2940 I-70 Business Loop,Grand Junction, CO 81504
Grand Junction, CO 81504
Description
Excellent investment opportunity to purchase a 9,000 SF multi-tenant commercial property situated on 0.60 acres with C-2 zoning, allowing for a wide variety of commercial and light industrial uses. Located along the I-70B frontage road, the property offers excellent visibility from I-70B, ample paved parking, and convenient access to 29 Road and North Avenue. Constructed of durable masonry in 1976, the property consists of five offices, flex, and shop units with 10' overhead doors, providing the flexibility to occupy available space while benefiting from income generated by existing tenants. One space is currently vacant: a 2,800 SF office suite (Unit #1A) offered for lease at $12.45/SF/Year+NNN, while the remaining units are occupied by NNN tenants. Based on full occupancy, the property offers a pro forma Net Operating Income (NOI) of $105,018 and projected 7% cap rate, presenting an attractive value-add opportunity for both owner-users and investors.
Details
| MLS # | 20263448 |
|---|---|
| Listing Type | For Sale |
| Style | Commercial |
| Sub-Type | Resale |
| Status | Active |
| Days On Site | 84 |
| Listing Provided By | BRAY/COMMERCIAL | BRIAN BRAY |
Features
| Zoning | C-2 |
|---|---|
| Acreage | 0.71 |
Exterior
| Lot Features | Irregular Lot |
|---|
Taxes
| Tax Annual Amount | 12016.85 |
|---|
Area Information
| State | CO |
|---|---|
| County | Mesa |
| City | Grand Junction |
| Zip Code | 81504 |
| Area | NE Grand Junction |
| Listing VS Median (in 81504) | |
Price: $1,485,000 low | high Med: $387,500 On site: 84 low | high Med: 15 | |
Market Activity 81504
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Learn More About This Property
| State | CO |
|---|---|
| County | Mesa |
| City | Grand Junction |
| Zip Code | 81504 |
| Area | NE Grand Junction |
| Listing VS Median (in 81504) | |
Price: $1,485,000 low | high Med: $387,500 On site: 84 low | high Med: 15 | |