Canon City, CO 81212,1520 Royal Gorge BLVD
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Canon City, CO 81212,1520 Royal Gorge BLVD
Canon City, CO 81212,1520 Royal Gorge BLVD
Canon City, CO 81212,1520 Royal Gorge BLVD
Canon City, CO 81212,1520 Royal Gorge BLVD
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$ 1,440,000
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1520 Royal Gorge BLVD Canon City, CO 81212

0.46 Acres Lot


UPDATED:

12/17/2024 11:40 PM

Key Details

Property Type Commercial

Sub Type Retail

Listing Status Active

Purchase Type For Sale

MLS Listing ID 8044859

HOA Y/N No

Originating Board recolorado

Year Built 2000

Annual Tax Amount $26,610

Tax Year 2023

Lot Size 0.460 Acres

Acres 0.46

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

Interior

Fireplace N

Exterior

Garage No

Building

Sewer Public Sewer

Others

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional


REColorado (REColorado MLS)
Listed by BlueSpruce Group, LLC • manny@realbluespruce.com,303-526-8399
Laura Karden

Agent | License ID: FA40632585

+1(970) 389-1543 | laura@idealascent.com

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1520 Royal Gorge BLVD