512 Royal Gorge Blvd Canon City, CO 81212-3749
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.
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
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Property description
Physical attributes from public recordsZoning & alternative use
Costs & Benchmarks
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Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.