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Listed by Bray Real Estate
$ 700,000
Est. payment /mo
Price Dropped by $75K
120 N RAILROAD Avenue Parachute, CO 81635
9,984 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Business
Listing Status Active
Purchase Type For Sale
Square Footage 9,984 sqft
Price per Sqft $70
Subdivision Parachute Park Pud
MLS Listing ID 188389
Year Built 1982
Annual Tax Amount $5,045
Tax Year 2024
Lot Size 0.290 Acres
Acres 0.29
Property Sub-Type Business
Source Aspen Glenwood MLS
Property Description
Downtown Parachute investment property - 6 % + cap rate. Two-story commercial building in the heart of downtown Parachute, fully leased with solid rental income. The main floor is divided between two tenants, one occupying two-thirds of the space and the other utilizing the remaining third, which includes a private bathroom and sink area, The second floor features multiple office suites of varying sizes, shared restrooms, a kitchenette, and a large conference room. This property offers stable tenants and a strong return.
Location
State CO
County Garfield
Community Parachute Park Pud
Area Parachute
Zoning Commercial
Direction Take exit 75 from I-70, take E First St, southwest to N Railroad Ave, turn NE on N Railroad Ave and property is on the corner of N Railroad Ave & E Second St.
Exterior
Roof Type Metal
Building
Lot Description Corner Lot
Foundation Slab
Water Public
Others
Tax ID 240912107014
