701 E 2nd Avenue, Durango, CO$285,000
GAYLE WEBSTER
Phone: (970) 903-8815
Cell: (970) 903-8815
00gwebster@gmail.com

Listing Provided By:
Abbi Munn  of  The Wells Group of Durango Inc.
MLS#:751361
Year:1955
SQ Feet:4,930
Office SQ Ft:0
Story(s):2
Units:2
Zoning:Commercial

Mutu's Italian Kitchen a staple in the Durango restaurant scene has been in operation since 2005. Successfully ran and operated, Mutu's was the recipient of the 2018 Best of Durango for Best Italian Food. Located on the corner of 2nd Avenue and 7th Street, Mutu's is truly located in the heart of Downtown - blocks from the Durango and Silverton Narrow Gauge Railroad, the Durango Arts Center, and more. The restaurant area has main level as well as balcony seating. The lounge features a granite topped bar, and several pub tables with a wall of windows. The restaurant and lounge can hold 263 patrons at maximum capacity. Expanded seating during the warmer months is available on the patio. In addition to the restaurant space, the building also contains a 384 SF, 1 bedroom apartment with a balcony overlooking 2nd Avenue that is currently rented month-to-month for $1,275, supplementing the restaurant lease. Business is on course to exceed $125,000Net Income for 2019. The property has six parking spaces on site. The offering is for the business only - the real estate is not for sale. The sale of the business is subject to the existing lease; terminates 1/1/2021 with an option to renew for one 5-year term. Tenant has invested over $25,000 in capital improvements to the building/property in the last few years. This is...


Updated: 09/20/2019
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