120 N Rail Road Ave Parachute, CO 81635
Two-story commercial building in downtown Parachute, fully leased.
Lot size:
0.29 AcresProperty Features for 120 N Rail Road Ave
General Information
- Lot size
- 0.29 Acres
Building Details
- Year built
- 1982
Source: Bray Real Estate
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
Overview
Downtown Parachute Investment Property
This two-story commercial building is located in downtown Parachute and is fully leased. The property offers a cap rate of 6% or greater. The main floor is divided between two tenants. One tenant occupies two-thirds of the space, while the other utilizes the remaining third, which includes a private bathroom and sink area. The second floor features multiple office suites of varying sizes, shared restrooms, a kitchenette, and a large conference room. The property provides stable tenants and a strong return.
Insight Report
Location Intelligence
Current Use by Public Records
Parachute Lube & Services
Auto Repair Shop
Farmers Insurance - Christopher ...
Insurance Agency
United States Postal ...
Post Office
Andi Marie Photography
Photographer
NAPA Auto service
Car Repair And Maintenance Service
Location Insight
- Map
- Local Demand
- City
- Parachute
- County
- Garfield
- State
- Colorado
- Longitude
- -108.0511289
- Latitude
- 39.4545193
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FAQs
What type of property is this?
Office building - Two-story commercial building in downtown Parachute, fully leased.
Where is this office building located?
The property is located at 120 N Rail Road Ave Parachute, CO.
What is the asking price?
The asking price for this property is $775,000.
What are key features of this property?
This property features: - 6%+ Cap Rate: High return on investment.; - Fully Leased: Enjoy an immediate and consistent rental income stream.; - Stable Tenants: Benefit from reduced risk associated with vacancy and turnover.