120 W Silver Avenue Crestone, CO $ 599,000
120 W Silver Avenue
$ 599,000
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120 W Silver Avenue

Crestone, CO, 81131
$ 599,000
Bedrooms-- Baths-- Sq 4,250

Monthly Estimate*

$ 3,688

Listed by REMAX PROPERTIES
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Commercial Property for sale in Crestone, CO

for $599,000. This 4,250 square foot building was built in 2005 on a lot size of 0.39.

Price Reduced!! Charming Turn-Key Restaurant & Apartments in the Heart of Crestone, Colorado Prime Mountain Town Location | Mixed-Use Investment Property Welcome to an incredible opportunity in the vibrant mountain town of Crestone, Colorado! This unique mixed-use property combines a beloved Italian–Cuban restaurant on the main level with four charming 1-bedroom apartments upstairs, all fully rented. Whether you’re seeking a steady investment or envision running your own business in a thriving community, this property is ready to welcome its next owner. Property Highlights Four Residential Units Upstairs – Each unit is a comfortable 1-bedroom apartment, fully occupied with a strong rental history. Restaurant Space Downstairs – Home to a popular Italian–Cuban restaurant enjoyed by locals and visitors alike. Excellent blend of residential and commercial uses, offering flexibility and dependable income. Restaurant Features The main level is fully equipped and thoughtfully laid out, making it easy for a new owner or tenant to step in and continue operations. 3 × 16” Pizza Ovens 2 Fryers Flat top with 6-top propane burners If you are looking for a great opportunity give us a call!

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Commercial Active

Price

$ 599,000

Property Type

Commercial

Taxes

$ 3,020

Style

Chalet,Contemporary

Lot Size

0.39

Year Built

2005

Town/City

Crestone

County/Region

Saguache

MLS | Web ID

8800144

Features
General
Sewer Public Sewer
Utilities Electricity Available Electricity Connected Internet Access (Wired)
Possession Closing/DOD
Roof Shingle
Zoning commercial
Garage Spaces 0
Architectural Style Chalet Contemporary
Security Features Carbon Monoxide Detector(s) Fire Alarm Fire Sprinkler System
Construction Materials Frame
Year Built 2005
Electric 110V 220 Volts
Stories Count 2
Property Subtype Special Purpose
Tax Year 2024
Current Use Food Service Residential Restaurant
Gross Income 81600
County Saguache
Operating Expense 10440
Property Type Commercial Sale
Attached Garage N
Status Active
City Crestone
Number Of Units Total 5
Lot Size Units Acres
Lot Size Square Feet 16988.4
Carport Spaces 0
Listing Terms Cash Conventional
Tax Annual Amount 3020
Leasable Area 4250
Structure Type Free Standing
Standard Status Active
Occupancy Type Owner
Cap Rate 10.31
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Exterior
Water Source Well
Total Parking 15
Lot Size Area 0.39
Building Area Total 4250
Lot Size Acres 0.39
Road Surface Type Dirt Gravel Paved
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Internal Only
Street Number 1 120
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* Excluded Features
List By
Remax Properties

Broker

(719) 580-8672

Phone

Affordability Calculator

$3,940
Per Month
94%
6%
0%
Monthly Principal & Interest
$3,688
Monthly Property Taxes
$252
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.25% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
242254 Elementary School
242425 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
1/7/2026$599,000 -7.70% Price Down
11/4/2025$649,000 -5.94% Price Down
10/9/2025$690,000 Listed Price

Map


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120 W Silver Avenue, Crestone, CO, 81131 is a Commercial Property for sale at $599,000 with 4,250 sqft and a lot size of 0.39. 120 W Silver Avenue was built in 2005. The property's zip code is 81131 which is in Crestone, CO