This feature is unavailable at the moment.

We apologize, but the feature you are trying to access is currently unavailable. We are aware of this issue and our team is working hard to resolve the matter.

Please check back in a few minutes. We apologize for the inconvenience.

- LoopNet Team

You must register your contact information to view secure information on this listing.
You must register your contact information to view secure information on this listing.

Share This Listing

Please enter a valid email address.

Note: To send this property to multiple individuals, insert a semi-colon between each recipient's email address.

LoopNet has taken a strong stance against the practice of sending unsolicited commercial emails, also known as "spam." Please send these emails only to people you know who would be interested in this property. If someone asks you not to send these emails to them, please comply.

thank you

Your email has been sent!

1520 Royal Gorge Blvd
Canon City, CO 81212

Retail Property For Sale

INVESTMENT HIGHLIGHTS

  • NNN lease - PROFORMA 7.5% CAP...
  • Long standing tenant with value-add potential by adding tenant in unit 3.
  • Heavy foot traffic and off major roadways

EXECUTIVE SUMMARY

Retail Strip Center – Investment Opportunity with Long-Term Tenants...This three-unit retail strip center presents an exceptional investment opportunity, featuring two well-established tenants and one vacant unit, offering additional income potential. Anchored by a popular Bar & Grill (Canon City Mugs Bar & Grill) and a thriving Coffee Shop (Canon CityCoffee), this property combines stability with growth opportunities in a high-traffic location. Property Highlights: * TotalLease Space: 6,034 sq. ft., offering flexible leasing opportunities for the vacant unit. * Long-Term Tenants: Two tenants have occupied their spaces for over 10 years, ensuring consistent income and proven business success. * Vacancy Upside:One vacant unit provides the chance to increase NOI and enhance the property’s value. * Triple Net (NNN) Leases: Current tenants are under NNN lease agreements, minimizing landlord responsibilities. * Modern Construction: Built in 2000 and meticulously maintained, the property reflects high-quality construction and ongoing care. * Ample Customer Parking: spacious parking lot accommodates tenants’ customers and supports business growth. * Attractive Cap Rate: When fully leased, the property operates at an impressive 7.5% cap rate, making it a sound investment. Positioned in a prime location with strong visibility and consistent foot traffic, this property offers a balanced blend of stable income and growth potential. Ideal for seasoned investors or first-time commercial property buyers, this opportunity is too good to pass up. Contact us today for financials, lease details, and to schedule a private tour.

PROPERTY FACTS

Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Restaurant
Building Size
6,975 SF
Building Class
C
Year Built
2001
Price
$1,440,000
Price Per SF
$206
Cap Rate
4.50%
NOI
$64,837
Tenancy
Single
Building Height
1 Story
Building FAR
0.35
Lot Size
0.46 AC
Zoning
C - General Commercial
Parking
22 Spaces (3.6 Spaces per 1,000 SF Leased)
Frontage
47’ on Royal Gorge Blvd

AMENITIES

  • Restaurant
  • Signage
  • Signalized Intersection
  • Air Conditioning

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
000099920080
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$311,218
  • Listing ID: 34863187

  • Date on Market: 2/18/2025

  • Last Updated:

  • Address: 1520 Royal Gorge Blvd, Canon City, CO 81212

Please Share Your Feedback

We welcome any feedback on how we can improve LoopNet to better serve your needs.
X
{{ getErrorText(feedbackForm.starRating, 'rating') }}
255 character limit ({{ remainingChars() }} characters remainingover)
{{ getErrorText(feedbackForm.msg, 'rating') }}
{{ getErrorText(feedbackForm.fname, 'first name') }}
{{ getErrorText(feedbackForm.lname, 'last name') }}
{{ getErrorText(feedbackForm.phone, 'phone number') }}
{{ getErrorText(feedbackForm.phonex, 'phone extension') }}
{{ getErrorText(feedbackForm.email, 'email address') }}