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    FOR SALE
    Commercial real estate

    381 Colorado Dr, Bayfield, CO 81122

    3,600 SF 0.07 ac lot Built 1983
    Individually Owned 20-yr Hold ~ Est. High Equity
    Property ID
    US13-1562094
    Property summary
    AI-generated overview

    This thriving pizza business, AJ's, presents a fantastic opportunity for aspiring entrepreneurs. Located in the heart of Bayfield, Colorado, at 381 E Colorado Drive, Unit 3, this well-known eatery enjoys a prime spot between a grocery store and Subway, ensuring consistent foot traffic and visibility. The 772 square foot space is currently operating under a transferable lease (real estate not included). The sale includes all necessary inventory, trade fixtures, and recipes, providing a seamless transition for the new owner. To further ease the transition, the current owners are offering post-closing training, eliminating the uncertainty often associated with acquiring an existing business. This turnkey operation is ready for immediate success, offering the chance to continue the established AJ's brand or launch a new venture within the same high-demand location. The asking price for this exceptional business opportunity is $69,000. This includes everything needed to begin operations immediately, making it an attractive proposition for those seeking a proven business model in a vibrant community. The business is situated on a 0-acre lot. Don't miss this chance to own a piece of Bayfield's culinary scene.

    Property profile
    Verified
    Property type Commercial real estate
    Use group COMMERCIAL (GENERAL)
    Year built 1983
    Total area 3,600 SF
    Lot 0.07 ac (3,049 SF)
    APN 5677-122-00-060
    UPID US13-1562094
    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
    by Request
    Comparable Approach Comparable
    $481k
    Blend (final) Blend
    $560k
    Owner & transaction history
    Peyton P Peeples III · 20 yrs held
    Peyton P Peeples III
    since 2005
    7 recorded transactions
    2017
    2005
    $295,000
    2005
    2005
    $280,000
    2005
    2005
    $230,000
    1969
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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    “Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
    More about this property
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