$625,000

111 N 22nd Court

Grand Junction CO, 81501

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%

Details

MLS#20205520
Listing TypeFor Sale
Sub-TypeResale
StatusActive
Days On Site29

Features

SQ Feet6,250
ZoningC-2

Market Activity 81501

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Area Information
StateCO
CityGrand Junction
Zip Code81501
AreaGrand Junction City
Listing VS Median (in 81501)
Price:
$625,000
low | high
Med:
$175,000
100% of Average
SqFt:
6,250
low | high
Med:
872
100% of Average
$ / SqFt:
$100
low | high
Med:
$201
50.688073394495% of Average
On Site:
29
low | high
Med:
65
44.615384615385% of Average
Listing Updated: December 2, 2020 8:09:35 PM PST
KYLE SERRANO LogoMLS Number: 20205520
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.