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State Armory Building
614 8th Avenue
Greeley, CO 80631 |
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Click here for Brochure |
A Greeley landmark since 1978, this unique food-and-beverage emporium
is adorned with movie props and turn of the century antiques. The State Armory is available
to a new licensee or owner for the first time in three decades. |
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OPPORTUNITY TO LEASE OR PURCHASE |
- Full service restaurant, bar and entertainment venue in downtown Greeley, CO
- Fully equipped kitchen, fire suppressant system for grill and open fryers
- Walk in coolers and dry storage: commercial freezers
- Stainless sink and service tables
- Two antique bars; for food and drink side and for entertainment, stage and DJ venue
- Large (50 keg) walk-in coolers in basement below bars serve beer and softdrink needs
- Includes license for "State Armory" and mascot logo
- Tables, booths, and decorative memorabilia included
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LEASE INFORMATION |
| SIZE: |
Approximately 10,000 feet on the main floor and balcony level. |
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| CONSTRUCTION: |
Brick construction (1921) in Italianate style. Hardwood floors in restaurant and bar areas.
Tile in kitchens, restrooms and behind bar areas. |
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| HEATING AND A/C: |
Provided by twin furnaces and compressor units. |
| ELECTRICAL: |
Service upgraded for full commercial load. |
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| FIRE PROTECTION: |
Sprinkler system throughout the building. |
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| PARKING: |
On site and Public for 100+ vehicles. |
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| REMODELING REQUIRED: |
Owner may participate in upgrades and modernization of basic (code compliant) systems since last remodeling was thirty years ago.
However, building infrastructure, fixtures, kitchen and bar coolers and serving systems are in place. |
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| LEASE OFFERING: |
Ten year (renewable for additional term) lease to be offered at low monthly rate plus a percentage of gross sales.
Rate dependent on licensee's contribution of remodeling expense. |
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| SALE OPTION: |
Property will be considered for sale to appropriate and qualified purchaser at price of $495,000 exclusive of parking lot. |
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| FINANCIAL INCENTIVES: |
State Armory is a historic building (pending official designation) and is in Greeley's Enterprise Zone;
both allowing substantial tax credits for remodeling, building permits, and job development. Low interest loans
are available. |
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APPLICATIONS |
For individuals desiring to compete for this unique license opportunity.
Please direct applications to:
Thomas & Tyler, LLC
710 11th Ave Suite L-75
Greeley, CO 80631
or
P.O. Box 535
Greeley, CO 80632 |
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