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    121-127 Justice Ctr Rd Cañon City, CO 81212

    For Sale
    $6,522,500

    High-Occupancy Retail Plaza in Cañon City, CO

    Property size:
    64,561 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    368
    This exceptional 64,561 square foot retail center, built in 2004, is strategically located at the intersection of Highway 50 and Justice Center Road in Cañon City, Colorado. Boasting a strong 90.72% occupancy rate, the property sits on a 5.37-acre lot and benefits from significant recent upgrades including facade, roof, and parking lot improvements. Anchor tenants include Planet Fitness, Ent Credit Union, and Cañon Cinema, attracting a diverse customer base. The center's high ceilings offer adaptable spaces suitable for a variety of retail uses. Its prime location benefits from high traffic counts, with 19,646 vehicles daily traversing Highway 50 and Mackenzie Avenue. The property is conveniently situated 45 miles southwest of Colorado Springs and 25 miles northwest of Pueblo, providing access to a substantial regional population. The area's natural beauty, including the Arkansas River, numerous parks, hiking trails, canyons, and the Royal Gorge Bridge and Train Ride, draws significant tourism, further enhancing the center's appeal. This presents a compelling investment opportunity in a thriving Colorado community. The asking price is $6,522,500.

    Property Features for 121-127 Justice Ctr Rd

    General Information

    Property type
    Retail properties
    Square Feet
    64,561 SF
    Lot Size
    233,917 SF

    Building Details

    Year Built
    2004

    HighLights

    • Planet Fitness, Ent Credit Union, and The Cañon Cinema are anchor tenants.
    • Recently renovated with exterior façade, roof, and parking lot improvements.
    • Strong employment base within walking distance.
    • High ceilings offer versatile retail space.
    • High traffic count of 19,646 vehicles daily on Highway 50 and Mackenzie Avenue.
    • Convenient location, 45 miles southwest of Colorado Springs and 25 miles northwest of Pueblo.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Wholesale Shop Auto Repair Shop Hair Salon Clothing Store Nail Salon Pharmacy

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Cañon City
    County
    Fremont
    State
    Colorado
    Longitude
    -105.1835451
    Latitude
    38.4465562

    Nearby Comparable

    • $653,400

      Cañon City Development Land

      Prime commercial land available in Cañon City.
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      Caon City Commercial Land Opportunity

      1.4 acres of commercial land with highway access.
      3275 E Us Highway 50, Canon City, CO 81212
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    • $1,500,000

      Highway Frontage NNN Investment Opportunity

      NNN investment property on high-traffic highway, generating monthly rental income.
      3215 E Us Highway 50, Canon City, CO 81212
      View Details
    • Contact for pricing
      1.97 Acres

      Prime Canon City Commercial Land

      1.97 Acres, High Traffic Corner Lot
      0 Us Hwy 50 & Mackenzie Ave, Cañon City, CO 81212
      View Details

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    FAQs

    What type of property is this?
    Retail property - High-Occupancy Retail Plaza in Cañon City, CO
    Where is this retail property located?
    The property is located at 121-127 Justice Ctr Rd Cañon City, CO.
    What is the asking price?
    The asking price for this property is $6,522,500.
    What are key features of this property?
    This property features: Planet Fitness, Ent Credit Union, and The Cañon Cinema are anchor tenants.; Recently renovated with exterior façade, roof, and parking lot improvements.; Strong employment base within walking distance.
    Request Owner's contact information
    121-127 Justice Ctr Rd Cañon City, CO 81212
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    121-127 Justice Ctr Rd Cañon City, CO 81212
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