111 N 22nd Court,  Grand Junction CO, 81501

Status: Active
MLS#: 20205520
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Last Updated: 11/24/2020 8:50 AM
Description for 111 N 22nd Court Grand Junction, CO 81501
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
$625,000
MESA
20205520
Active
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%
Listing Information
Property Type: Other
Assessor Office,Retail,Service,Warehouse
Neighborhood
Room Information
Exterior / Lot Features
0 Covered Parking Spaces,
100 x 115
C-2
Other,SeeRemarks
Driving Directions
Heading west on I-70B, turn north onto E Main St. and head west. Turn right on N. 22nd Ct, property is on your left.
Financial Considerations
$5,027
Listing Price History

Grand Junction Real Estate

Grand Junction is located in Colorado. Grand Junction, Colorado 81501 has a population of 64,342.

The median household income in Grand Junction, Colorado 81501 is $31,353. The median household income for the surrounding county is $44,576 compared to the national median of $50,013. The median age of people living in Grand Junction 81501 is 39 years.

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This content last refreshed on 11/24/2020 8:50 AM. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.
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