Remarks

Investment Opportunity: 6,200 SF Retail Center in Historic Downtown Grand Junction, CO – $1,395,000 5.6% cap rate Well-sought-after investment property. This is a prime investment income property located in the charming and historic downtown Grand Junction, Colorado. This well-maintained, single-story 6,200 sq. ft. retail center features 6 units, with 4 established tenants that generate a steady annual net income of $74,000 with current rents. (NOI) 5.6% cap rate. Situated in a vibrant, high-traffic area, this property benefits from a strong local economy and a thriving community atmosphere, making it an attractive destination for both residents and visitors. The low operating expenses contribute to its appeal as an easy and comfortable investment opportunity, offering a solid return with minimal management. With a competitive asking price of $1,395,000, this retail center represents a rare chance to secure a stable, income-producing asset in one of Colorado’s most desirable downtown districts.

Details

MLS#: 20245566
Price: $1,395,000

Style: Commercial

County: Mesa
Lot Size: 50 x 125
Tax Fee: 7627