Lone Cone Restaurant and Saloon
1580 Grand Avenue Norwood, CO 81423
| For Sale | $495,000 |
| Status | Current |
| Linda Avery | 970-327-0162 |
Property Overview
| Land SF/$ Per | -/- |
| Acres/$ Per | -/- |
| Property Use | Business For Sale |
| Zoning | Commercial |
| Parcel Number | R2010021250 |
| T, R, S | -, -, - |
| Land Size | - |
| Bld SF/$ Per | 3,147 / $157.29 |
| # of Buildings | 1 |
| # of Units | 1 |
| # of Stories | 1 |
| Cap Rate | - |
| Vacancy | - |
Property Description
LONE CONE RESTAURANT
LOCATED IN THE HEART OF NORWOOD
SOUTHWESTERN COLORADO
The Lone Cone Restaurant and Saloon, opened in 1940, is located in the heart of Norwood (the hidden gem of Southwest Colorado). This fine establishment is a favorite of locals, a premier location for travelers on the scenic byway, and cited as “best eats” between Telluride and Moab by Outside Magazine.
This turnkey operation offers a great reputation, with clean and well maintained facilities. The exquisitely handcrafted cherry and mahogany back bar- front bar- liquor cabinet was built in the late 1800s and brought overland from Iowa. The separate restaurant and saloon have a combined 20 tables for dining.
Area Description
The Lone Cone Restaurant and Saloon is located in the heart of downtown Norwood, immediately adjacent to the post office. Norwood, the spirited center of Wright’s Mesa, Southwestern Colorado, is a vibrant western town offering shopping, dining and services. The region boasts lakes, mountain views, abundant sunshine, and tremendous National Forest and BLM lands. The world-class resort of Telluride is less than a one hour scenic drive.
Property Features
- Established Business
- Historic Bar
- Central Downtown Location
- Business and Real Estate For Sale
Financial Overview
| List Price | $495,000.00 |
| Down Payment | - |
| Cap Rate | - |
| Cash on Cash | - |
| Financial Terms | - |
| Consider Exchange | No |
Cash Flow
| CF Type | - |
| Year | - |
| Scheduled Gross | - |
| Reimbursement | - |
| Vacancy | - |
| Effective Gross | - |
| Operating Expenses | - |
| Operating Income | - |
| Debt Service | - |
| Capital Costs | - |
| Cash Flow (pre-tax) | - |
Debt Information
| Debt Type | - |
| Debt Service | - |
| Principal | - |
| Interest Rate | - |
| Amortization | - |
| Due | - |
| Loan Description | - |
General Property Information
| Property Use | Business For Sale |
| Land SF | - |
| Land Acres | - |
| Building SF | 3,147 |
| Bld SF/$ Per | 3,147 / $157.29 |
| # of Buildings | 1 |
| # of Units | 1 |
| # of Stories | 1 |
| Free Standing | Yes |
| Year Built | - |
| Built Yet | Yes |
| Building Class | - |
| Zoning | Commercial |
| Parcel Number | R2010021250 |
| Power Description | - |
| Parking Description | 5 open spaces in back |
| Broadband | - |
| Leased Space | - |
| Business Type | Retailing Businesses - Restaurants |
| Equipment | Yes |
| Inventory | Yes |
| Real Estate | Yes |
| License | - |
| Gaming | - |
| Gas | Yes |
| Water | Yes |
| Electric | Yes |
Listing User
