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.
|Days On Site||235|
|Date||Sales||Avg $ Per SqFt||Min Sale Price||Max Sale Price||Med Sale Price|
|Date: Jan 2019||Sales: 1||Avg $ Per SqFt: $132.78||Min Sale Price: $145,000||Max Sale Price: $145,000||Med Sale Price: $145,000|
|Date: Sep 2018||Sales: 1||Avg $ Per SqFt: $223.12||Min Sale Price: $305,000||Max Sale Price: $305,000||Med Sale Price: $305,000|
|Avg $ Per SqFt:||$132.78|
|Min Sale Price:||$145,000|
|Max Sale Price:||$145,000|
|Med Sale Price:||$145,000|
|Avg $ Per SqFt:||$223.12|
|Min Sale Price:||$305,000|
|Max Sale Price:||$305,000|
|Med Sale Price:||$305,000|
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