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1254 Ute Avenue, Grand Junction, CO 81501

$290,000.00
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Featured Listing Active
MLS#20225708
STATUSActive PROPERTY TYPECommercial - Business

Property Description

Rare Opportunity to Own a Commercially Zoned Property with Multi-family Use. This Property is Located on a High Traffic and Highly Visible Corner of Ute & 13th Street. General Meeting with the City Has Been Completed. Additional Residential Structures Are Permitted. Tenant in Unit A has a signed Lease Agreement that entails $1,050/Month in rent plus 60% of the utilities. Unit B updating was complete 10/31/2022. Tenant in Unit B has a signed Lease Agreement starting 12/20/2022 that entails $950.00/Month in rent plus 40% of the utilities. Tenant Revenue is $2,000.00/month - $24,000 Annually at 8.2% cap rate. Exterior updating is complete. Seller is a Licensed Real Estate Broker in the State of Colorado

Property Features

Property Type: Commercial - Business
Days on Market: 93
Taxes: $876

Feature Descriptions

Lot Dimensions: 75 x 100
Use (Possible): Other, See Remarks
Zoning: C-1

Listed By / Shown By

Listed By

Agency Name: BRAY/COMMERCIAL

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Shown By

Agent Name: Lori Long
Agent Phone: (970) 201-0389

Disclaimer: All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Listing(s) information is provided for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information on this site was last updated 02/08/2023. The listing information on this page last changed on 02/08/2023. The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of Grand Junction MLS (last updated Tue 02/07/2023 11:37:08 PM EST). Real estate listings held by brokerage firms other than Bray Commercial may be marked with the Internet Data Exchange logo and detailed information about those properties will include the name of the listing broker(s) when required by the MLS. All rights reserved. --

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