Restaurant Building on Double Lot – Downtown Grand Junction, Co

Description

Restaurant Building on Double Lot – Downtown Grand Junction, CORare opportunity to own a downtown Grand Junction restaurant building on a double lot — offering room to expand, add a patio, or develop the adjoining parcel. This iconic property, home to 626 ON ROOD, has been a cornerstone of downtown Grand Junction’s dining scene for nearly 20 years and occupies one of the most sought-after hospitality locations in Western Colorado.Offered at $1,000,000 for the building and land, with the business and FF&E available upon request, this property is ideal for an investor, restaurateur, or developer seeking a prime commercial asset in the Western Slope’s fastest-growing market.Property OverviewAddress: 626 Rood Avenue, Grand Junction, CO 81501Price: $1,000,000 (Building & Real Estate Only)Type: Restaurant / Bar / Hospitality Zoning: MU-3 Mixed Use DistrictBuilding Size: Approx. 2,250± SFLot Size: Double lot with development and expansion potential (approx 51×125 ft or .144 acres)Condition: Exceptional – well maintained and continually updatedSeating: Indoor dining plus side patio ready for expansion and front parklet rented from cityOutdoor Potential: Ample space to create an expanded patio, garden dining area, or second structureParking: On-street and nearby public lotsDelivery: Vacant at closing

Investment HighlightsDouble Lot in Prime Downtown Location: Rare opportunity to expand or develop adjacent parcel for outdoor dining or future mixed-use structureProven Hospitality Site: Home to the award-winning 626 ON ROOD, a cornerstone of Grand Junction’s food and wine scene for nearly 20 years Turnkey Restaurant Infrastructure: Fully equipped kitchen and bar (FF&E available separately)Zoned MU-3: Allowing a variety of commercial uses including restaurant, brewery, tasting room, event venue, or retailHigh Visibility & Foot Traffic: Steps from Main Street, theaters, galleries, and boutique shopsTourism-Driven Market: Located in Downtown Grand Junction and Minutes from Colorado National Monument, Grand Mesa, and the Grand Valley wine country
Downtown Redevelopment Momentum: Growing demand for mixed-use and experiential hospitalityFinancial OverviewPrice: $1,000,000Business & FF&E: Available upon requestAnnual Property Tax: Approx. $9,105.81Cap Rate: 6.3%; buyer to verify based on intended use or lease termsNOI: $63,060Lease Demand: Strong for downtown restaurant/bar spaces with outdoor areasDowntown Grand Junction Area OverviewDowntown Grand Junction is the cultural and economic heart of Colorado’s Western Slope, anchored by a vibrant mix of restaurants, boutique retailers, and year-round events.The district is home to Art on the Corner, one of the largest outdoor art installations in the country, and draws heavy foot traffic from locals, visitors, and students from nearby Colorado Mesa University.The area’s continued investment in walkability, tourism, and local business support makes this property a strategic long-term investment for both owner-operators and real estate investors.Broker ContactUnited Country Real Colorado Properties – Commercial DivisionTanette Smith | Commercial Real Estate Broker970-424-3735 Michael Krieg | Commercial Real Estate Broker970-640-4772 Experts in Restaurant, Bar & Hospitality Real Estate