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Commercial Building- Prime Location 2079 Sherman Ave 3,536 SF 50% Leased Office Building Monte Vista, CO 81144 $448,890 CAD ($126.95 CAD/SF) 6.33% Cap Rate



Executive Summary
Discover an exceptional 3/4-acre property in the heart of Monte Vista’s bustling, high-traffic corridor near the fairgrounds. This versatile gem offers strong potential for investors, businesses, or developers. Half of the modern building is securely leased to a state tenant with a robust 5-year lease, featuring built-in annual rent escalations for steady, growing income. With its prominent location and substantial lot size, this property is ideal for a premium office space, vibrant retail hub, or a visionary redevelopment project. Capitalize on the area’s strong visibility, heavy foot and vehicle traffic, and proximity to the fairgrounds to elevate your business or investment portfolio. Don’t miss this rare chance to own a high-potential property in a prime location poised for growth!
Property Facts
Sale Type
Investment
Property Type
Office
Building Size
3,536 SF
Building Class
C
Year Built
1975
Price
$448,890 CAD
Price Per SF
$126.95 CAD
Cap Rate
6.33%
NOI
$28,415 CAD
Percent Leased
50%
Tenancy
Multiple
Building Height
1 Story
Typical Floor Size
3,536 SF
Building FAR
0.11
Lot Size
0.74 AC
Opportunity Zone
Yes
Zoning
Commercial
Somewhat walkable
30/100
Exceptionally drivable
100/100
Somewhat bikeable
30/100
Property Taxes
| Parcel Number | 3532305005 | Improvements Assessment | $31,823 CAD |
| Land Assessment | $0 CAD | Total Assessment | $31,823 CAD |
Property Taxes
Parcel Number
3532305005
Land Assessment
$0 CAD
Improvements Assessment
$31,823 CAD
Total Assessment
$31,823 CAD
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Commercial Building- Prime Location | 2079 Sherman Ave
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