1124 Yampa Street, Steamboat Springs, CO 80487

Property Description

Rarely available mixed-use building overlooking the Yampa River in the heart of downtown Steamboat. Main floor commercial space is currently used a restaurant/bar, with full kitchen, ample indoor seating, front deck, and back patio. There is a long-term lease in place for restaurant/bar. Upper floor includes a large three-bedroom apartment with great room and a spectacular deck overlooking Howelsen Hill and the Yampa River. There is also a second, one bedroom apartment on the upper floor. Both apartments have recently been remodeled and the front apartment is currently being rented as a nightly rental. There are two off-street parking spaces in the back. Projected rental income of $150K/year for a solid investment property at a 6% cap rate.