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711 S 15th St 12,613 SF 100% Leased Retail Building Grand Junction, CO 81501 $1,950,000 ($154.60/SF) 5% Cap Rate
EXECUTIVE SUMMARY
Prime Investment Opportunity. Fully leased commercial building near Los Colonias Park. This 12.613 square foot commercial property offers an income-generating opportunity. Includes a warehouse with overhead door, fully fenced yard with auto locking gate. One side of the building was fully renovated in 2023. There is a lot of potential for rental income on this property as one side has lease terms that will be up in December and can be renegotiated. Small private office with kitchenette, bathroom and shower up front with own separate entrance. Parking spaces out front are marked and available for employees or customers.
**NOI is based on market value rents, not actual leases in place. Leases to be renegotiated. Leases and financial info are available with an NDA.**
**NOI is based on market value rents, not actual leases in place. Leases to be renegotiated. Leases and financial info are available with an NDA.**
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront
Building Size
12,613 SF
Building Class
C
Year Built
1979
Price
$1,950,000
Price Per SF
$154.60
Cap Rate
5%
NOI
$97,500
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.14
Lot Size
2.02 AC
Opportunity Zone
Yes
Zoning
I-2
Parking
20 Spaces (1.59 Spaces per 1,000 SF Leased)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 2945-242-12-031 | Improvements Assessment | $175,840 |
| Land Assessment | $40,590 | Total Assessment | $216,430 |
PROPERTY TAXES
Parcel Number
2945-242-12-031
Land Assessment
$40,590
Improvements Assessment
$175,840
Total Assessment
$216,430
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711 S 15th St
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