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315 E 1st St 4,608 SF Retail Building Parachute, CO 81635 $1,137,403 CAD ($246.83 CAD/SF)
Investment Highlights
- Two adjacent parcels totaling ±0.62 acres in the Old Town Center (OTC) Zone District , designed for retail, restaurant, and entertainment uses.
- Located along 1st Street , just steps from NAPA Auto Parts, Family Dollar, and McDonald’s , ensuring steady daily traffic.
- Excellent frontage and accessibility with extensive on-site parking —a rare find in the downtown district—and potential for building expansion.
Executive Summary
Positioned at the gateway to Colorado's Western Slope, this property offers a blend of small-town accessibility, outdoor recreation proximity, and downtown momentum few locations can match. All the heavy lifting with the Town has already been completed--making this a ready-to-operate, low-friction acquisition for owner-users or investors seeking a stable asset in a federally supported revitalization zone. (see Documents) High-visibility retail building in Parachute's Old Town Center district with ±0.62 acres and frontage to I-70 (22k VPD). Original 1955 build with 1997 expansion; $400K+ in remodels (2015-2025). West wing & former restaurant both updated to modern codes--new restrooms, plumbing, encapsulation, landscaping, and approvals completed. Zoned OTC for retail/restaurant use near NAPA, Dollar Store & McDonald's. Ample parking, possible expansion, 45 min to Grand Junction. Positioned within federally funded downtown revitalization zone.
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Building Size
4,608 SF
Building Class
C
Year Built/Renovated
1955/2025
Price
$1,137,403 CAD
Price Per SF
$246.83 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.17
Lot Size
0.62 AC
Zoning
OTC - OTC – Old Town Center Zone District. This district encompasses the historic downtown mixed use area north of I-70.
Somewhat walkable
20/100
Exceptionally drivable
90/100
Limited public transit
30/100
Somewhat bikeable
20/100
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315 E 1st St
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