332 Main St Cortez, CO 81321-3238
This exceptional turnkey restaurant opportunity in Cortez, Colorado, presents a rare chance to own a thriving business. Located at 332 & 336 E Main Street, this property boasts a prime location on a bustling street, attracting both local residents and tourists visiting nearby attractions like Mesa Verde National Park and the Four Corners Monument. The restaurant, known as La Casita De Cortez, is fully equipped with a brand-new range hood, refrigerators, warming tables, and all necessary kitchen equipment, ensuring immediate operational readiness. All furnishings, including tables, chairs, and decor, are included, contributing to the inviting atmosphere. The property encompasses two commercial city lots, providing ample parking and potential for future expansion. A significant advantage is the inclusion of a transferable liquor license, allowing for a full-service dining and beverage experience. Furthermore, the property features an attractive outdoor patio, ideal for al fresco dining, special events, or simply enjoying the pleasant Colorado weather. With its high visibility, established clientele, and complete operational setup, this restaurant presents a compelling investment for both seasoned restaurateurs and aspiring entrepreneurs seeking a ready-to-go business in a desirable location. The property includes 1,358 square feet on a 0.3-acre lot. The asking price is $499,000.
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Hong Kong Chinese restaurant Restaurant
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La Casita de Cortez Restaurant
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Hong Kong Restaurant
CBD Central Business District C General Commercial District NB Neighborhood Business District I Industrial O Open District PUD Planned Unit Development Section 3.03 Residential Zone Districts Cortez Land Use Code Update Chapter 3 | Page 3-3 Cortez Land Use Code thereof. Where uncertainty exists as to the boundaries of districts as shown on the Official Zonin…
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
CBD · Cortez, COCBD Central Business District C General Commercial District NB Neighborhood Business District I Industrial O Open District PUD Planned Unit Development Section 3.03 Residential Zone Districts Cortez Land Use Code Update Chapter 3 | Page 3-3 Cortez Land Use Code thereof. Where uncertainty exists as to the boundaries of districts as shown on the Official Zoning Maps, the following rules shall apply: 1. Boundaries indicated, as approximately following streets, highways or alleys shall be construed to follow the centerline of such street, highway or alley. 2. Boundaries indicated, as approximately following platted lot lines shall be construed as following such lines. 3. Boundaries indicated, as approximately following City limits shall be construed as following City limits. 4. Boundaries indicated as approximately following the centerline of irrigation ditches or drainage ways shall be construed to follow such centerline. 5. Boundaries indicated as parallel to or extensions of features indicated in this Subsection shall be so construed. Distances not specifically indicated on the original zoning map shall be determined from the graphic scale on the map. 6. Whenever any street, alley, or other public way is vacated by official action of the City Council, the zoning district line adjoining each side of such street, alley or other public way shall be automatically extended to the centerline of such vacated street, alley or way, and all area so involved shall then and henceforth be subject to all regulations of the extended districts. 3.02.3 Zoning of Annexed Territory. A. All territory hereafter annexed to the City shall apply for the appropriate Zone District at the time of annexation per the procedure established by this Code for Zoning Amendments. B. All City approvals, such as a site development plan or building permit, must be obtained before construction. 3.03 Residential Zone Districts 3.03.1 Purpose. A. Residential Zone Districts. In order to secure for the persons who reside there a comfortable, healthy, safe, walkable and pleasant environment in which to live, sheltered from incompatible and disruptive activities and to encourage a diversity of housing options, the following residential districts are established. B. Zone Districts 1. Residential Estate District (RE) - Legacy Zone District 2. Residential Single-Family District (R-1) 3. Residential Multi-Family District (R-2)
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.
