111 N 22nd Court

Grand Junction, CO 81501

About this property

Great commercial investment opportunity with existing cash flow and great upside to receive a 11%-12% Cap Rate return. Property located on a corner lot with visibility off of I-70 B, and is divided into four (4) separate units (1,562 SF each) for a total of 6,250 SF with four (4) OH doors. Currently there is one tenant occupying 3 units, and one tenant occupying 1 unit, which currently operates at 6.6% Cap Rate. Rents are below market, and if brought up to fair market rate, property is expected to pro-forma at a 12.44%

Date Added
November 3, 2020
Listing Status
Pending
Days On Site
161
MLS#
20205520

Features and Additional Information

Lot Size
0 SqFt
Acreage
0.00
Property Type
Commercial
Style
iqweb_
Sub-Type
Resale
Year
Zoning
C-2
Square Feet
0
Units
0
Story(s)
0
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$625,000 Pending
0 SQFT

Presented By Coldwell Banker Distinctive Properties

Twin Falls

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Twin Falls
(208) 734-6500

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