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2718 Patterson Rd 6,356 SF 100% Leased Office Building Grand Junction, CO 81506 $1,375,803 CAD ($216.46 CAD/SF) 6.71% Cap Rate
Executive Summary
Commercial Office (Modular at 1440 SF) PLUS 4plex (3520 SF) located on Patterson Road with GREAT potential development opportunity. Located nearby the busy corner of 12th and Patterson - across the street from 12th St City Market, the frontage site on Patterson could be a great commercial Pad Site. All the while, the property is a strong investment opportunity with good income in place. The property sits on nearly an Acre (0.89 Acres), is zoned MU-1 (many commercial & multi-family uses allowed), located in the Commercial Comp Plan (Future Land Use), and located directly off of Patterson Rd with very high traffic counts.
Property Facts
Sale Type
Investment or Owner User
Property Type
Office
Property Subtype
Office/Residential
Building Size
6,356 SF
Building Class
C
Year Built
1977
Price
$1,375,803 CAD
Price Per SF
$216.46 CAD
Cap Rate
6.71%
NOI
$92,361 CAD
Percent Leased
100%
Building Height
2 Stories
Typical Floor Size
3,178 SF
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Fairly walkable
50/100
Very drivable
80/100
Limited public transit
30/100
Fairly bikeable
40/100
Property Taxes
| Parcel Number | 2945-013-00-014 | Improvements Assessment | $62,017 CAD |
| Land Assessment | $98,130 CAD | Total Assessment | $160,148 CAD |
Property Taxes
Parcel Number
2945-013-00-014
Land Assessment
$98,130 CAD
Improvements Assessment
$62,017 CAD
Total Assessment
$160,148 CAD
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2718 Patterson Rd
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