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    FOR SALE
    Turn key restaurants

    231 Main St, Canon City, CO 81212

    5,293 SF 0.12 ac lot Built 1878
    Entity Owned 6-yr Hold ~ Est. High Equity
    Property ID
    US13-0756161
    Property summary
    AI-generated overview

    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.

    Property profile
    Verified
    Property type Turn key restaurants
    Use group RESTAURANT
    Year built 1878
    Total area 5,293 SF
    Lot 0.12 ac (5,280 SF)
    APN 11020230
    UPID US13-0756161
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
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    Comparable Approach Comparable
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    Blend (final) Blend
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    Owner & transaction history
    Dirito S Restaurant LLC · 6 yrs held
    Dirito S Restaurant LLC
    since 2019
    7 recorded transactions
    2019
    2017
    1969
    1969
    1969
    1969
    1969
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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