160 E Main Street 160 E Main St

Investment Highlights

Large Restaurant Space Spacious Parking Lot Tenant Occupied Retail Space Until January 2025

Executive Summary

**Property Overview:**160 E Main Street offers an exceptional commercial investment in Lyons, Colorado, featuring a total of 7,964 sq ft of versatile space. This property not only provides a substantial footprint on the main floor (5,592 sq ft restaurant + 1,246 sq ft storefront) and additional office space on the second floor (1,126 sqft) but also comes with an established tenant, Western Star, occupying the storefront until January 2025. This guarantees immediate rental income, making it a compelling proposition for investors. The restaurant space rented for $3,900/mo, $2,500 NNN and the store front rents for $1,500/mo, $1,800 NNN. **Key Features:**-Total Space: 7,964 sq ft across two levels, with 5,592 sq ft of main floor space and 1,126 sq ft of office space upstairs.-Current Tenancy: The storefront is leased to Western Star until January 2025, offering a secure income stream for the new owner.-Location: Situated on E Main Street in Lyons, a location known for its high visibility and traffic ? ideal for businesses.-Facilities: The property is well-equipped with modern utilities, high-speed internet, and features adaptable for a wide range of business needs.-Parking: Ample customer and employee parking available.**Investment Highlights:**-Immediate Rental Income: Benefit from the existing lease agreement with Western Star, a reliable tenant, ensuring a steady income right from the purchase.-Strategic Location: Lyons is a vibrant community with a strong local economy, making it a prime spot for commercial investment.-Versatility: The additional office space offers flexibility for future leasing strategies or for use by the owner?s own business endeavors.**Location Benefits:**-Prime position in a bustling community known for its outdoor activities, cultural events, and as a gateway to the Rocky Mountains.-High foot traffic and visibility for businesses, supported by a strong local and tourist customer base.-Proximity to other commercial entities enhances potential customer reach and business synergy.**Potential Uses:**While the main floor retail space is currently occupied (lease ending January 2025), the additional upstairs office space offers potential for:-Professional offices-Creative studios-Specialty servicesThe main floor restaurant space has nearly unlimited potential uses as the space is vast, clear. The kitchen supplies WILL remain with the building. So, a future restaurant lease would be a seamless process!The property has been meticulously maintained, ready for the next investor to take over and enjoy the benefits of an established tenant along with the potential to further develop and lease the remaining space.

• Sale Type    Investment NNN
• Property Type    Retail
• Property Subtype    Restaurant
• Building Size    7,964
• Building Class    C
• Year Built    1939
• Price    1,198,000
• Price Per SF    150
• Cap Rate    9.72
• NOI    116,393
• Tenancy    Single
• Building Height    2 Stories
• Building FAR    0.34
• Land Acres    0.53 AC

• Pylon Sign
• Restaurant
• Signage
• Tenant Controlled HVAC
• Air Conditioning
• Fiber Optic Internet