1520 Royal Gorge BLVD Active Save Request In-Person Tour Request Virtual Tour
Canon City,CO 81212
Key Details
Property Type Commercial
Sub Type Retail
Listing Status Active
Purchase Type For Sale
MLS Listing ID 8044859
Year Built 2000
Annual Tax Amount $26,610
Tax Year 2023
Lot Size 0.460 Acres
Property Description
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 City Coffee), this property combines stability with growth opportunities in a high-traffic location.
Property Highlights:
* Total Lease 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: A 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.
Location
State CO
County Fremont
Zoning Commercial
Building
Sewer Public Sewer
Others
Acceptable Financing Cash,Conventional
Listing Terms Cash,Conventional