$75,000
New Castle, CO 81647
MLS# 162479
Status: Closed
2625 sqft
1 / 10
Property Description
The New Castle Diner is a 1950's style diner with lots of neon and a real soda fountain. They are proud to serve fresh products from local area farms and support other businesses in the valley. This small town diner was established in 2004. It's got a great reputation, located in a high traffic area, great staff of 15, menu has been recently updated, serves breakfast and lunch, and open 7 days a week. The diner is 2,625 +/- square feet, seats 54 people and has ample parking. This friendly diner has vintage decor and the local customers have become family! The kitchen is fully equipped and is in turn-key condition. Owner also does catering events and off-site special events. New owner will have to have landlord approval and new lease executed.The lease is a triple net lease. Cam charges are paid quarterly. Price includes all furniture, fixtures, and equipment. Inventory sold separately. There are a few items on lease. Listed with Bullock & Hinkey Real Estate - Call Brokers Bob Hinkey (970) 379-0492 or Kelly McKee (970) 618-0901
Details
Maps
Location Info
Current Price: $50,000
Type: Commercial
Major Area: New Castle
Area: 10-New Castle Proper
Asking Price: 75000
Original List Price: 125000
Street #: 820
Street Name: Castle Valley
Street Suffix: Boulevard
Address 2/Unit #: Suite 101
City/Town: New Castle
State/Province: CO
Postal Code: 81647
Keywords Info
Total Building SqFt: Not Applicable
Association Dues: No
Payment Per: Unknown
Listing Info
Listing Date: 2019-07-11
Short Sale: No
REO: No
Auction: No
Member Association: Glenwood Association
General Info
Sub/Loc: None
County: Garfield
Legal: Business Only No Real Property Included
Zoning: Business Only
Total SqFt: 2625
Unit SqFt: 2625
Business Name: Fresh Diner, LLC
Inventory: No
Parcel #: 000000000000
Year Built: 2004
Directions: Exit I-70. Straight through round-about onto Castle Valley Blvd. Turn right into Burning Mountain Subdivision (Commercial District). Restaurant on Left. No Sign.
Financing Info
Metro Tax District: No
Taxes: 312
Tax Year: 2018
Transfer Tax: No
Status Change Info
Status: Closed
Under Contract Date: 2020-04-24
Sold Date: 2020-04-27
Sold Price: $50,000
Sold Price Per/SF: 19.05
How Sold: Owner Will Carry
Remarks
Public Remarks: The New Castle Diner is a 1950's style diner with lots of neon and a real soda fountain. They are proud to serve fresh products from local area farms and support other businesses in the valley. This small town diner was established in 2004. It's got a great reputation, located in a high traffic area, great staff of 15, menu has been recently updated, serves breakfast and lunch, and open 7 days a week. The diner is 2,625 +/- square feet, seats 54 people and has ample parking. This friendly diner has vintage decor and the local customers have become family! The kitchen is fully equipped and is in turn-key condition. Owner also does catering events and off-site special events. New owner will have to have landlord approval and new lease executed.The lease is a triple net lease. Cam charges are paid quarterly. Price includes all furniture, fixtures, and equipment. Inventory sold separately. There are a few items on lease. Listed with Bullock & Hinkey Real Estate - Call Brokers Bob Hinkey (970) 379-0492 or Kelly McKee (970) 618-0901
Property Features
Allowable Uses: Business w/o RE
Condominiumized: No
Condition: Excellent
Supplements
The lease is a triple net lease. Cam charges are paid quarterly. Price includes all furniture, fixtures, and equipment. Inventory sold separately. There are a few items on lease. Listed with Bullock & Hinkey Real Estate - Call Brokers Bob Hinkey (970) 379-0492 or Kelly McKee (970) 618-0901
Listing Office: Bullock & Hinkey Real Estate
Last Updated: April - 28 - 2020
The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed.
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Broker Attribution:
(970) 384-2030