332 Main St Cortez, CO 81321-3238
- Bars
- 1,358 SF
- 0.15 lot acres
Current Use by Public Records
- Hong Kong Chinese restaurant / Chinese Restaurant
- La Casita de Cortez / Restaurant / Mexican Restaurant
- Hong Kong / Chinese Restaurant / Asian Restaurant
Property Details for 332 Main St
- Year built
- 1925
- Lot size
- 0.15 lot acres
- Property size
- 1,358 SF
- Zone code
- CBD
- Property type
- Bars
- Property subtype
- Pubs
- APN
- 561126125008
- APU
- 561126125008
Description
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.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $260,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $330,000
- 6.5%
- $350,000
- 7%
- $290,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $290,000
- Geo Method
- $360,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $365,000
- Retail
- $290,000
- Mixed-Use
- $360,000
- Hospitality
- $315,000
- Educational
- $365,000
- Residential Income
- $270,000
- Energy
- $320,000
- Income-Based Land
- $310,000
- Food Service
- $270,000
Location Insight
- Map
- Local Demand
- City
- Cortez
- County
- Montezuma
- State
- Colorado
- Longitude
- -108.58
- Latitude
- 37.349