85 Sipprelle Dr Parachute, CO 81635
- Commercial real estate
- 5,054 SF
- 0.89 lot acres
Current Use by Public Records
- Commercial real estate
Property Details for 85 Sipprelle Dr
- Year built
- 1983
- Construction
- METAL FRAME
- Lot size
- 0.89 lot acres
- Property size
- 5,054 SF
- Property type
- Commercial real estate
- APN
- 240717201004
- APU
- 240717201004
Description
This exceptional 10,108-square-foot mixed-use building presents a unique investment opportunity in the thriving town of Parachute, Colorado. Located on 0.88 acres at 85 Sipprelle Drive, this two-story structure is currently in shell condition, offering a blank canvas for a wide range of commercial ventures. The property boasts a highly desirable BC zoning classification, permitting a diverse array of uses including retail establishments, restaurants, personal service businesses, and office spaces. Its strategic location directly borders The Shops at Village Center, ensuring high visibility and convenient access to a significant customer base. This prime location offers exceptional potential for businesses seeking a strong foothold in a growing community. The expansive square footage allows for considerable flexibility in design and layout, catering to a variety of business needs and expansion plans. The 0.88-acre lot provides ample space for potential future development or outdoor amenities. This is an unparalleled chance to acquire a substantial commercial property in a vibrant and expanding market, ready for immediate customization and occupancy. The asking price of $745,000 represents a compelling investment opportunity in a rapidly developing area. Don't miss this chance to secure a prominent commercial presence in Parachute, Colorado.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $405,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $425,000
- 6.5%
- $465,000
- 7%
- $480,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $445,000
- Geo Method
- $410,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $370,000
- Retail
- $495,000
- Mixed-Use
- $435,000
- Hospitality
- $425,000
- Educational
- $405,000
- Residential Income
- $450,000
- Energy
- $510,000
- Income-Based Land
- $390,000
- Food Service
- $455,000
Location Insight
- Map
- Local Demand
- City
- Parachute
- County
- Garfield
- State
- Colorado
- Longitude
- -108.025
- Latitude
- 39.4422
- CBSA code
- 24060
- CBSA name
- GLENWOOD SPRINGS, CO MICROPOLITAN STATISTICAL AREA