942 Lincoln AveSteamboat Springs, CO 80487

For Sale
$3,950,000

Prime Commercial Redevelopment Opportunity

Overview

Added:
Dec 11, 2024
Days on market:
91
This exceptional 17,500 sq ft land parcel, located at 942 Lincoln Ave in Steamboat Springs, CO, presents a unique investment opportunity. Currently operating as a profitable gas station and service center since 1977, the property boasts four fuel pumps, three service bays, a small office, and ample yard space. Situated in the heart of downtown, it benefits from high daily traffic (27,000 vehicles) and proximity to restaurants, shops, lodging, and entertainment. The Commercial Old Town zoning allows for a maximum building height of 38 feet and a 200% floor area ratio (35,000 sq ft), offering significant redevelopment potential. Adjacent to a new city hall and fire station project (under construction), this location is poised for growth. The property's strong performance and above-average gross margins make it an attractive investment, whether continuing current operations or pursuing a complete redevelopment. The existing business provides income potential during any redevelopment process. This is one of only two gas stations in downtown Steamboat Springs, a highly desirable tourist destination, and within a ten-minute drive of Steamboat Ski Resort, recently ranked the top ski resort in North America. The APN is R7718390. The asking price is $3,950,000.

Highlights

  • Highly profitable gas station and service center operating since 1977.
  • Features four fuel pumps, three service bays, a small office, and ample yard space.
  • One of only two gas stations in downtown Steamboat Springs.
  • Prime location near restaurants, shops, lodging, and entertainment; within ten minutes of Steamboat Ski Resort (ranked #1 in North America in 2022-2023).
  • Commercial Old Town zoning allows for significant redevelopment potential (38-foot height limit, 35,000 sq ft FAR).

Location Insight

City
Steamboat Springs
County
Routt
State
Colorado
Latitude
40.48727646
Longitude
-106.83663858
942 Lincoln Ave, Steamboat Springs, Colorado

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942 Lincoln Ave
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