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38539 US Highway 285
About This Property
Welcome to the iconic Hungry Moose Caboose in scenic Jefferson-a truly rare opportunity to own a one-of-a-kind lifestyle property rich in history, character, and multiple income streams. This is a turn key business opportunity.
Originally built in the early 1880s as a depot on the Colorado Southern Railroad line-later part of the Denver, South Park & Pacific Railroad-this remarkable property is a designated historic site and a well-known landmark for locals and travelers alike.
Step inside and experience a living piece of Colorado history. Original wood floors in the kitchen, living room, and main bedroom showcase saw blade marks, hand-forged square nails, and even rail grease stains from its time as a working freight room. The natural wear patterns between rooms reflect its past life as a bustling ticket office and passenger waiting area.
Beyond its historic charm, the property offers exceptional income potential. The established food business draws steady traffic with its popular locally sourced beef hamburgers, while an additional commercial space-previously a successful cafe-style coffee and ice cream concept-offers room for expansion or new ideas. With prime highway frontage and summer traffic counts approaching 10,000 cars per day, exposure is outstanding.
Additional opportunities include a proven VRBO rental, another commercial space ready for lease, and a vintage caboose with exciting potential for a one-of-a-kind guest experience.
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What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Price History
| Date / Event | Date | Event | Price |
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| May 2, 2026 | Listed | $1,620,000 | |
| Listed | |||
| Dec 28, 2021 | Sold | ||
| Sold | |||
| Jun 15, 2021 | Listed by Colorado Home Realty | $545,000 | |
| Listed by Colorado Home Realty | |||
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Live / Work Opportunity for the Outdoor Enthusiast!
Live extraordinarily in this gorgeous 1920’s railroad depot updated, permitted and recorded on the National Historic Registry! With a few appliances make the depot your home! Bursting with Victorian charm it boasts soaring 12 foot ceilings, rustic woodwork and hardware, oak plank floorboards and a possibility of expansion into the tall attic space. For the last 20 years the property has been renovated and updated to serve as the Hungry Moose Caboose restaurant with a newer commercial kitchen, ice cream parlor, beer and wine garden that includes ample parking and an awesome location. This is a natural spot to stop and take in the breathtaking views after coming over Kenosha Pass which translates to an unbelievable commercial opportunity for the entrepreneur! Live in the Depot while you build your brand, open new businesses or residences (talk to the County about affordable housing incentives) or lease out the existing spaces to other tenants. This mountain community is growing fast, and as a business owner you’d literally have the market cornered. With Georgia Pass, the Colorado Trail, Jefferson Lake, and Tarryall Reservoir right out your back door, this 1.53 acres of commercially zoned property abutting Highway 285 is one of Colorado’s most travelled highways from the metro areas of Denver and Colorado Springs into the mountains. Bring your dream here, to the Jefferson Depot, at the base of the Continental Divide! (Don't forget to have your agent print out the attached docs detailing improvements included with sale such as a new commercial septic system and much more). Information provided herein is from sources deemed reliable but not guaranteed and is provided without the intention that any buyer rely upon it. Listing Broker takes no responsibility for its accuracy and all information must be independently verified by buyers.
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| Jun 2, 2019 | No longer available | - | |
| No longer available | |||
| Oct 12, 2018 | Listed | $635,000 | |
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Historic Jefferson Depot (Circa 1880) Hungry Moose Caboose, Ice Cream Shack & Depot Beer and Wine Garden. Many New improvements including Heating, Plumbing, Insulation & Roof to name a few. Real Estate, Liquor License, Ford Model T, All kitchen equipment, Operating procedures & Inspection reports are included in the Sale. Daily traffic count in 2016 5,400 vehicles a day.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017