For Sale
$275,000

2493 Hwy Grand Junction, CO 81505

Grand Junction, CO Office/Retail Investment

Property Records

Overview

Added:
Dec 11, 2024
Days on market:
139
This exceptional 1,500-square-foot commercial condo, located at 2493 Highway 6 & 50, #22, Grand Junction, CO 81505, presents a compelling investment opportunity. Situated in the desirable Cottonwood Mall area, this Class B property boasts high visibility due to its Highway 6 & 50 frontage and offers a blend of retail and office space. Built in 1995, the single-story building features a private entrance, ample natural light from large windows, and a well-designed interior layout including a reception area, waiting room, break room, three offices/workstations, a washer/dryer room, and a private restroom with a shower. The unit also includes private climate controls and ADA accessibility. Recent updates encompass Breeze Aire cooling, a new drop ceiling, hot water heater, LVT flooring, updated lighting, fresh paint, and upgraded HVAC. The property includes 20 parking spaces, with convenient access from the west and south sides of the complex. The HOA manages exterior maintenance, including snow removal, parking lot maintenance, and liability insurance, as well as water, sewer, and trash services. The complex roof was replaced in 2018 with a 50-year warranty. Currently 100% occupied by a tenant since 2017 (lease expiring 05/31/2026), this property generates a strong NOI of $10,758, representing a 3.90% cap rate. The 0.03-acre lot is zoned CG. The asking price is $275,000. This turnkey investment offers a stable income stream with significant upside potential.

Highlights

  • 1,500 SF Class B commercial condo at 2493 Highway 6 & 50, #22, Grand Junction, CO 81505.
  • High-visibility location in Cottonwood Mall area with Highway frontage.
  • Single-story unit with private entrance, ample natural light, reception area, 3 offices, and private restroom with shower.
  • Recent updates include HVAC, flooring, lighting, and paint; 20 parking spaces; ADA accessible.
  • HOA covers exterior maintenance, snow removal, water, sewer, and trash. New roof (2018, 50-year warranty).
  • 100% occupied, generating $10,758 NOI (3.90% cap rate); lease expires 5/31/2026.

Property Details for 2493 Hwy

Property type
Retail properties, Office properties
Square Feet
1,500 SF
Class
B
Year Built
1995
Stories
1
Lot Size (sq. ft)
1,307 SF
Units
1

Location Insight

City
Grand Junction
County
Mesa
State
Colorado
Latitude
39.083700512502
Longitude
-108.59124715038

FAQs

What type of property is this?
Retail property - Grand Junction, CO Office/Retail Investment
Where is the retail property located?
The property is located at 2493 Hwy Grand Junction, CO.
What is the asking price?
The asking price for this property is $275,000.
What are key features of this property?
This property features: 1,500 SF Class B commercial condo at 2493 Highway 6 & 50, #22, Grand Junction, CO 81505.; High-visibility location in Cottonwood Mall area with Highway frontage.; Single-story unit with private entrance, ample natural light, reception area, 3 offices, and private restroom with shower.
How can I contact the broker?
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2493 Hwy
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