For Sale
$875,000

403 Kennedy Ave Grand Junction, CO 81501

Multi-tenant office building, 4,590 SF, 6.10% cap rate.

Property Records

Overview

Added:
Dec 11, 2024
Days on market:
138
This exceptional Grand Junction investment opportunity presents a 4,590-square-foot, multi-tenant office building situated on 0.33 acres at 403 Kennedy Ave, 81501. The property, built in 1956 and extensively renovated in 2018, boasts five leased units with 100% occupancy, generating a 6.10% capitalization rate based on net operating income. The building features 20 parking spaces and is conveniently located on Sherwood Park. Interior and exterior renovations in 2018 included major mechanical upgrades, ADA-compliant bathrooms and entrances. The MU-1 zoning allows for a variety of uses (refer to associated documents for details). This is an owner-user opportunity, allowing for the potential to occupy one or more units while continuing to lease the remaining space. The asking price is $875,000. No signage or community improvement district (CID) fees are associated with this property. Showings are by appointment only.

Highlights

  • 4,590 SF multi-tenant office building on 0.33 acres at 403 Kennedy Ave, Grand Junction, CO 81501.
  • Five leased units with 100% occupancy and a 6.10% capitalization rate.
  • 20 parking spaces on Sherwood Park.
  • Extensive renovations in 2018, including major mechanical upgrades, ADA-compliant bathrooms and entrances.
  • MU-1 zoning; owner-user opportunity.
  • Asking price: $875,000. No signage or CID fees. Showings by appointment only.

Property Details for 403 Kennedy Ave

Property type
Retail properties, Office properties
Square Feet
4,590 SF
Year Built/Renovated
1956/2018
Buildings
1
Lot Size (sq. ft)
14,375 SF

Location Insight

City
Grand Junction
County
Mesa
State
Colorado
Latitude
39.079902546574
Longitude
-108.5659842886

FAQs

What type of property is this?
Retail property - Multi-tenant office building, 4,590 SF, 6.10% cap rate.
Where is the retail property located?
The property is located at 403 Kennedy Ave Grand Junction, CO.
What is the asking price?
The asking price for this property is $875,000.
What are key features of this property?
This property features: 4,590 SF multi-tenant office building on 0.33 acres at 403 Kennedy Ave, Grand Junction, CO 81501.; Five leased units with 100% occupancy and a 6.10% capitalization rate.; 20 parking spaces on Sherwood Park.
How can I contact the broker?
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403 Kennedy Ave
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