120 N Railroad Ave - Office FOR SALE


Parachute, CO 81635
$700,000 USD
970-242-3647
120 N Railroad Ave, Parachute, CO for Sale
$700,000 USD
Office - FOR SALE
1/9
null | 7.09% Cap Rate

120 N Railroad Ave
Parachute, CO 81635


OVERVIEW

Downtown Parachute investment property , Nearly 7% cap rate. Two-story commercial building in the heart of downtown Parachute. Post Office is primary tenant on main floor. Solid rental income. The main floor is divided between two tenants, The Post Office 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.

FOR SALE DETAILS

PRICE

$700,000 USD

PRICE/SF

$62 USD /SF

CAP RATE

7.09%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Office

TOTAL BUILDING SIZE

-

STORIES

2

BUILDING CLASS

B

YEAR BUILT

1982

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.29 AC

LAND SF

12,632 SF

ZONING

-

APN/PARCEL ID

R480038

ASK ABOUT THIS PROPERTY

Merrite WyattBray Real EstateMore Info
970-242-3647

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Merrite WyattBray Real EstateMore Info
970-242-3647

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.