206 Main Street 100, Buena Vista, CO

$3,950,000

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0.16

Acres

About 206 Main Street 100

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-1880’s, 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 owner’s 1-BR apartment. Square footage: main level is 4,503 sq ft. and second floor is 2,622 sq ft.

Features of 206 Main Street 100

MLS® # 6390237
Price $3,950,000
Bathrooms 0.00
Acres 0.16
Year Built 1885
Type Commercial Sale
Sub-Type Special Purpose
Style Contemporary, Loft, Victorian, Low Rise
Status Active

Community Information

Address 206 Main Street 100
City Buena Vista
County Chaffee
State CO
Zip Code 81211

Amenities

Utilities Electricity Connected, Natural Gas Connected, Phone Available, Sewer Connected
Is Waterfront No
Has Pool No

Interior

Fireplace No
# of Stories 2
Stories Two

Exterior

Roof Membrane, Other
Construction Brick, Stucco

Additional Information

Days on Market 276
Zoning Commercial
Foreclosure No
Short Sale No
RE / Bank Owned No

Listing Details

OfficeSummit Realty, Inc

Listing Map

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