Address
111 N 22nd Court Grand Junction, CO
Price
$ 625,000
Property Attributes
  • MLS#20205520
  • TypePending
  • CountyMESA
  • CityGrand Junction
  • AreaGrand Junction City
  • Zip81501
  • StyleCommercial
  • Taxes5027
  • Price$ 625,000
  • Bedrooms0
  • Full Bathrooms0
  • Half Bathrooms0
  • Lot Size11,500 SqFt
Listing Provided Courtesy Of:
BRAY/COMMERCIAL
Data Source:
Grand Junction Area Realtor Association
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%

Price History
11/3/2020 Listed $625,000

General Features

MLS Area Grand Junction City
Possible Use Office, Retail, Service, Warehouse
Property SubType Commercial
Property Type Commercial Sale
Zoning Description C-2

Exterior Features

Lot Dimensions 100 x 115
Lot Features Other, See Remarks
Lot Size Source Assessor

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Master On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Zip Code Average in 81501

Price
AVG $560K
$630K
Taxes
AVG $8,289
$5,027
Visits
AVG 84
75
Walkscore
AVG 46
31
Data Provided by Walkscore ® not using MLS data

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