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$ 1,485,000
Est. payment | /mo
$ 1,485,000
Est. payment | /mo
Key Details
Property Type Commercial
Sub Type Commercial
Listing Status Active
Purchase Type For Sale
MLS Listing ID 20263448
Annual Tax Amount $12,016
Lot Dimensions 194x159
Property Sub-Type Commercial
Property Description
Excellent investment opportunity to purchase a 9,000 SF multi-tenant commercial property situated on 0.60 acres with C-2 zoning, allowing for a wide variety of commercial and light industrial uses. Located along the I-70B frontage road, the property offers excellent visibility from I-70B, ample paved parking, and convenient access to 29 Road and North Avenue. Constructed of durable masonry in 1976, the property consists of five offices, flex, and shop units with 10' overhead doors, providing the flexibility to occupy available space while benefiting from income generated by existing tenants. One space is currently vacant: a 2,800 SF office suite (Unit #1A) offered for lease at $12.45/SF/Year+NNN, while the remaining units are occupied by NNN tenants. Based on full occupancy, the property offers a pro forma Net Operating Income (NOI) of $105,018 and projected 7% cap rate, presenting an attractive value-add opportunity for both owner-users and investors.
Location
State CO
County Mesa
Area Ne Grand Junction
Direction From North and I-70 Business, West on I-70B Frontage Road, site on right just beyond 29 3/8 Road.
Building
Lot Description Irregular Lot
Listed by BRAY/COMMERCIAL
NEARBY SCHOOL & BUSINESS
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Juli Jacobson
Broker Associate | License ID: FA100047004