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$700,000
Est. payment /mo
Price Dropped by $75K
120 N Railroad Avenue Parachute, CO 81635
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Key Details
Property Type Commercial
Sub Type Building
Listing Status Active
Purchase Type For Sale
MLS Listing ID 20252430
Annual Tax Amount $5,045
Lot Dimensions 105 X 135
Property Sub-Type Building
Property Description
Downtown Parachute investment property – 6 % + cap rate. Two-story commercial building in the heart of downtown Parachute, fully leased with solid rental income. The main floor is divided between two tenants, one occupying two-thirds of the space and the other utilizing 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. This property offers stable tenants and a strong return.
Location
State CO
County Garfield
Area Parachute
Direction Take exit 75 from I-70, take E First St, southwest to N Railroad Ave, turn NE on N Railroad Ave and property is on the corner of N Railroad Ave & E Second St.
Building
Lot Description Corner Lot
Listed by BRAY REAL ESTATE
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