Views
Address
701 E 2nd Avenue Durango, CO
Price
$ 175,000
Property Attributes
  • MLS#772364
  • TypeCommercial
  • CountyLA PLATA
  • CityDurango
  • AreaDurango In Town
  • Zip81301
  • StyleBusiness Opp Available
  • Year Built1955
  • Taxes11623
  • Price$ 175,000
  • Bedrooms0
  • Full Bathrooms0
  • Half Bathrooms0
  • Sqr Footage4930
  • Lot Size7,405 SqFt
Listing Provided Courtesy Of:
Berkshire Hathaway HomeServices Western Colorado Properties
Property Description

Turnkey business opportunity operating since 2005 in the heart of Downtown Durango. Business Owner/tenant has completed over $25,000 in capital improvement plus updates for the current operating conditions and is up and running.After updates and reopening during COVID-19, June 2020 sales were excellent. Under normal operating conditions the restaurant has a seating capacity of 263 and has expanded outside seating. The outside seating has beautiful flowers and a view of Historic Downtown Durango. The bar/lounge area is an open space which allows for company events and parties,with soft lighting that makes the space feel intimate and comfortable. The kitchen has been designed for efficiency and function allowing current staff to produce 20 minute meal turns. Mutus Restaurant in 2018 was voted Best of Durango Italian Food and is a longtime local favorite. The current lease runs thru 1/1/21 with a 5 year renewal option. There is a separate 384sf apartment with a balcony that is part of the current lease that has been rented for $1275 per month. Business only,building not included.

Price History
7/21/2020 Listed $195,000
8/13/2020 6% - $185,000
9/3/2020 6% - $175,000

General Features

Class COMMERCIAL
New Construction Y/N No
Property Description Corner
Status Active
Status Active
Stories 2
Type Business Opp Available
Zoning Commercial

Interior Features

1/2 Baths 2
Finished SF 4930
Fixtures Included Yes
Full Baths 1
Total Rooms 2

Exterior Features

Carport No
Lot Dimensions 75x100
Lot Size Area 0.17
Railroad Siding/spur No
Water Rights/irrig. No
Waterfront No

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Master On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Zip Code Average in 81301

Price
AVG $880K
$180K
Taxes
AVG $6,395
$11,623
Visits
AVG 22
20
Year Built
AVG 1967
1955
Walkscore
AVG 67
93
Data Provided by Walkscore ® not using MLS data

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