250 1st St Parachute, CO 81635
This exceptional commercial property, situated at 250 1st Street in the heart of Parachute, Colorado's Old Town Center, presents a compelling investment opportunity or a perfect space for an established business. The building encompasses a substantial 15,850 square feet and is configured as a five-unit property, offering significant flexibility and diverse commercial usage potential. Its central location within the Old Town Center zoning district ensures high visibility and accessibility, making it an ideal spot for a variety of businesses. The property sits on a lot with no acreage specified, focusing its value on the substantial building itself. Priced at $769,000, this property represents a rare chance to acquire a well-positioned commercial asset in a thriving Colorado community. The five-unit structure allows for multiple income streams or the possibility of consolidating the space for a single, large-scale operation. Investors will appreciate the potential for strong returns, while business owners will find the adaptable layout and prime location highly advantageous. This is a unique opportunity to establish or expand a commercial presence in a dynamic and growing area. Serious inquiries are encouraged to explore the full potential of this remarkable property.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Property description
Physical attributes from public recordsZoning & alternative use
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.