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In the quaint town of Morrison, nestledclose to the iconic Red Rocks Amphitheatre, a newcommercial listing has emerged. Dave Killingsworth, a local entrepreneur, has put up for sale his 1.3-acre real estate plot situated along Bear Creek Avenue.
This commercial listing comes in the backdrop of a thriving business scene in Morrison, with several notable properties up for grabs. Among them is the historic Holiday Bar and its adjoining properties along Bear Creek Avenue and Mill Street. The bar, famous for its live music events and community gatherings like free dinners on major holidays, encompasses approximately 10,400 square feet of retail space, two dwellings, and 58 private parking spots. This property, touted as a once-in-a-generation opportunity, presents a unique mixed-use property in a preferred tourist destination[1].
Another listing available for sale is a retail property located at 120 Bear Creek Avenue, offered through Fuller Real Estate. Details about its size and current use are scantily mentioned in the available information[2]. Furthermore, the retail building at 311 Bear Creek Avenue, currently leased to Sunshine Sensations, presents an investment opportunity with a fully occupied lease until February 2027, accompanied by a 3-year option, and a 5.13% Cap Rate, making it an attractive choice due to its manageability[3].
The town is also witnessing the commencement of the Red Hotel project, which includes a ground-level café, following a demanding approval process. This initiative aims to augment the town's offerings[4].
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[1] Source: Local Business Journal[2] Source: Fuller Real Estate listing[3] Source: Commercial Property Insights[4] Source: Morrison Town Council meeting minutes
Dave Killingsworth's sale of his real estate plot in Morrison presents an opportunity for interested investors, given the active business scene and unique mixed-use properties available. The historic Holiday Bar, with its retail space, dwellings, and parking spots, is another listing, touted as a once-in-a-generation opportunity. The retail building at 311 Bear Creek Avenue, leased to Sunshine Sensations, offers an attractive investment opportunity due to its low Cap Rate and long-term lease. These business ventures and developments in Morrison are worth monitoring for those interested in investing in local real estate or finance.
