2323 Grand Mesa Dr Cedaredge, CO 81413
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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
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.