Valerie Meyers - Coldwell Banker Distinctive Properties
53582 Falcon Road
Olathe, CO 81425

Description

The Garrett Estates Cellars winery is known for producing some of the nicest wines in Western Colorado. Winners of many awards and medals, Garrett Estates produces Pinot Noir, Pinot Grigio, Cabernet Sauvignon, Riesling, Merlot, Gewrztraminer, and Chardonnay. The winery is a state-of-the-art 7,475-square-foot facility complete with grape presses, fermenting vats, chilling room, barrel storage, bottling facility, storage, and a 1,600-square-foot tasting room with two half-baths that doubles as an event center. The winery is situated on a 13.7-acre tract that is all in grapevines other than the parking lot and driveway, plus a small building site to the south that would serve as a great homesite for a new owner. The winery is being offered for sale with its labels and books, or it can be purchased as a new entity. Currently the winery is producing about 3,000 cases of wine a year, but the facility is capable of producing up to 7,000 cases a year. The owner is offering $250,000 (wholesale value) in a separate purchase of unlabeled bottled inventory to allow a new owner a quick start in the winemaking business. The building itself cost over $1.2 million to build, not including the mature grapevines; this business is offered at a substantial discount. The building, grounds, and grapevines are well maintained and in excellent condition. The setting is beautiful, as the property is near the end of Falcon Road and very close to thousands of acres of public lands. The adjacent property also has about 17 acres of grapes, which would be a natural source of wine grapes for more cases of wine.

Details

MLS#749844
Sub-TypeResale
StatusActive
Year2008
Days On Site108

Features

SQ Feet7,475
Story(s)1
Units1
ZoningCommercial

Market Activity 81425

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Area Information

StateCO
CityOlathe
Zip Code81425
AreaOlathe
Listing VS Median (in 81425)
Price:
$899,000
low | high
Med:
$247,500
100% of Average
SqFt:
7,475
low | high
Med:
1,162
100% of Average
$ / SqFt:
$120
low | high
Med:
$213
27.100823443145% of Average
On Site:
108
low | high
Med:
6
100% of Average
Listing Updated: 12/15/2018
MLS Number: 749844
Listing Provided By:
Gary Hubbell  of  United Country Colorado Brokers



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