321 Rood Avenue
Grand Junction, CO 81501

$1,300,000

Description

Great downtown office investment that produces strong cash flow. Anchor tenant that occupies over 40% of the space will sign a long-term lease prior to closing. Currently 8 other tenants w/ various lease terms, including 1,000 SF of unfinished office space that could be leased out. Units lease out quickly when vacancies arrive. Recently remodeled and includes full solar that was installed in 2013 and has value of over $350,000. Parking available on the side and in the back of the building. 10% cap rate at current performance

Details

MLS#20190362
Sub-TypeResale
StatusPending - Show
Days On Site113

Features

SQ Feet46,770
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:
$249,500
100% of Average
SqFt:
46,770
low | high
Med:
1,348
100% of Average
$ / SqFt:
$28
low | high
Med:
$185
100% of Average
On Site:
113
low | high
Med:
317
35.646687697161% of Average
Listing Updated: 05/20/2019
MLS Number: 20190362
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.