Restaurant Building on Double Lot – Downtown Grand Junction, CO

Restaurant Building on Double Lot – Downtown Grand Junction, CO

Rare 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 Overview

Address: 626 Rood Avenue, Grand Junction, CO 81501

Price: $1,000,000 (Building & Real Estate Only)

Type: Restaurant / Bar / Hospitality 

Zoning: MU-3 Mixed Use District

Building Size: Approx. 2,250± SF

Lot Size: Double lot with development and expansion potential (approx 51×125 ft or .144 acres)

Condition: Exceptional – well maintained and continually updated

Seating: Indoor dining plus side patio ready for expansion and front parklet rented from city

Outdoor Potential: Ample space to create an expanded patio, garden dining area, or second structure

Parking: On-street and nearby public lots

Delivery: Vacant at closing

Investment Highlights

Double Lot in Prime Downtown Location: Rare opportunity to expand or develop adjacent parcel for outdoor dining or future mixed-use structure

Proven 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 retail

High Visibility & Foot Traffic: Steps from Main Street, theaters, galleries, and boutique shops

Tourism-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 hospitality

Financial Overview

Price: $1,000,000

Business & FF&E: Available upon request

Annual Property Tax: Approx. $9,105.81

Cap Rate: 6.3%; buyer to verify based on intended use or lease terms

NOI: $63,060

Lease Demand: Strong for downtown restaurant/bar spaces with outdoor areas

Downtown Grand Junction Area Overview

Downtown 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 Contact

United Country Real Colorado Properties – Commercial Division

Tanette Smith | Commercial Real Estate Broker
970-424-3735 

Michael Krieg | Commercial Real Estate Broker
970-640-4772

Experts in Restaurant, Bar & Hospitality Real Estate