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    701 E 2nd Avenue

    Durango, CO 81301
    • $175,000
    • STATUS: Active
    • ON SITE: 127 days
    • MLS #: 772364
    UPDATED: 114 min ago
    $175,000
    • 0
      BEDS
    • 0.17
      ACRES
    • 1
      BATHS
    • 2
      1/2 BATHS
    • 4,930
      SQFT
    • $35
      $/SQFT
    Neighborhood:
    Type:
    Commercial
    Built:
    1955
    County:

    School Ratings & Info

    Listing courtesy of Berkshire Hathaway Homeservices Western Colorado Properties.


    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.

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    The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange (IDX) program of Colorado Real Estate Network, Inc. (CREN), © Copyright 2020. All rights reserved. All data deemed reliable but not guaranteed and should be independently verified. This database record is provided subject to “limited license” rights. Duplication or reproduction is prohibited.
    FULL CREN Disclaimer

    Real Estate listings held by companies other than Durango Mountain Realty contain that company’s name.
    Fair Housing Disclaimer

    This data was last updated: 2020-11-25T23:56:24.663.
    www.durangomountainrealty.com/homes/108071648
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    701 E 2nd Avenue Durango, CO 81301

    • Price: $175,000
    • Status: Active
    • Updated: 114 min ago
    • MLS #: 772364
    0
    Beds
    1
    Baths
    2
    ½ Baths
    0.17
    Acres
    4,930
    SQFT
    $35
    $/SQFT
    1955
    Built
    Neighborhood:
    Durango In Town
    County:
    La Plata
    Area:
    Durango In Town
    Property 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.
    Exterior Features

    Acreage Range Less Than 1/2 Carport No Lot Dimension 75X100 Property Description Corner Stories 2 Water Well No Waterfront YN No

    Interior Features

    Finished Sq Ft 4930 Furn Fixt Equip Yes Main Sq Ft 4546 One Quarter Baths 0 Total Offices 0 Upper Sq Ft 384

    Property Features

    Books Available Yes Cam No Current Use Restaurant Desc Of Business Restuarnt Exchange Trade No Fixtures Included Yes Inventory Included Yes Lease Included Yes New Construction YN No Owners Association No Possible Property Use Bar/LoungeOtherRestaurant Railroad Siding Spur No Real Estate For Sale Yes Reo Lender Owned No Tax Year 2018 Total Taxes $11623.52 Type Business Opp Available Variable Rate No Water Rights No Zoning Type Commercial

    The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange (IDX) program of Colorado Real Estate Network, Inc. (CREN), © Copyright 2020. All rights reserved. All data deemed reliable but not guaranteed and should be independently verified. This database record is provided subject to “limited license” rights. Duplication or reproduction is prohibited.
    FULL CREN Disclaimer

    Real Estate listings held by companies other than Durango Mountain Realty contain that company’s name.
    Fair Housing Disclaimer

    This data was last updated: 2020-11-25T23:56:24.663.
     
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    Durango Mountain Realty
    PO Box 17000
    Durango CO, 81302
    Listing courtesy of Berkshire Hathaway Homeservices Western Colorado Properties.