Restaurant with Commercial
For Sale
$1,400,000
2839 North Ave, Grand Junction, CO 81501
Dining areas include a main bar, sushi bar, and separate private dining room.
Property Size9,076 SF
Price / SF$154.25
Days on Market12
Property Features for 2839 North Ave
General Information
Standard status
Active
Size
9,076 SF
Property subtype
Commercial
Restaurant
Seating Capacity
188
Commercial Hood
Yes
Grease Trap
Yes
Building Details
Year Built
1982
Listing Agency:
S.U.R.E., LLC
Listed By:
Katherine Davis C · License #12736
(970) 778-5083
Source:
Mountainmeadowrealestate
Added: Oct 26
Changed: Nov 3
Last Checked: Nov 4 at 2:12PM
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 S.U.R.E., LLC
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
The 9,076-square-foot restaurant at 2839 North Ave in Grand Junction includes dining space, a check-in area, a main bar, a sushi bar, and a private dining room with catering prep space. Interior features include exposed wood beams, a tongue-and-groove ceiling, and a stone gas fireplace. The commercial kitchen is outfitted with extensive cooking, refrigeration, storage, and sanitation equipment. Built in 1982, the property also has an employee restroom, IT room, and a manager’s office on the second floor.
Kitchen equipment includes a range with 6 extra-large burners and 14 standard burners, industrial fryers, pot fillers, a hood with fire suppression, walk-in coolers and freezers, and stainless steel prep stations. Built-in grease handling and multiple floor drains are also in place.
Kitchen equipment includes a range with 6 extra-large burners and 14 standard burners, industrial fryers, pot fillers, a hood with fire suppression, walk-in coolers and freezers, and stainless steel prep stations. Built-in grease handling and multiple floor drains are also in place.
Key Highlights
- 9,076‑square‑foot restaurant property built in 1982
- Main dining room, sushi bar, and private dining room with catering prep area
- Range with 6 extra‑large burners and 14 standard burners, plus industrial fryers
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$69,884
Cap Rate
4.99%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,397,680
$1.4M
Cap Rate 7%
$998,343
$998.3K
Cap Rate 9%
$776,489
$776.5K
Market Conditions
NOI Build-Up for 9,076 SF
Gross rent
$105.6K $11.64/SF
− Vacancy
−$5.8K −$0.64/SF
EGI
$99.8K $11.00/SF
− OpEx
−$30.0K −$3.30/SF
NOI
$69.9K $7.70/SF
Area
Mesa County, CO
Vacancy
5.50%
Lease Rate
$11.64 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,397,680
Cap Rate 7%
$998,343
Cap Rate 9%
$776,489
Alternative Uses
Best Use
Specialty Retail
$1.91M
$1.67M – $2.22M
NOI $133,376 @ 7.0% cap · market cap 9.53%
Second Best
Industrial
$998.3K
$873.6K – $1.16M
NOI $69,884 @ 7.0% cap · market cap 4.99%
Theoretical Best
Healthcare Medical
$17.22M
$15.07M – $20.09M
NOI $1,205,656 @ 7.0% cap · market cap 86.12%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
Yes
Commercial hood
Yes
Grease trap
Location Intelligence
Trade Area within ½ mile
827
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 81501, CO
23,935
Population
11,524
Households
2.1
Avg Household Size
33
Median Age
27%
College-Educated
90%
High-School Grad
8.7 sq mi
ZIP Area
2,751
Density / Sq Mi
$48,500
Median Household Income
$32,160
Median Earnings
$974
Median Rent
$283,300
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Average Price Trend$/SF for Restaurants in Mesa County, CO
Properties on Market for Restaurants in Mesa County
Vacancy Rate% for Retail in West region
Frequently Asked Questions
What type of property is this?
Restaurant - Dining areas include a main bar, sushi bar, and separate private dining room.
Where is this restaurant located?
The property is located at 2839 North Ave Grand Junction, CO.
What is the asking price?
The asking price for this property is $1,400,000.
What are key features of this property?
This property features: 9,076‑square‑foot restaurant property built in 1982; Main dining room, sushi bar, and private dining room with catering prep area; Range with 6 extra‑large burners and 14 standard burners, plus industrial fryers
