206 E Main Street Unit 100

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Virtual Tour Active Buena Vista, CO 81211 MLS# 6390237 Listed by Daniel Cooper on 02/07/2021
$3,950,000
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Commercial Property Type
0.16 Acres
7125.00 Sq Ft
1885 Year Built
Commercial Zoning

Overview

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.

New Home Sales Hours

Courtesy Of Summit Realty, Inc
Source: REcolorado (ROCC)

Upcoming Open Houses

    Features

    Leasing Information

    Leasing Details
    • Application Fee $
    • Availability Date
    • Corporate Rental?
    • Deposits Potentially Refundable
    • Existing Lease Type
    • Lease Amount $
    • Lease Description
    • Lease Duration
    • Liability Insurance Required
    • Owner Pays
    • Rent Deposit
    • Rental Application
    • Security Deposit $
    Pet Details
    • Pet Deposit
    • Pet Rent
    • Pets Allowed

    Interior Features

    Summary

    • Year Built Effective 2017
    Basement Details
    • Basement? No
    • Basement
    • Basement Ceiling Height
    Fireplace Detail
    • Fireplace Features
    • No. of Fireplaces
    Square Foot Details
    • SqFt 7,125
    • Living Area, Finished
    • Above grade, Finished
    • Basement, Finished
    • Basement, Unfinished
    • PSF Total $554.39
    • PSF Finished $
    • PSF Above Grade $
    Use details
    • Leaseable Area 7125.00
    • Office Area
    • Retail Area
    • Warehouse Area
    Other
    • Accessibility Features
    • Appliances
    • Building Class Class A
    • Building Features Food Service,Wi-Fi
    • Ceiling Height 18+/-
    • Common Walls
    • Exclusions Sellers' personal property. Liquor can be purchased at cost. Liquor license can be transferred with approval by the Town of Buena Vista. Complete list of inclusions/exclusions is being developed at the time of the listing went live on the MLS.
    • Flooring
    • Furnished
    • Interior Features
    • Laundry Availability
    • Security Features Carbon Monoxide Detector(s),Fire Alarm,Fire Sprinkler System,Smoke Detector(s)
    • Spa Features
    • Window Features

    Room Details

    Bathroom Details Total Bathrooms:
    Bathroom Location Details
    Bedroom Location Details Total Bedrooms:
    More Room Details

    Unit Information

    Summary

    • Number of Units 0
    • Number of Units Furnished
    • Number of Units Vacant
    • Unit Features
    Single Unit Details

    Exterior/Lot Features

    Summary

    • Available Elevations
    • Entry Location
    • Faces
    • Horse Amenities
    • Horse Property
    • Levels Two
    • Stories 2
    • Structure Type Low Rise (1-3)
    • Unit Floor #
    • View
    Builder Details
    • Builder
    •  
    • Completion Time From Groundbreaking
    • Model Type
    Construction details
    • Architecture Loft,Urban Contemporary,Victorian
    • Construction Materials Brick,Stucco
    • Foundation Details
    • Roof Membrane,Other
    Exterior Details
    • Dock Features
    • Door Features
    • Exterior Features
    • Fencing
    • Number of Docks
    • Number of Doors
    • Number of Storage Units
    • Other Equipment
    • Other Structures
    • Patio And Porch Features
    • Pool Features
    • Ski Features
    Livable Structure Details
    Lot Details​​​​​​​
    • Acres Leased
    • Crop Acres
    • Cultivated Acres
    • Features Historical District
    • Irrigated Acres
    • Lot Number
    • Lot Size Acres 0.16
    • Lot Size Dimensions
    • Lot Size SqFt 7,164
    • Sq Ft
    • Pasture Acres
    • Price Per Acre $24,687,500
    • Vegetation
    • Waterfront Features
    Mobile Details
    • Make
    • Model
    • Body Type
    • Exterior Dimensions x
    • Skirt
    Outbuilding details
    Road details
    • Access Public Road
    • Road Responsibility Public Maintained Road
    • Road Surface Paved

    Parking/Garage

    Parking Space Summary

    Parking Features

    • Total Parking Spaces 0
    • Garage Spaces
    • Total Carport Spaces
    • Total Offstreet Spaces 0
    • Total Reserved Spaces 0
    • Total RV Spaces 0
    Parking Space Details

    Utilities & Green Home Features

    Summary

    • Cooling
    • Green Energy Efficient
    • Heating
    • HVAC Description
    Green Ratings
    Power Production Details
    Sewer
    • Sewer Public Sewer
    • Sewer Fee
    • Sewer Tap Paid YN
    Utilities details
    • Electric Service 110V,220 Volts
    • Gas Tap Fee
    • Gas Tap Paid YN
    • Utilities Electricity Connected,Natural Gas Connected,Phone Available,Sewer Connected
    Water / Well
    • Irrigation Source
    • Issued Well Permit Numbers
    • Water Available 1
    • Water Source Public
    • Well Type
    • Well Usage
    • Water Fees
    • Water Tap Paid?
    • Water/Mineral Rights

    Association Information

    HOA Summary

    • Amenities Completed
    • Amenities Opening
    • Association Amenities
    • Association(s) No
    • HOA Fee Includes
    • Total Annual HOA Fees $0
    1st HOA
    • HOA
    • Type
    • Fee $
    • Phone
    • Total Annual Fee $0.00
    • Website
    2nd HOA
    • HOA
    • Type
    • Fee $
    • Phone
    • Total Annual Fee $0.00
    • Website
    3rd HOA
    • HOA
    • Type
    • Fee $
    • Phone
    • Total Annual Fee $0.00
    • Website
    Restrictions & Covenants
    • Pets Allowed
    • Rentals Allowed
    • Restrictions
    • Restrictions Other
    • Restrictions/Covenants? No

    Financial Considerations

    Summary

    • Cap Rate 0.00
    • Cap Rate Calculation 0
    Actual expense details
    • Annual Expenses Benefits
    • Annual Water Expense $
    • Association Fee Annual Expense $
    • Cable TV Expense $
    • CAM Fees $
    • Electric Expense $
    • Gas Expense $
    • Insurance Expense $
    • Internet Annual Expense $
    • Maintenance Expense $
    • Operating Expense $0
    • Operating Expense Includes
    • Other Expense
    • Payroll Annual Expense $
    • Personal Property Annual Expense $
    • Phone Annual Expense $
    • Professional Management Expense $
    • Real Estate Taxes $
    • Workmans Compensation Expense
    Income details
    • Actual Annual Net Income $0
    • Gross Income $0
    • Income Includes
    • Income Includes Description
    Landleasing details
    • Land Lease Amount
    • Land Lease Amount Frequency
    • Land Lease?
    Projected
    • Other Annual Income $
    • Potential Rental Income Annual $
    • Projected Annual Expense $0
    • Projected Annual Net Income $0
    • Projected Gross Income $0
    • Projected Gross Operating Income $
    • Vacancy Credit Losses
    Tax details
    • Annual Tax $9,704
    • Legal Description PT LOTS 1 2 3 & 4 BLK 49 BUENA VISTA AND PT NW4SE4SE4 8-14-78 B239 P50 REC 421592
    • Tax Exemptions
    • Tax ID R327108449133
    • Tax Year 2020
    Other
    • Tenant Pays
    • Utilities Metering
    • Utilities Paid By Tenant

    Neighborhood

    Summary

    • Building Name
    • Development Name
    • Park Name
    • Senior Community No
    • Subdivision
    New Home Community
    • Community Description
    • Community MLS #
    • Community Name
    • Community Opening
    • Community Website
    • Current Promotions
    • Development Status
    • Directions from Agent From the stoplight at Main Street and US-24, go east for one block. Property is on the north side of the street -- front patio seating is highly visible from this intersection.
    • Move In Date
    • New Home Available Options
    • New Home Land MLS #
    • New Home Plan MLS #
    Zoning Details
    • Current Use Arts/Creative,Commercial,Event Space,Food Service,Restaurant
    • Incorporated? No
    • Zoning Commercial
    • Zoning Jurisdiction

    Other

    Business Details
    • Business Amenities
    • BusinessDescription
    • BusinessType
    • Year Established
    History
    • Original List Price $3,950,000
    Partial Ownership Details
    • Partial Ownership Amount
    • Week Remarks
    • Weeks Available
    Other
    • Home Warranty
    • Ownership
    • Possession Immediately
    • Special Listing Conditions None Known
    • Year Built 1885

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    School Zone

    District:
    Schools: Elementary School, High School, Middle School

    Area Map

    Walk Score

    Bike Score

    Bike Score

    0 description
    Transit Score

    Transit Score

    0 description summary
    Walk Score

    Walk Score

    0 description
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