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2851 1/2 North Ave
Grand Junction, CO 81501
Retail Property For Sale
Investment Highlights
- Location. parking spaces, tenants performance
Executive Summary
Excellent commercial investment opportunity with maximum location exposure. 30k cars per day. Hard corner location with stop lights. Great egress from north avenue or 28 1/2 rd. Sellers have kept the property in good condition as well as the parking surface. This North ave strip center is ready for it's new owner, investor or end user. Priced under 140.00 per sq. ft..7 units total, all units are separately metered utilities, and two units with roll up rear doors. Great signage on the road front. FULLY LEASED...!!!!
Property Facts Under Contract
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Building Size
18,400 SF
Building Class
C
Year Built
1977
Price
$2,721,020 CAD
Price Per SF
$147.88 CAD
Cap Rate
8.04%
NOI
$218,899 CAD
Percent Leased
78%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.34
Lot Size
1.26 AC
Opportunity Zone
Yes
Zoning
C-1 - Commercial
Parking
60 Spaces (3.26 Spaces per 1,000 SF Leased)
Frontage
268’ on North Avenue
Amenities
- 24 Hour Access
- Bus Line
- Corner Lot
- Dedicated Turn Lane
- Signage
- Tenant Controlled HVAC
- Wheelchair Accessible
- Recessed Lighting
- Monument Signage
- Air Conditioning
Property Taxes
| Parcel Number | 2943-181-01-017 | Improvements Assessment | $95,848 CAD |
| Land Assessment | $60,379 CAD | Total Assessment | $156,227 CAD |
Property Taxes
Parcel Number
2943-181-01-017
Land Assessment
$60,379 CAD
Improvements Assessment
$95,848 CAD
Total Assessment
$156,227 CAD
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