$175,000

701 E 2nd Avenue

Durango CO, 81301

Description

Turnkey business opportunity operating since 2005 in the heart of Downtown Durango. Business Owner/tenant has completed over $25,000 in capital improvement plus updates for the current operating conditions and is up and running.After updates and reopening during COVID-19, June 2020 sales were excellent. Under normal operating conditions the restaurant has a seating capacity of 263 and has expanded outside seating. The outside seating has beautiful flowers and a view of Historic Downtown Durango. The bar/lounge area is an open space which allows for company events and parties,with soft lighting that makes the space feel intimate and comfortable. The kitchen has been designed for efficiency and function allowing current staff to produce 20 minute meal turns. Mutus Restaurant in 2018 was voted Best of Durango Italian Food and is a longtime local favorite. The current lease runs thru 1/1/21 with a 5 year renewal option. There is a separate 384sf apartment with a balcony that is part of the current lease that has been rented for $1275 per month. Business only,building not included.

Details

MLS#772364
Listing TypeFor Sale
StyleIQWeb_Other Business Opportunity
Sub-TypeResale
StatusActive
Year1955
Days On Site134

Features

SQ Feet4,930
Story(s)2
Units2
ZoningCommercial

Market Activity 81301

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Area Information
StateCO
CountyLa Plata
CityDurango
Zip Code81301
AreaDurango In Town
Listing VS Median (in 81301)
Price:
$175,000
low | high
Med:
$375,000
64.285714285714% of Average
SqFt:
4,930
low | high
Med:
0
100% of Average
$ / SqFt:
$35
low | high
Med:
$0
100% of Average
On Site:
134
low | high
Med:
440
30.454545454545% of Average
Listing Updated: December 1, 2020 8:19:28 PM PST
Keith Mazur LogoMLS Number: 772364
Listing Provided By:
Keith Mazur  of  Berkshire Hathaway HomeServices Western Colorado Properties

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