402 Main St
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402 Main St
5,960 SF Retail Building Canon City, CO 81212 £336,375 (£56/SF) 6.35% Net Initial Yield
Investment Highlights
- Free city-owned parking adjacent to property
- long-term tenant with great history
- central business district
- EV charging station adjacent to this location
Executive Summary
This commercial building offers a prime opportunity for business owners seeking a premium location in the heart of downtown Canon City. Occupancy date is negotiable, providing flexibility to suit your business needs.
Recently renovated, this building is perfect for establishing your business headquarters. The spacious layout provides ample room for a variety of commercial uses, whether you need a single expansive area or multiple subdivided spaces. The location ensures unmatched visibility and significant foot traffic, making it an ideal choice for any business aiming to thrive in a bustling downtown environment.
With its strategic position in the Central Business District, this property guarantees proximity to key amenities, prominent businesses, and vibrant cultural spots. The high visibility and constant flow of foot traffic will undoubtedly elevate your business profile and attract a steady stream of clients.
Whether you're looking to expand your current operations or establish a new business hub, this downtown Canon City property is your gateway to success. Act now to secure your place in this vibrant and dynamic commercial area, and take advantage of the unparalleled opportunities this prime location offers.
Recently renovated, this building is perfect for establishing your business headquarters. The spacious layout provides ample room for a variety of commercial uses, whether you need a single expansive area or multiple subdivided spaces. The location ensures unmatched visibility and significant foot traffic, making it an ideal choice for any business aiming to thrive in a bustling downtown environment.
With its strategic position in the Central Business District, this property guarantees proximity to key amenities, prominent businesses, and vibrant cultural spots. The high visibility and constant flow of foot traffic will undoubtedly elevate your business profile and attract a steady stream of clients.
Whether you're looking to expand your current operations or establish a new business hub, this downtown Canon City property is your gateway to success. Act now to secure your place in this vibrant and dynamic commercial area, and take advantage of the unparalleled opportunities this prime location offers.
Financial Summary (Pro forma - 2024) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
£31,924
|
£5.36
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
£31,924
|
£5.36
|
| Taxes |
£6,573
|
£1.10
|
| Operating Expenses |
£3,990
|
£0.67
|
| Total Expenses |
£10,563
|
£1.77
|
| Net Operating Income |
£21,361
|
£3.58
|
Financial Summary (Pro forma - 2024)
| Gross Rental Income | |
|---|---|
| Annual | £31,924 |
| Annual Per SF | £5.36 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | £31,924 |
| Annual Per SF | £5.36 |
| Taxes | |
|---|---|
| Annual | £6,573 |
| Annual Per SF | £1.10 |
| Operating Expenses | |
|---|---|
| Annual | £3,990 |
| Annual Per SF | £0.67 |
| Total Expenses | |
|---|---|
| Annual | £10,563 |
| Annual Per SF | £1.77 |
| Net Operating Income | |
|---|---|
| Annual | £21,361 |
| Annual Per SF | £3.58 |
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
5,960 SF
Building Class
C
Year Built/Renovated
1888/2020
Price
£336,375
Price Per SF
£56
Net Initial Yield
6.35%
NOI
£21,361
Tenancy
Single
Number of Floors
2
Building FAR
1.95
Lot Size
0.07 AC
Zoning
Central Business - The CB District is intended to foster the continued economic vitality of Cañon City's historic downtown and to provide and preserve a central setting.
Frontage
Amenities
- Air Conditioning
- Fiber Optic Internet
MAJOR TENANTS
- Tenant
- Industry
- SF OCCUPIED
- RENT/SF
- Lease Type
- Lease End
- Spectrum
- Service type
- 5,960 SF
- £5.36
- Plus All Utilities
- Jun 2025
| Tenant | Industry | SF OCCUPIED | RENT/SF | Lease Type | Lease End | |
| Spectrum | Service type | 5,960 SF | £5.36 | Plus All Utilities | Jun 2025 |
Walk Score ®
Very Walkable (73)
Nearby Major Retailers
PROPERTY TAXES
| Parcel Number | 000011003030 | Total Assessment | £76,968 (2023) |
| Land Assessment | £0 (2023) | Annual Taxes | £6,573 (£1.10/sf) |
| Improvements Assessment | £0 (2023) | Tax Year | 2024 |
PROPERTY TAXES
Parcel Number
000011003030
Land Assessment
£0 (2023)
Improvements Assessment
£0 (2023)
Total Assessment
£76,968 (2023)
Annual Taxes
£6,573 (£1.10/sf)
Tax Year
2024
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402 Main St
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