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Canon City,CO 81212
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