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Cañon City, CO Commercial Investment Properties for Sale

Explore commercial real estate investment properties for sale in Cañon City, Colorado Market population: 16K. Explore income-producing properties with verified cap rates and...

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📊 Average Cap Rate For Cañon City CO Properties: 5.7%

⭐ Featured

Prime 18-Unit Multifamily Investment in Central City, CO - 5.70% Cap Rate

$5,800,000
Central City Multifamily

Discover a prime multifamily investment opportunity at 101 Gregory St in Central City, Colorado. This 18-unit mid-rise a...

Cap Rate 5.70%
NOI $330,380
Size 13,454 SF

📊 Avg Property Tax Rate For Cañon City CO Properties: 0.5900%

⭐ Featured

New Construction 18-Unit Multifamily Asset in Central City, CO - 5.70% Cap Rate

$5,800,000
Central City Multifamily

Discover a prime multifamily investment opportunity at 101 Gregory St in Central City, Colorado. This 18-unit mid-rise a...

Cap Rate 5.70%
NOI $330,380
Size 13,454 SF

Investor Questions For Cañon City CO

Common questions from investors exploring commercial real estate in Cañon City CO.

What's the overall investment potential of Cañon City, CO? +
Cañon City, CO offers a stable investment market with a median household income of $37,008, a relatively high poverty rate of 18.1%, and a strong health insurance coverage rate of 91.3%, indicating a working-class market with employment stability and access to healthcare. The top industries, including Agriculture and Finance, contribute to the local economy, while the 18.6-minute average commute time and high homeownership rate of 66.2% suggest a solid quality of life. With a diverse population, including White, White Non-Hispanic, and Hispanic communities, Cañon City presents a unique investment opportunity.
How does the local economy impact real estate investment in Cañon City? +
The local economy in Cañon City, driven by top industries such as Agriculture, Wholesale Trade, and Finance, supports a median household income of $37,008 and an employed population of 5,655, contributing to a stable rental market. The poverty rate of 18.1% and health insurance coverage rate of 91.3% also indicate a working-class market with access to employment and healthcare, making it an attractive location for real estate investment. Additionally, the GINI coefficient of 0.442 suggests a relatively balanced income distribution, which can positively impact the local real estate market.
What are the key factors to consider when evaluating rental yields in Cañon City? +
When evaluating rental yields in Cañon City, consider the median property value of $150,700, median property taxes of $3,859, and the average commute time of 18.6 minutes, which can impact rental demand and prices. The top commute methods, including driving alone and carpooling, also suggest a need for convenient and affordable housing options. Furthermore, the foreign-born rate of 2.1% and top ethnicities, including White and Hispanic communities, can influence local housing preferences and rental yields.
How does the quality of life in Cañon City impact its attractiveness to real estate investors? +
The quality of life in Cañon City, characterized by an average commute time of 18.6 minutes, a high health insurance coverage rate of 91.3%, and a relatively low poverty rate of 18.1%, makes it an attractive location for real estate investors. The top commute methods, including driving alone and working from home, also suggest a flexible and convenient lifestyle, which can positively impact property values and rental yields. Additionally, the median age of 41.8 and high school graduation rate of 85.2% indicate a stable and educated population, contributing to a desirable quality of life.
What role does ethnic diversity play in shaping the real estate market in Cañon City? +
The ethnic diversity in Cañon City, with a mix of White, White Non-Hispanic, and Hispanic communities, can influence local housing preferences and demand. The foreign-born rate of 2.1% and top industries, including Agriculture and Finance, also suggest a diverse and growing economy, which can drive real estate investment and development. Furthermore, the median household income of $37,008 and poverty rate of 18.1% indicate a working-class market with employment stability, making it an attractive location for real estate investors seeking diverse and resilient investment opportunities.

Cañon City CO Real Estate & City Facts

Key facts and real estate information about Cañon City CO.

What are some of the best neighborhoods to live in Cañon City? +
Some of the best neighborhoods to live in Cañon City include the central parts of the city, which tend to be more desired, and the south regions, which offer more affordable homes. Neighborhoods like 9th to Elm are known for being peaceful and family-friendly, with beautiful trees and walkability.
What are some fun things to do in Cañon City? +
Cañon City offers a range of activities, including whitewater rafting, visiting the Royal Gorge Bridge and Park, and exploring the Tunnel Drive Trail Head. You can also visit the Museum of Colorado Prisons, go on a jeep tour, or take a scenic drive on Skyline Drive.
What is the food scene like in Cañon City? +
The food scene in Cañon City is diverse and welcoming, with a range of restaurants and bars to choose from. Some popular options include Whitewater Bar & Grill, 8 Mile Bar & Grill, and Pizza Madness. You can also find scenic restaurants with stunning mountain views, like Whitewater Rooftop Social.
What are the pros and cons of living in Cañon City? +
Cañon City has a range of pros, including its beautiful natural scenery, outdoor recreation opportunities, and a welcoming community. However, some cons include the city's relatively small size and limited job opportunities. Additionally, the city can be quite touristy, especially during peak season.
Is Cañon City a good place to live? +
Overall, Cañon City can be a great place to live for those who value outdoor recreation, a strong sense of community, and a more relaxed pace of life. While it may not be the best fit for everyone, the city's unique blend of natural beauty and small-town charm makes it an attractive option for many people.

📊 Average Income For Cañon City CO Commercial Property: $37,008

⭐ Featured

New Construction 18-Unit Multifamily Asset in Central City, CO - 5.70% Cap Rate

$5,800,000
Central City Multifamily

Discover a compelling investment in Central City, Colorado, with this newly constructed 18-unit multifamily property at...

Cap Rate 5.70%
NOI $330,380
Size 13,454 SF
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