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$3,695,000
720 Lincoln Avenue, Steamboat Springs, CO, 80487
Looking for a Prime location in Downtown Steamboat? Here is your chance to own on the best block and the sunny side of the street between 7th and 8th. Think of this one as both a good income property with a lease until 2030 (with a 5 year renewal option) for the existing restaurant, plus the chance to develop the open side now which is provided for in the lease. If you are looking for income and want to be part of the transformation that is happening in Steamboat it is worth looking at this property for a long term investment / 1031 opportunity.
Offered By
Derek Hodson, The Steamboat Group
Property Details
Property Type
Commercial Sale
Status
Active
MLS #
S1063904
Heating
Forced Air
Cooling
Central Air
Utility Features
Electricity Available, Natural Gas Available, Sewer Available, Snow Removal, Water Available
SEWER
Public Sewer
WATER SOURCE
Public
Year Built
1980
Roof
Membrane
PARKING SPACES
10
Parking Features
Off Street,Parking Lot
Lot Features
Near Public Transit
CITY
Steamboat Springs
SUBDIVISION
Original Town Of Steamboat Springs
COUNTY
Routt
AREA
Downtown Area
STATE
CO
SUB AREA
Unknown
TAX AMOUNT
15247.2
LATEST UPDATE
2026-05-11T22:02:19.592Z
DAYS ON MARKET
198
PRICE CHANGE(S)
$3,950,000 Oct 9, 2025
$3,799,000 Dec 15, 2025
$3,695,000 May 11, 2026
Property Details
Property Type
Commercial Sale
Status
Active
MLS #
S1063904
New Properties On Market
104
41%
Increase In New Listings
Average Asking Price
$2,044,111
$358,566 Increase In Avg Asking Price
Average Asking Price / Sq. Ft.
$915
$60 Increase In List Price/Sq. Ft.
Average Days On Market
6
17 Day
Decrease In Days On Market
Data as of Jun 04, 2026.
Remaining statistics above are calculated on activity within the period from Apr 01, 2026 to May 31, 2026.
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