Ellie Ellis - Coldwell Banker Distinctive Properties
321 Rood Avenue
Grand Junction, CO 81501

$1,300,000

Description

Great value- add income property located in desirable downtown Grand Junction. Currently has 8 tenants with various lengths of terms. Majority of tenants have been at current location for a number of years. Huge Potential for increased income with an approximate 2000+ sqft of unfinished space that could be easily built out and leased. Large amounts of capital have been put into building improvements including solar panels that create additional income. NOI at $110,000, priced at 8.5% Cap.

Details

MLS#20181098
Sub-TypeResale
StatusActive
Days On Site172

Features

SQ Feet13,770
Story(s)0
ZoningB-2

Market Activity 81501

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Area Information

StateCO
CityGrand Junction
Zip Code81501
AreaGrand Junction City
Listing VS Median (in 81501)
Price:
$1,300,000
low | high
Med:
$204,000
100% of Average
SqFt:
13,770
low | high
Med:
1,176
100% of Average
$ / SqFt:
$94
low | high
Med:
$178
38.789515716224% of Average
On Site:
172
low | high
Med:
35.5
100% of Average
Listing Updated: 08/18/2018
MLS Number: 20181098
Listing Provided By:
KYLE SERRANO  of  BRAY COMMERCIAL

MLS Internet Data Exchange (IDX) information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that the data is deemed reliable but is not guaranteed accurate by the Grand Junction Area REALTOR Association MLS.