Steamboat Springs, CO
Address:
700 Yampa Street, A105
EXECUTIVE SUMMARY
Business:
Notable Neighbors: Cypress, Brass, Aurum, E3 Steakhouse, and Icehouse Year Built: 2007
INVESTMENT HIGHLIGHTS
Howelsen Place and Emerald are located at 7th & Yampa in downtown Steamboat's commercial core. The prime position provides substantial visibility and access to both vehicle and pedestrian traffic, particularly during winter months when sidewalks remain clear due to snowmelt. The location is further enhanced by the seasonal Farmer’s Market on 7th and Yampa Streets, which consistently draws large crowds just outside the property’s door. Located just one block off Lincoln Avenue/Highway 40 at 7th & Yampa Streets, the property benefits from high daily traffic counts of 23,000 vehicles.
EMERALD IS A WELL-ESTABLISHED BUSINESS
offering coffee, light dining, and beer & wine, and has been in operation for 33 months. The 1,389 square foot corner space has abundant natural light, and permitted outdoor seating with the ability to serve liquor outside increases seating capacity. The business has two reserved Farmer’s Market booths right outside the shop for summer 2025, which can be renewed on a yearly basis. Offered turnkey with all equipment and licenses included.
VERSATILITY & LIMITED SUPPLY
This property is ideally suited for an owner-operator or an investor looking to capitalize on a prime location with zoning that allows for retail, restaurant, or office use.
Downtown commercial property has a limited supply. With over 1,000 residential and lodging units under construction or in planning, and virtually no commercial space being built, this is a once in a lifetime opportunity.
STRONG DEMOGRAPHICS
Steamboat’s physical beauty and year-round recreation continue to attract wealth to the area. In the post-COVID boom, average real estate values have increased ??%, and the average household income tops $170,000.
2024 HOUSEHOLDS BY INCOME (ESRI)
The largest group: $200,000+ (27%) | The smallest group: $15,000 - $24,999 (1.5%)
INDICATOR VALUE DIFFERENCE
<$15,000
$15,000 - $24,999
$25,000 - $34,999
$35,000 - $49,999
$50,000 - $74,999
$75,000 - $99,999
$100,000 - $149,000
$150,000 - $199,999
$200,000+
* Infographic contains data provided by ESRI.
AREA OVERVIEW
STEAMBOAT
BY THE NUMBERS
#1
Best Ski Resort in North America
OnTheSnow Visitor’s Choice Awards, 2023
2ND LARGEST
Ski Resort in Colorado with 3,741 skiable acres
3 HOURS
Driving distance from Denver
3.16 MILES
Length of the Wild Blue Gondola, the longest in North America
30 MINUTES
Distance to Yampa Valley Regional Airport, which receives dozens of daily direct flights from 16 major U.S cities
13,508
Population of the City of Steamboat Springs
293
Average inches of snowfall per year
TRAVEL TO & FROM STEAMBOAT
The Yampa Valley Regional Airport is 25 miles west of Steamboat Springs and hosts six major airlines with dozens of direct daily flights from major cities.
SOURCE: www.steamboat.com
Driving to Steamboat Steamboat is located approximately 3 hours from Denver and Fort Collins.
EQUIPMENT LIST
• Total for equipment alone (without installation costs): $80,500
• Equipment is lightly used and in good working condition
• (All refrigerators/freezers use newer R290 refrigerant)
• D55AF Dukers Commercial 2-Door Top Mount Stainless Steel Freezer: $4k
• D55AR Dukers Commercial 2-Door Top Mount Stainless Steel Refig: $3.5K
• Nuova Simonelli Aurelia Wave 3 Group Volumetric Espresso Machine(with rack on top, portafilters, etc.) $15k
• Puqpress Gen 5 Q2 Automatic Coffee Tamper: $1.2k
• Sanremo SR64 On Demand Espresso Grinder: $2.2k
• Drip Coffee Grinder: $1.4k
• Frothing Pitcher Rinser: $300
• Marco Ecoboiler Countertop Hot Water Dispenser Boiler: $1.5k
• Coffee Makers (4; 3 small, 1 large) $700
• Vevor Commercial Ice Maker, 130lbs/24H: $400
• Maxx Ice MIM75 Self-Contained Ice Maker with Bin:$1.5k
• Avantco Undercounter Glass Door Refrigerator (48” wide): $2k
• Ikon Undercounter Stainless Steel Door Refrigerator (48” wide): $3k
• Undercounter Stainless Steel Door (IKON) Freezer: $3.6k
• Small Refrigerators (2 stainless steel undercounter and 1 glass countertop): $1.4k
• Blendtec C825C11Q Countertop All Purpose Blender Pre-Programmed (2): $2k
• Blendtec Jars (6): $600
• West Kitchen WSP48 48” Refrigerated Sandwich Prep Table w/ 2 Doors and 12 1/6 Pan : $1.5k
• Waring WDG300T Double Commercial Panini Press w/ Cast Iron Grooved & Smooth Plates, (240v): $1.2k
• Microwave: $100
• Waring WIH800 Double Induction Range w/ Step Up (240V), 3600W: $1k
• Cadco OV-023 Half-Size Countertop Convection Oven, 208/240v: $1.2k
• Vulcan VC5ED Single Full Size Electric Convection Oven - 12 1/2 kW, 208v/3ph: $6.5k
• Jet Tech EV18 High-Temp Undercounter Dishwasher + Heat Booster: $4.8k
• Dish Racks for the Dishwasher: $240
• Garbage Disposal: $500
• Koolmore Commercial Ice Cream Freezer Display Case, Glass Top Chest Freezer with 3 Storage Baskets and Sliding Lid, Large 9 cu. ft. Capacity: $1k
• Marchia USTAR50 52” Black Low Profile Open Air Cooler Grab&Go: $4k
• 18 camera security system with screen: $2k
• Stainless steel kitchen worktop tables (4): $800
• Baking rack: $300
• Blue Air BS2-18-12/2D Commercial Sink, (2) Two Compartment, 18 Gauge Stainless Steel Construction with Stainless Steel Legs w/ 2 Drainboards - 72” W + Krowne DX-109 Wall Mount Pre Rinse Unit w/ Add On Faucet & 44” Hose: $2k
• Handwashing sink: $1k
• Undercounter stainless steel shelving (5): $700
• TOAST POS hardware: Router (Meraki Z3); Additional POS + Tap; Toast Cash Drawer (Black); Toast Printer with Power Supply (Black); Kitchen Display Screen; Kitchen Printer: $1.2k
• Nuova Simonelli RSCF 195 Large Water Filter System 4350 Grains (4 - 1 with a flexible hose; installed on dishwasher, smoothie sink, hot water heater, espresso machine): $1.7k
Chris Paoli Managing Partner