231 Main St, Canon City, CO 81212
For Sale
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This exceptional Canon City restaurant, established 23 years ago, offers a unique opportunity. Located at 231 Main Street, this historic 5,293 square-foot building, constructed in 1878, sits on a 0.36-acre lot. The property boasts ample street parking and benefits from high daily traffic counts averaging 20,973 vehicles in 2023. Inside, the restaurant features seating for 165 guests, comfortably spread across the main dining area, a front patio, a banquet room, and an indoor/outdoor bar. All equipment is included, making this a true turn-key operation. The building is classified as Class C and is in remarkable condition. Its prime downtown location, across from the iconic Clocktower, offers excellent visibility and accessibility. This property presents a rare chance to acquire a piece of Canon City's rich culinary heritage and capitalize on an established, successful business. The property's size, amenities, and location combine to create a compelling investment opportunity. The high traffic counts and established clientele base ensure a strong foundation for continued success. This is a chance to own a thriving restaurant with significant potential for growth.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
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Property description
Physical attributes from public recordsZoning & alternative use
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.