551 Grand Ave Fruita, CO 81521

Property Details for 551 Grand Ave

Year built

1925

Lot size

0.55 lot acres

Property size

900 SF

Property type

Office space

Property subtype

Residential income homes

APN

2697-174-16-011

Description

This unique 900-square-foot mixed-use property in Fruita, Colorado, presents a compelling investment opportunity. Located at 551 E Grand Ave, this 0.55-acre lot boasts a charming 1925 bungalow, currently zoned C1-DMU, allowing for a variety of neighborhood-friendly businesses. The property's current use is as a creative office and single-family rental portfolio. The asking price is $500,000, contingent upon the owner securing a suitable replacement property. All offers are subject to this contingency. The single-story building offers 900 square feet of net rentable space, translating to a price per square foot of $555.56. Fruita's proposed future land use map designates this area for downtown mixed-use development, opening up exciting possibilities. Imagine transforming this space into multifamily housing, a ground-floor commercial space with residential units above, or a warehouse with upper-level living quarters. The possibilities are vast. The property's APN is 2697-174-16-011. A 24-hour notice is required for all showings. This is a rare chance to acquire a versatile property in a growing Colorado town.