114 Main St Florence, CO 81226-1529
This exceptional 2,000 square foot commercial property, located at 114 E Main St in Florence, CO, presents a unique investment opportunity. Situated on a 0.08-acre lot, this established bar and restaurant boasts a remarkable 22% cap rate, attracting significant traffic due to its prime location in Colorado's Antique Capital. The business enjoys high visibility and caters to a diverse clientele of all ages, further enhanced by regular live entertainment. The current owner is willing to provide comprehensive training, ensuring a smooth transition for the new owner. The property has been meticulously maintained and features numerous upgrades, including a new TPO roof, 5-inch steel commercial gutters, updated plumbing, a state-of-the-art POS system, Defender security cameras, an 8-foot stainless steel commercial hood, and an NFPA-certified fire suppression system. The well-equipped kitchen includes two coffin coolers, three refrigerators, a coffee maker, five freezers, and two fryers. The establishment offers ample seating, accommodating 70 indoors and 40 on the rear patio, furnished with metal outdoor furniture. Seven wall-mounted smart TVs add to the ambiance. Zoning allows for various uses, including business support services, sales/rental shops, financial institutions, membership clubs, and personal services such as barber shops. This turnkey operation is ready for immediate success. Priced at $329,900.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Property description
Physical attributes from public recordsZoning & alternative use
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.