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206 E Aspen Ave 2,420 SF 100% Leased Retail Building Fruita, CO 81521 $875,000 ($361.57/SF) 6.22% Cap Rate
Executive Summary
Situated in the center of the action on Fruita's vibrant Aspen Ave., this property boasts excellent visibility, high foot traffic and easy accessibility in one of the most sought-after areas on the Western slope. Surrounded by an atmosphere that’s full of excitement and opportunity this 2400 sf restaurant space offers indoor/outdoor seating, full sized commercial kitchen, walk-in refrigerator/freezer, coffee bar, chef's kitchen, reception area, two restrooms and a separate storage shed. This well-appointed building presents a rare and compelling investment opportunity for an owner-user seeking long-term stability.
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Storefront Retail/Office
Building Size
2,420 SF
Building Class
B
Year Built
1925
Price
$875,000
Price Per SF
$361.57
Cap Rate
6.22%
NOI
$54,450
Percent Leased
100%
Building Height
1 Story
Building FAR
0.74
Lot Size
0.07 AC
Zoning
DCRD
Walk Score®
Very Walkable (74)
Bike Score®
Very Bikeable (78)
Nearby Major Retailers
Property Taxes
| Parcel Number | 2697-172-23-001 | Improvements Assessment | $87,200 |
| Land Assessment | $19,330 | Total Assessment | $106,530 |
Property Taxes
Parcel Number
2697-172-23-001
Land Assessment
$19,330
Improvements Assessment
$87,200
Total Assessment
$106,530
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206 E Aspen Ave
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