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Property profile & analytics
OFF-MARKET Estimated value $550,000
Turn key restaurants

512 Royal Gorge Blvd Canon City, CO 81212-3749

3,048 SF 0.12 ac lot Built 1888
Individually Owned 3-yr Hold ~ Est. High Equity
Property ID
US13-1095303
Property summary
AI-generated overview

This exceptional mixed-use property, located at 512 Royal Gorge Blvd in historic Canon City, Colorado, presents a unique investment opportunity. The 3,049 square foot building, constructed in 1888 and boasting three stories, sits on a lot that includes a paved private parking lot. Currently configured as a German restaurant, the interior has been beautifully remodeled. The property's GC zoning permits a wide range of uses, including restaurants, bars, lounges, professional offices, retail spaces, and medical offices. Its prime location and high traffic area make it ideal for a variety of businesses. Alternatively, the building's character and charm lend themselves to adaptive reuse as a VRBO or Bed & Breakfast. The sale includes all existing business fixtures, offering a turnkey opportunity for a new owner. The asking price is $635,000, translating to $208.27 per square foot. This property offers significant potential for both immediate income generation and long-term appreciation. The zip code is 81212. Don't miss this chance to own a piece of Canon City's rich history and vibrant commercial landscape.

Property profile
Verified
Property type Turn key restaurants
Use group RESTAURANT
Year built 1888
Total area 3,048 SF
Lot 0.12 ac (5,280 SF)
APN 11026230
UPID US13-1095303
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
$550k
Owner & transaction history
Thomas James Martinez · 3 yrs held
Thomas James Martinez
since 2022
Last sale
$550,000
1 recorded transaction
2022
$550,000
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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