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    111 N 22nd Court

    Grand Junction, CO 81501
    • $625,000
    • STATUS: Active
    • ON SITE: 121 days
    • MLS #: 20205520
    $625,000
    • 0
      BEDS
    • N/A
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    Grand Junction City
    Type:
    Commercial
    County:
    Mesa
    Area:
    Grand Junction City

    School Ratings & Info

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    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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    © 2021 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 Lifestyle Living 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 Lifestyle Living Real Estate. Data last updated 2021-03-05T00:16:38.763 UTC.

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

    • Price: $625,000
    • Status: Active
    • 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.
    © 2021 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 Lifestyle Living 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 Lifestyle Living Real Estate. Data last updated 2021-03-05T00:16:38.763 UTC.

     
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    Lifestyle Living Real Estate
    750 Main St., Unit 107
    Grand Junction CO, 81501