the highly sought-after Main Street in Buena Vista, Colorado. In addition to the real estate and all assets of 206 E. Main, the purchase price includes all furniture, fixtures, equipment (FFE) and personal property that are related to the operation of The Lariat and on the books of The Rope. LLC. The buyer is purchasing a turn-key opportunity to move into a proven hospitality business in the dynamic economic environment of Buena Vista. Over the past five years The Lariat has become a symbol of the smart growth in Buena Vista -- a place where customers feel safe, have a location to meet with friends and meet new friends, can enjoy business lunches, and savor the vitality of this entertainment venue. In short, The Lariat has become an institution in Buena Vista; it has been described by some as the soul of BV. Sales revenue has grown ten-fold and reached $2.6M in 2019 (last full year prior to Covid) with an exciting trajectory into the future. The revenue level and reputation of The Lariat reduce risk for the buyer as does the $1.75M renovation that took place in the 2016-2018 period. Extraordinary support by locals and tourists alike. The building dates back to the mid-1880s, but has been modernized and structurally brought up to code by the current owners to create The Lariat. It is this new atmosphere/environment that customers have described as classy, hip, steam punk, and trendy. The discriminating buyer will notice the creative use of Salida red brick, glass, antique wood floors, and designer metal accents crafted by a local artist. In addition to the main level hospitality venue, the two-story building includes five nicely furnished apartments on the second floor, all ensuite to provide additional revenue generation. Four of these are studios and the fifth is the owners 1-BR apartment. Square footage: main level is 4,503 sq ft. and second floor is 2,622 sq ft.
Exterior Features

Architectural Style ContemporaryLoftVictorianLow Rise Attached Garage YN No Carport Spaces 0 Carport YN No Covered Spaces 0 Garage YN No Lot Features Historic District Lot Size Area 0.16 Lot Size Square Feet 7164 Parking Total 0 Road Frontage Type Public Road Road Surface Type Paved Roof MembraneOther

Interior Features

Levels Two

Property Features

Construction Materials BrickStucco Electric 110 Volts220 Volts Exclusions Sellers' Personal Property. Liquor Can Be Purchased At Cost. Liquor License Can Be Transferred With Approval By The Town Of Buena Vista. Complete List Of inclusions/exclusions is Being Developed At The Time Of The Listing Went Live On The Mls. Lease Considered YN No Possession Immediately Property Sub Type Special Purpose Security Features Carbon Monoxide Detector(S)Fire AlarmFire Sprinkler SystemSmoke Detector(S) Sewer Public Sewer Special Listing Conditions None Tax Annual Amount 9704 Tax Year 2020 Utilities Electricity ConnectedNatural Gas ConnectedPhone AvailableSewer Connected Water Source Public Zoning Commercial

Listing courtesy of Summit Realty, Inc: MLS #6390237


Licensed in the State of Colorado, USA

The content relating to real estate for sale in this Web site comes in part from the Internet Data eXchange (IDX) program of METROLIST, INC., DBA RECOLORADO®. Real estate listings held by brokers other than The DeGrood Team | Brokers Guild are marked with the IDX Logo. This information is being provided for the consumers’ personal, non-commercial use and may not be used for any other purpose. All information subject to change and should be independently verified.

1. This publication is designed to provide information regarding the subject matter covered. It is displayed with the understanding that the publisher and authors are not engaged in rendering real estate, legal, accounting, tax, or other professional services and that the publisher and authors are not offering such advice in this publication. If real estate, legal, or other expert assistance is required, the services of a competent, professional person should be sought.

2. The information contained in this publication is subject to change without notice. METROLIST, INC., DBA RECOLORADO MAKES NO WARRANTY OF ANY KIND WITH REGARD TO THIS MATERIAL, INCLUDING, BUT NOT LIMITED TO, THE IMPLIED WARRANTIES OF MERCHANTABILITY AND FITNESS FOR A PARTICULAR PURPOSE. METROLIST, INC., DBA RECOLORADO SHALL NOT BE LIABLE FOR ERRORS CONTAINED HEREIN OR FOR ANY DAMAGES IN CONNECTION WITH THE FURNISHING, PERFORMANCE, OR USE OF THIS MATERIAL.

3. PUBLISHER’S NOTICE: All real estate advertised herein is subject to the Federal Fair Housing Act and the Colorado Fair Housing Act, which Acts make it illegal to make or publish any advertisement that indicates any preference, limitation, or discrimination based on race, color, religion, sex, handicap, familial status, or national origin.

4. METROLIST, INC., DBA RECOLORADO will not knowingly accept any advertising for real estate that is in violation of the law. All persons are hereby informed that all dwellings advertised are available on an equal opportunity basis.

5. ALL RIGHTS RESERVED WORLDWIDE. No part of this publication may be reproduced, adapted, translated, stored in a retrieval system or transmitted in any form or by any means, electronic, mechanical, photocopying, recording, or otherwise, without the prior written permission of the publisher. The information contained herein including but not limited to all text, photographs, digital images, virtual tours, may be seeded and monitored for protection and tracking.

© 2021 METROLIST, INC., DBA RECOLORADO® – All Rights Reserved 6455 S. Yosemite St., Suite 500 Greenwood Village, CO 80111 USA

 
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The DeGrood Team | Brokers Guild
7995 E Hampden Ave, Suite 100
Denver CO, 80231
Offered by Summit Realty, Inc.