Value-Add Opportunity: Mixed-Use, Restaurant, or Residential Redevelopment
$875,000
60006 US Highway 285, Bailey, CO 80421
2,974 sqft
Building Size
0.41 acres
Lot Area
Details:
Description:
One-of-a-kind location on the banks of the Platte River. Formerly the Riverbend Eatery, this 0.41-acre property has been recently converted into a mixed-use building, including:
- Two 1BR/1BA residential units, each with a kitchenette and great views overlooking the river. And,
- A paired-down restaurant called Oliver's Riverbend Bistro (currently leasing the café, kitchen, bar, and patio spaces).
Commercial zoning (Park County) permits additional expansion or redevelopment, and this is a great opportunity for an owner/user or investor to add significant value through adaptive re-use or expansion of the restaurant or residential uses.
BELOW-MARKET SELLER FINANCING IS AVAILABLE
Situated along a winding curve of South Platte River, rustic Bailey serves up healthy doses of beautiful canyon scenery. The mountain-wilderness backdrop lends a particular charm to this quaint mountain town, and a handful of national parks offers an abundance of outdoor recreation. Riverbend is located along Bailey's main retail corridor at the busy intersection of US HWY 285 and CO 64A. Centered between Denver (to the east) and Highway 9 (to the West), it is an ideal stopping point during road trips to and from the Mountains.
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Location
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