34
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$1,000,000
Est. payment /mo
2 Baths
2,250 SqFt
Price Dropped by $450K
626 Rood Avenue Grand Junction, CO 81501
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Key Details
Property Type Commercial
Sub Type Restaurant
Listing Status Active
Purchase Type For Sale
Square Footage 2,250 sqft
Price per Sqft $444
MLS Listing ID 810527
Half Baths 2
Year Built 1906
Annual Tax Amount $9,105
Tax Year 2023
Lot Size 6,098 Sqft
Acres 0.14
Property Sub-Type Restaurant
Property Description
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 51x125 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.
Location
State CO
County Mesa
Interior
Heating Forced Air
Cooling Central A/C
Flooring Carpet, Other
Furnishings Unfurnished
Exterior
Parking Features On Street
Garage Spaces 5.0
Utilities Available Electric, Internet, Natural Gas
Roof Type Membrane,Other
Building
Story 1
Sewer Public Sewer Installed
Water Public
New Construction No
Listed by Real Colorado Properties
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