315 E 1st St - Freestanding FOR SALE


Parachute, CO 81635
$825,000 USD
970-331-2332
315 E 1st St, Parachute, CO for Sale
$825,000 USD
Freestanding - FOR SALE
1/20
null | Request Cap Rate

315 E 1st St
Parachute, CO 81635


HIGHLIGHTS

  • Two adjacent parcels totaling ±0.62 acres in the Old Town Center (OTC) Zone District , designed for retail, restaurant, and entertainment uses.
  • Excellent frontage and accessibility with extensive on-site parking —a rare find in the downtown district—and potential for building expansion.
  • Located along 1st Street , just steps from NAPA Auto Parts, Family Dollar, and McDonald’s , ensuring steady daily traffic.

OVERVIEW

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.

FOR SALE DETAILS

PRICE

$825,000 USD

PRICE/SF

$179 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

ADD'L SUBTYPES

Fast Food, Restaurant, Storefront Retail/Office

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1955

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.62 AC

LAND SF

27,007 SF

ZONING

OTC

APN/PARCEL ID

R370449,R480100

ASK ABOUT THIS PROPERTY

Dylan LewisMountain Mind Real EstateMore Info
970-331-2332

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

Dylan LewisMountain Mind Real EstateMore Info
970-331-2332

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