383 Indian RdGrand Junction, CO 81501

Property Details for 383 Indian Rd

Year built

2005

Construction

STEEL FRAME

Lot size

0.27 AC

Property size (Sq ft)

3,456 SF

Zone code

I-1

Property type

Industrial properties

Property subtype

Flex space

APN

2945-241-49-002

APU

294524149002

Description

Exceptional investment opportunity in Grand Junction, Colorado. This 3,481 square foot flex space boasts a 5.49% cap rate and a strong net operating income of $32,922. The property, located at 383 Indian Road, sits on a 0.27-acre lot and features a versatile layout including 2,700 square feet of warehouse space, 300 square feet of office space, and a 481 square foot mezzanine. Amenities include two bathrooms, a washer room, two 14-foot overhead doors, central air conditioning and forced-air heating, pole signage, a fenced side yard, and five parking spaces (one ADA compliant). Currently vacant, this single-story, 2005-built building is zoned I-1, allowing for a wide range of uses, including assembly, vocational/trade schools, medical/dental clinics, animal hospitals, breweries/distilleries, food service, office, retail, vehicle repair, industrial manufacturing, storage, and more. The property is offered at $600,000 as an absolute NNN lease investment. Seller financing and down payment assistance are available. The APN is 2945-241-00-016. This is a rare opportunity to acquire a well-located, versatile industrial property with significant upside potential.

• Alternative Use

  Use

  Valuation

  Residential

  $726,977

  Hospitality

  $665,907

  Educational

  $554,027

  Medical

  $573,081

  Retail

  $861,820

Location Insight

City

Grand Junction

County

Mesa

State

Colorado

Latitude

39.0603

Longitude

-108.542

CBSA code

24300

CBSA name

GRAND JUNCTION, CO METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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