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Property profile & analytics
OFF-MARKET
Commercial real estate

2323 Grand Mesa Dr Cedaredge, CO 81413

6,426 SF 0.89 ac lot Built 1920
Property ID
Property summary
AI-generated overview

This exceptional 6,426 square foot restaurant in Cedaredge, Colorado, presents a unique investment opportunity. Situated on a 0.89-acre lot, this well-established steakhouse, known as RJ's Restaurant, enjoys a strong reputation within the community and surrounding area. The property has undergone a complete renovation, boasting a brand new commercial kitchen equipped with modern appliances. The dining area features fresh seating, updated tables and chairs, and an expanded bar area. Significant improvements also include a new roof, siding, furnace, air conditioning system, and completely remodeled customer restrooms. This turnkey operation includes all furniture, fixtures, equipment, and inventory, ensuring a seamless transition for the new owner. Adding to its appeal, the property includes two attached apartments—one upstairs and one downstairs—offering additional income potential or housing options for staff or owners. The property's prime location and extensive recent upgrades make this a truly exceptional commercial real estate offering. The asking price is $600,000.

Property profile
Verified
Property type Commercial real estate
Year built 1920
Total area 6,426 SF
Lot 0.89 ac (38,768 SF)
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
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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