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Restaurant, Office & Warehouse Property
For Sale
$550,000

1336 Elm Avenue, Canon City, CO 81212

A single-site setup with a commercial kitchen, banquet room, office space, and warehouse for flexible redevelopment.

Lot Size1.84 Acres
Days on Market144

Property Features for 1336 Elm Avenue

General Information

Standard status Active
Lot size 1.84 Acres
Property subtype Mixed Use

Building Details

Year Built 1956
Listing Agency: Kurt Zerby Real Estate Group
Listed By: Kurt Zerby
Source: Xome
Added: Mar 9 Changed: Jul 10 Last Checked: Jul 5 at 8:12PM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Kurt Zerby Real Estate Group

Investment Insights

Based on property information with market context.

This for-sale property combines the original Merlino’s Belvedere restaurant building with adjoining office and warehouse improvements, all on 1.84 acres. The restaurant is no longer operating, but a small functioning commercial kitchen remains. The building also includes a large banquet room and bathrooms available periodically. The lower level of the restaurant is reported to need work if the space is to be restored and reopened.

Also on site is a 3,700-square-foot office building in the back described as being in good shape, along with a 9,000-square-foot warehouse. The overall configuration is designed for multiple uses under one ownership, with both customer-oriented space and storage or operational space included. The property is located at 1336 Elm Avenue, Canon City, CO 81212.

For tenants and buyers evaluating a mixed-use option, the combination of office space plus warehouse footprint can support a variety of operational needs alongside the existing restaurant-related improvements. Owner-users may find the remaining commercial kitchen and banquet room useful for future food service concepts or events, while the office and warehouse components provide practical space for administrative and work activities. The condition notes—good shape in the office and warehouse, with restaurant lower-level work needed—help frame renovation expectations for prospective plans.

Key Highlights

  • Original Merlino's Belvedere restaurant building plus adjoining office building and warehouse on 1.84 acres
  • Includes 9,000 SF warehouse and a 3,700 SF office building in the back
  • Restaurant no longer operates, but there is a small functioning commercial kitchen and a large banquet room with bathrooms

Property Analytics

Current Use

Flex space

Suggested Use

Top Pick Real Estate Agency Law Firm Dental Office Restaurant Spa & Massage Center Pharmacy

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

121
Businesses Nearby
Under-served
Demand for This Use

Demographics for 81212, CO

31,643
Population
12,918
Households
2.4
Avg Household Size
45
Median Age
22%
College-Educated
91%
High-School Grad
672.0 sq mi
ZIP Area
47
Density / Sq Mi
$63,545
Median Household Income
$38,670
Median Earnings
$1,063
Median Rent
$286,300
Median Home Value

Market

Vacancy Rate% for Office in West region

11% 2019
14.1% 2020
15.5% 2021
17.2% 2022
19.9% 2023
21% 2024
20.8% 2025
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Frequently Asked Questions

What type of property is this?
Flex space - A single-site setup with a commercial kitchen, banquet room, office space, and warehouse for flexible redevelopment.
Where is this flex space located?
The property is located at 1336 Elm Avenue Canon City, CO.
What is the asking price?
The asking price for this property is $550,000.
What are key features of this property?
This property features: Original Merlino's Belvedere restaurant building plus adjoining office building and warehouse on 1.84 acres; Includes 9,000 SF warehouse and a 3,700 SF office building in the back; Restaurant no longer operates, but there is a small functioning commercial kitchen and a large banquet room with bathrooms
More about this property
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