1323 GREENE ST Silverton CO 81433

World renowned and infamously famous Handlebars Saloon and its historic building located in the heart of downtown Silverton is available for sale for the first time!

• 4 apartment units on the top floor

• Restaurant space on the main and basement

• Restaurant business, Handlebars Saloon, grossing over $1m annually each summer May - Oct

• Solar farm on roof AND

• A fully vacant side lot also zoned commercial currently used for outdoor seating but has so much potential in its own right!

Walking through the front doors at Handlebars is like taking a step back in time as you're greeted with the friendliest staff this side of the Animas. The building was built in 1905 but fully remodeled in 2019 including full new roof and large solar farm on the roof that provides additional income. The building is 5000 square feet which includes a dining loft and full basement including new walk in freezers and coolers. Upstairs you'll find 4 comfortable studio apartments with full kitchens and shared laundry area, these are in high demand and rented year round to staff of the restaurant which operates May - Oct and then with Silverton Mountain Staff. Vacation rentals would be a use by right in this zoning as well.

Next to (and included in the sale) the gorgeous stone building is a full vacant lot currently used for outdoor patio seating and staging, it is also zoned commercial and lodging (what we call Business pedestrian) so has HUGE opportunity for expansion including more lodging, more dining, retail, live / work .... this is the opportunity to live the Colorado Mountain Lifestyle dream offered at well below replacement cost, this opportunity is not to be missed! Silverton, CO is a designated Opportunity Zone.

2019 Rebuild includes: Sprinkler system, 2 large walk in coolers, 1 large walk in freezer, 400 amp power, Solar farm on roof, in floor heating on first floor. All FF&E included in sale, current owners open to train during transition, staff would are dedicated and ready to stay.

• Handlebars Saloon Business Gross on average $1.277M/ valued at $500,000 in just 6 months of operation, May - Oct.

  • Manager (current owner) pay approx $22.5k /year

  • Restaurant ‘Rent’ paid for space to partner $20k/year

  • Net to Business $115k/year + $20k (above) + $22.5K (above) = $157.5k

• 4 apartments on top floor currently utilized as staff lodging at approximately $40k+/ year, could be better utilized as short term rentals or a combination of such.

  • $1000/month for 2 large units

  • $800/month for 2 smaller units

  • NOTE - these are rents charged to employees, a mix of STR would up this income significantly.

• Silverton, CO is an Opportunity Zone

• 2019 rebuild of the building was full and complete to the studs including;

  • Sprinkler system

  • 2 large walk in coolers

  • 1 large walk in freezer,

  • 400 amp power,

  • Solar farm on roof

  • In floor heating on first floor