For Sale
$511,800

132 Walnut AveGrand Junction, CO 81501

1,706 SF Medical Office, Great Investment

Overview

Added:
Dec 11, 2024
Days on market:
116
This exceptional 1,706 square foot medical office building in Grand Junction, Colorado, presents a compelling investment opportunity. Located at 132 Walnut Ave, 81501, this well-maintained property is currently owned by four dentists, each holding an equal share. A monthly fee of $1,006 per space (or $2,012 for owners with two spaces) covers all utilities (electric, gas, and water) for the entire building. These funds, managed collaboratively by the owners, also support maintenance and improvements to common areas and the exterior, ensuring the property remains in excellent condition. Adding to the income stream, a basement salon tenant contributes approximately $800 per month to the collective account. This unique structure offers a blend of active use and passive income potential, making it an attractive investment for those seeking a well-managed, income-generating property. The collaborative ownership model ensures a high standard of maintenance and upkeep, providing peace of mind for the investor. This is a rare opportunity to acquire a thriving medical office building in a desirable Colorado location. The property's strong financial performance, coupled with its established co-ownership structure, makes it a truly exceptional investment prospect. The asking price for this turnkey operation is $511,800.

Highlights

  • $511,800 asking price.
  • 1,706 square foot medical office building.
  • Located at 132 Walnut Ave, Grand Junction, CO 81501.
  • Currently occupied by four dentists and a salon tenant generating supplemental income.
  • Monthly HOA fees cover utilities and building maintenance.

Property Details for 132 Walnut Ave

Property type
Office properties, Medical offices
Square Feet
1,706 SF

Location Insight

City
Grand Junction
County
Mesa
State
Colorado
Latitude
39.0858389
Longitude
-108.5704694
132 Walnut Ave, Grand Junction, Colorado

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132 Walnut Ave
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