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Property profile & analytics
OFF-MARKET
Turn key restaurants

231 Main St Canon City, CO 81212-3729

5,293 SF 0.12 ac lot Built 1878
Entity Owned 6-yr Hold ~ Est. High Equity
Property ID
US13-0756161
Property summary
AI-generated overview

This exceptional Canon City restaurant, established 23 years ago, offers a unique opportunity. Located at 231 Main Street, this historic 5,293 square-foot building, constructed in 1878, sits on a 0.36-acre lot. The property boasts ample street parking and benefits from high daily traffic counts averaging 20,973 vehicles in 2023. Inside, the restaurant features seating for 165 guests, comfortably spread across the main dining area, a front patio, a banquet room, and an indoor/outdoor bar. All equipment is included, making this a true turn-key operation. The building is classified as Class C and is in remarkable condition. Its prime downtown location, across from the iconic Clocktower, offers excellent visibility and accessibility. This property presents a rare chance to acquire a piece of Canon City's rich culinary heritage and capitalize on an established, successful business. The property's size, amenities, and location combine to create a compelling investment opportunity. The high traffic counts and established clientele base ensure a strong foundation for continued success. This is a chance to own a thriving restaurant with significant potential for growth.

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
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
by Request
Owner & transaction history
Dirito S Restaurant LLC · 6 yrs held
Dirito S Restaurant LLC
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
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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