For Lease
$21/SF/YR

240 Elizabeth St Elizabeth, CO 80107

Turnkey Bar & Restaurant, High Growth Area

Overview

Added:
Dec 11, 2024
Days on market:
138
This exceptional turnkey restaurant opportunity, formerly the Saw Mill Bar and Grill, is located at 240 S Elizabeth St, Elizabeth, CO 80107, at the intersection of Highway 86 and Elizabeth Street. The 4,075 square foot Full Moon Saloon boasts a recently completed (December 2023) high-end remodel, featuring a dance floor, music stage, and pool table. The property includes a spacious indoor area with a 172-person occupancy and an outdoor patio accommodating an additional 65 guests. Two liquor licenses are in place, along with a fully equipped kitchen capable of serving a complete menu. The business is currently operational and includes a staff of two cooks and multiple servers/bartenders who plan to remain. The sale includes the assumption of the existing lease. The seller is motivated and open to offers, including seller financing options. The asking price for the business is $299,000. The total building size is 14,767 square feet, offering potential for expansion or other uses. The seller is also willing to sell some equipment separately, making this an ideal opportunity for an existing restaurant seeking a new location. This is a rare chance to acquire a thriving establishment in a rapidly expanding Front Range community. Serious inquiries only.

Highlights

  • Turnkey restaurant opportunity in Elizabeth, CO, at the intersection of Highway 86 and Elizabeth Street.
  • Recently remodeled (December 2023) 4,075 sq ft restaurant with dance floor, stage, and pool table.
  • 172-person indoor capacity plus a 65-person outdoor patio; two liquor licenses included.
  • Fully equipped kitchen, existing staff (two cooks and multiple servers/bartenders) willing to stay, and existing lease assumption.
  • Asking price: $299,000; seller financing options available; potential for expansion within the 14,767 sq ft building.

Property Details for 240 Elizabeth St

Property type
Restaurants, Bars
RSF (Rentable sq. ft)
14,767 SF

Unit(s) available at that property

Space
Size
4,075 SF
Rate per SF
$21

Location Insight

City
Elizabeth
County
Elbert
State
Colorado
Latitude
39.360666
Longitude
-104.6102806

FAQs

What type of property is this?
Restaurant - Turnkey Bar & Restaurant, High Growth Area
Where is the restaurant located?
The property is located at 240 Elizabeth St Elizabeth, CO.
What is the lease rate?
The lease rate is $21/SF/YR.
What are key features of this property?
This property features: Turnkey restaurant opportunity in Elizabeth, CO, at the intersection of Highway 86 and Elizabeth Street.; Recently remodeled (December 2023) 4,075 sq ft restaurant with dance floor, stage, and pool table.; 172-person indoor capacity plus a 65-person outdoor patio; two liquor licenses included.
How can I contact the broker?
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240 Elizabeth St
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