132 Walnut AveGrand Junction, CO 81501

Property Details for 132 Walnut Ave

Year built

1977

Construction

STEEL FRAME

Lot size

0.15 AC

Property size (Sq ft)

1,877 SF

Zone code

2230

Property type

Other commercial real estate

APN

2945-112-25-005

APU

294511225005

Description

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.

• Alternative Use

  Use

  Valuation

  Residential

  $394,831

  Hospitality

  $361,663

  Educational

  $300,900

  Medical

  $311,248

  Retail

  $468,066

Location Insight

City

Grand Junction

County

Mesa

State

Colorado

Latitude

39.0858

Longitude

-108.57

CBSA code

24300

CBSA name

GRAND JUNCTION, CO METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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