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119 W 3rd St 2,538 SF 100% Leased Retail Building Rifle, CO 81650 $699,000 ($275.41/SF)



Investment Highlights
- High Traffic area
- Already set up for a restaurant
- Outdoor seating available
Executive Summary
Downtown Rifle commercial restaurant building offering an excellent owner-operator or investment opportunity. Located at 119 W 3rd Street, this property provides a chance to own your space rather than lease, creating long-term stability and equity. Positioned in Rifle's downtown core with strong visibility and walkability, the building is well-suited for continued restaurant or food service use, with flexibility for future repositioning depending on buyer needs and zoning allowances. The surrounding area includes established local businesses and steady community traffic. Limited availability of downtown commercial properties makes this a rare opportunity for a business owner seeking control over occupancy costs or an investor looking for a practical commercial asset in a growing small-town market. Ideal for an owner-user restaurant, café, or similar commercial use. Buyer to verify zoning, permitted uses, and square footage to their satisfaction.
Property Facts
Sale Type
Investment or Owner User
Sale Condition
Build to Suit
Property Type
Retail
Property Subtype
Storefront
Building Size
2,538 SF
Building Class
C
Year Built
1918
Price
$699,000
Price Per SF
$275.41
Percent Leased
100%
Building Height
1 Story
Building FAR
0.73
Lot Size
0.08 AC
Zoning
Commercial - SPEC.PURPOSE-IMPROVEMENTS-2230 (COMMERCIAL PROPERTY
Nearby Major Retailers
Property Taxes
| Parcel Number | R361921 | Improvements Assessment | $40,000 |
| Land Assessment | $17,980 | Total Assessment | $57,980 |
Property Taxes
Parcel Number
R361921
Land Assessment
$17,980
Improvements Assessment
$40,000
Total Assessment
$57,980
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119 W 3rd St
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