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    111 N 22nd Court

    Grand Junction, CO 81501
    • $625,000
    • STATUS: Active
    • ON SITE: 21 days
    • MLS #: 20205520
    UPDATED: 71 min ago
    $625,000
    • 0
      BEDS
    • N/A
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    Type:
    Commercial
    County:

    School Ratings & Info

    Description

    Great commercial investment opportunity with existing cash flow and great upside to receive a 11%-12% Cap Rate return. Property located on a corner lot with visibility off of I-70 B, and is divided into four (4) separate units (1,562 SF each) for a total of 6,250 SF with four (4) OH doors. Currently there is one tenant occupying 3 units, and one tenant occupying 1 unit, which currently operates at 6.6% Cap Rate. Rents are below market, and if brought up to fair market rate, property is expected to pro-forma at a 12.44%

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    © 2020 Grand Junction MLS. All Rights Reserved. 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. Information is deemed reliable but is not guaranteed accurate by the MLS or Western Slope Real Estate. 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. Information is deemed reliable but is not guaranteed accurate by the MLS or Western Slope Real Estate. Data last updated 2020-11-25T19:16:47.19 UTC.

    www.lovewhereyouliveco.com/homes/111585026
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    111 N 22nd Court Grand Junction, CO 81501

    • Price: $625,000
    • Status: Active
    • Updated: 71 min ago
    • MLS #: 20205520
    0
    Beds
    0
    Baths
    0
    ½ Baths
    N/A
    Acres
    Neighborhood:
    Grand Junction City
    County:
    Mesa
    Area:
    Grand Junction City
    Property Description
    Great commercial investment opportunity with existing cash flow and great upside to receive a 11%-12% Cap Rate return. Property located on a corner lot with visibility off of I-70 B, and is divided into four (4) separate units (1,562 SF each) for a total of 6,250 SF with four (4) OH doors. Currently there is one tenant occupying 3 units, and one tenant occupying 1 unit, which currently operates at 6.6% Cap Rate. Rents are below market, and if brought up to fair market rate, property is expected to pro-forma at a 12.44%
    Exterior Features

    Lot Features OtherSee Remarks Lot Size Dimensions 100 X 115

    Property Features

    Possible Use OfficeRetailServiceWarehouse Property Sub Type Commercial Tax Annual Amount 5027 Zoning Description C-2

    Listing courtesy of Kyle Serrano of Bray/Commercial.
    © 2020 Grand Junction MLS. All Rights Reserved. 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. Information is deemed reliable but is not guaranteed accurate by the MLS or Western Slope Real Estate. 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. Information is deemed reliable but is not guaranteed accurate by the MLS or Western Slope Real Estate. Data last updated 2020-11-25T19:16:47.19 UTC.

     
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    Western Slope Real Estate
    1338 Grand Ave, Suite 313
    Glenwood Springs CO, 81601