402 Royal Gorge Blvd Canon City, CO 81212-3747
This exceptional 2,322-square-foot restaurant space, located at 402 Royal Gorge Blvd in Canon City, Colorado, presents a unique investment opportunity. Priced at $595,000 ($256.24/sq ft), this vacant Class B retail property boasts a prime corner lot (0.28 acres) directly off Highway 50, ensuring high visibility and accessibility. Built in 1958, the building has been remodeled and offers ample off-street parking, multiple access points, and benefits from the high traffic volume of approximately 20,000 vehicles daily on Royal Gorge Blvd. Its strategic location near lodging, the Arkansas River and River Walk, downtown Canon City, and recreational attractions, coupled with its proximity to bustling businesses and an EV charging station across the street, makes it ideal for a variety of retail and food and beverage concepts. The property's APN is 3821324101004. This is a single-unit building with excellent potential for a thriving business in a vibrant tourist area. The property is currently vacant and ready for immediate occupancy. This is a seller-owned property.
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
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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.