Listed by Keller Williams Realty Southwest Associates, LLC
$3,500,000
1304 & 1314 Greene Street
Details
APN R2666, R2662
Property Type Retail, Mixed Use
Sub Type Business and Building, Restaurant
Square Footage 10,500
Net Rentable (SqFt) 10,500
Units 4
NOI $110,084
Tenancy Multi
Lease Type Gross
Class C
Year Built 1880
Buildings 2
Acreage 0.172
Zoning MU-1 Downtown Mixed Use
Investment Type Owner/User
Tenant Credit No Credit Rating
Ground Lease No
4 Businesses/2 Historic Buildings in Silverton | 10,500 SqFt
Marketing description
The offering combines two downtown Greene Street commercial parcels with four integrated hospitality businesses: The Pickle Barrel bar and restaurant, Smedley's Ice Cream & Coffee, Smedley's furnished lodging units, and Shangri-La Soaking Pools. The package offers a rare blend of historic real estate, operating businesses, lodging income, food/beverage revenue, and destination amenity value in the heart of Silverton's visitor corridor.
Investment highlights
- Legacy Greene Street Presence - The Pickle Barrel has operated since 1971 in an 1880 historic masonry building, creating brand equity and visitor recognition that cannot be manufactured quickly.
- Integrated Revenue Stack - The package combines restaurant/bar, kitchen-backed coffee/ice cream, furnished lodging, and soaking pools in a single downtown hospitality platform.
- Hospitality Amenity Differentiation - Shangri-La Soaking Pools creates a guest-facing wellness amenity and potential local/group/private-party revenue stream that supports lodging and visitor spend.
- Owner-Operator Upside - Current financials reflect seasonal operation; the business was historically operated year-round for 17 years, giving buyers a clear operational question to underwrite.
- Scarce Downtown Control - Two adjacent/connected Greene Street assets in Silverton provide frontage, brand visibility, and control of complementary uses in a constrained mountain market.
- Multiple Buyer Profiles - Potential buyer pool includes hospitality owner-operators, mountain lifestyle investors, food/beverage operators, boutique lodging groups, and strategic local/regional investors.
Listing Contacts
Listed by Keller Williams Realty Southwest Associates, LLC
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$110,084.00
$9,173.67/mo
Valuation Metrics
0
DSCR
3.15%
Cap Rate
3.15%
ROI
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