123 N Lena StreetRidgway, CO 81432MLS Number 39071
- Price: $1,550,000
- 211 Days on Market
Active
- 2Bathrooms
- 2,808Square Feet
- 0Acreage
The historic True Grit Cafe is a turnkey opportunity you can make your own! Located in the heart of Ridgway on the Goldbelt of Hartwell Park. This location is high traffic and well known by locals and tourists alike. True Grit was started in 1986 and has been an iconic restaurant in Southwestern Colorado ever since then. The cafe pays tribute to the ''old west'' with art and decor and in fact has been the center of the Old West Fest which has been held every autumn in Ridgway for several years (excluding 2020). This thriving business has a 7% cap rate and there is room for increase. Even with the covid pandemic, the loyal customer base has kept the restaurant profitable and the revised business model has even increased numbers and with less expense. True Grit offers not only dine in
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Basic Information
- Business InclusionsBooks, Clients List, Fixtures Included, Inventory, Management, Name, Other
- Units1
Building
- Extra RoomsOffice
- Half Baths2
- LevelStreet Level
- SubstructureOther
- Year Built1986
Utilities
- Common UtilitiesRegular Phone
- ElectricPower Company
- GasNatural
- Primary HeatForced Air, Gas
- SanitationSewer
- Utility Info Phone LinesRegular Phone
- Utility Info Primary HeatForced Air
- WaterCity
Parking
- Open Area ParkingOn Street Only
- ParkingOn Street
Location
- AreaRidgway - 71 (Major Area 70)
- CountyOuray County
- DirectionsTake Sherman Street (Hwy 62) to Lena Street and turn north to property.
- Major Area70
- Special LocationNone
- TownRidgway
Amenities
- Appliances IncludedCommercial Kitchen
Other
- View Count49
Basic Information
- Bathroom2
- Date Listed01/07/2021
- DisclosuresNone
- List Price$1,550,000
- MLS Number39071
- Property TypeCommercial
- Source Sq FtAssessor
- Square Feet2,808
- StatusACT
- Tax Year2020
- Taxes$5,560
- TypeCommercial Spaces
Legal
- LegalSubd: TRUE GRIT Lot: B S: 16 T: 45 R: 8
- PossessionClosing
- ZoningCommercial
Listed by Kari Girard of Ponderosa Real Estate The Source for Real Estate