Property profile

231 Main St Canon City, CO 81212

FOR LEASE
Turn key restaurants
Property ID
US13-0756161
5,293 SF 0.12 ac lot Built 1878
Entity Owned 6-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

This long-established Italian restaurant is located on a corner lot along Main Street in Canon City and historically operated as a single-ownership food service business serving lunch and dinner, with food preparation centered on homemade items. The heated interior area is over 5,200 square feet and is laid out to support dine-in service, including a main dining room, a kitchen and pizza area, dishwashing facilities, food storage, a large freezer, and a walk-in cooler. A larger banquet room or additional seating area includes a bar, and there is also a smaller private party dining area. Two sets of handicap-accessible restrooms are present—one serving the front dining area and one serving the back dining area. The property includes an attached covered patio and has been continually updated and maintained. The lot size is approximately 0.12 acres, and the commercial site is suitable for conventional restaurant use and related retail and dining concepts.

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

Location

231 Main St Canon City, CO 81212
Canon City metro Census 978600 CANON CITY, CO MICROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$845k

Owner & transaction history

since 2019
7 recorded transactions
2019
Price N/A
2017
Price N/A
1969
Price N/A
1969
Price N/A
1969
Price N/A
1969
Price N/A
1969
Price N/A

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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