Emily Rae - Coldwell Banker Distinctive Properties
418 S 7th Street
Grand Junction, CO 81501

Description

Great retail/office building in the Opportunity Zone. Located in the heart of town, on a main artillery road accessing the new Las Colonias Park. Main floor is used as retail, while the upstairs is a residential apartment that is leased out for additional income ($700/month). Business can be purchased with the building, for an additional $187,000. Business is Whitewater West, a local retailer specializing in outdoor recreation products. Inventory is valued at $137,000 as of 9/18, not including FF&E. Main floor is used as retail location (2400 SF), with (1311 SF) of unfinished upstairs storage, and a fully leased residence (1045 SF) on the 2nd floor.

Details

MLS#20185316
Sub-TypeResale
StatusActive
Days On Site84

Features

SQ Feet4,756
Story(s)0
ZoningC-1

Market Activity 81501

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Area Information

StateCO
CityGrand Junction
Zip Code81501
AreaGrand Junction City
Listing VS Median (in 81501)
Price:
$350,000
low | high
Med:
$224,900
85.742857142857% of Average
SqFt:
4,756
low | high
Med:
2,396
99.621530698066% of Average
$ / SqFt:
$74
low | high
Med:
$94
22.451180538994% of Average
On Site:
84
low | high
Med:
49
100% of Average
Listing Updated: 12/10/2018
MLS Number: 20185316
Listing Provided By:
BRIAN BRAY  of  BRAY COMMERCIAL

MLS Internet Data Exchange (IDX) information is provided exclusively 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, and that the data is deemed reliable but is not guaranteed accurate by the Grand Junction Area REALTOR Association MLS.