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Property profile & analytics
OFF-MARKET
Turn key restaurants

504 Main St Grand Junction, CO 81501-2608

3,915 SF 0.07 ac lot Built 1890
Individually Owned 2-yr Hold Free & Clear
Property ID
US13-1137716
Property summary
AI-generated overview

This exceptional mixed-use property at 504 Main Street, Grand Junction, Colorado, presents a unique investment opportunity. The 3,038 square foot building, constructed in 1890 and renovated in 1985, sits on a 0.99-acre lot and is currently vacant. Its permitted zoning is MU-3, allowing for diverse uses. The building's history as a restaurant is evident in existing features such as a partial mechanical hood and two ADA-compliant bathrooms. The wide-open floor plan offers flexibility for a variety of concepts, from a restaurant or storefront to creative office space. Its prime downtown location on Main Street ensures high visibility and foot traffic, benefiting from the vibrant atmosphere of neighboring retail shops, restaurants, and bars. The property's single story design and existing infrastructure provide a solid foundation for a new business venture. This landmark building offers a chance to capitalize on Grand Junction's growth and create a thriving establishment in a bustling area. The expansive space and adaptable layout make it ideal for entrepreneurs seeking a high-impact location. The property is for sale by owner and presents a blank canvas for your vision. The asking price is $697,000.

Property profile
Verified
Property type Turn key restaurants
Use group RESTAURANT
Year built 1890
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 3,915 SF
Lot 0.07 ac (3,049 SF)
Zoning code B-2
APN 2945-143-17-023
UPID US13-1137716
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
by Request
Blend (final) Blend
by Request
Owner & transaction history
Gregory Joseph Tomburello & Anne El · 2 yrs held
Gregory Joseph Tomburello & Anne El
since 2024
Last sale
$466,500
4 recorded transactions
2024
Price N/A
2021
$466,500
2007
Price N/A
1969
Price N/A
Zoning & alternative use
B-2 · Grand Junction, CO
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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