250 1St StParachute, CO 81635

Property Details for 250 1St St

Year built

1981

Construction

METAL FRAME

Lot size

0.36 AC

Property type

Other commercial real estate

APN

240912414008

APU

240912414008

Description

This exceptional commercial property, situated at 250 1st Street in the heart of Parachute, Colorado's Old Town Center, presents a compelling investment opportunity or a perfect space for an established business. The building encompasses a substantial 15,850 square feet and is configured as a five-unit property, offering significant flexibility and diverse commercial usage potential. Its central location within the Old Town Center zoning district ensures high visibility and accessibility, making it an ideal spot for a variety of businesses. The property sits on a lot with no acreage specified, focusing its value on the substantial building itself. Priced at $769,000, this property represents a rare chance to acquire a well-positioned commercial asset in a thriving Colorado community. The five-unit structure allows for multiple income streams or the possibility of consolidating the space for a single, large-scale operation. Investors will appreciate the potential for strong returns, while business owners will find the adaptable layout and prime location highly advantageous. This is a unique opportunity to establish or expand a commercial presence in a dynamic and growing area. Serious inquiries are encouraged to explore the full potential of this remarkable property.

• Alternative Use

  Use

  Valuation

  Residential

  $3,334,082

  Hospitality

  $3,054,002

  Educational

  $2,540,893

  Medical

  $2,628,278

  Retail

  $3,952,501

Location Insight

City

Parachute

County

Garfield

State

Colorado

Latitude

39.4509

Longitude

-108.054

CBSA code

24060

CBSA name

GLENWOOD SPRINGS, CO MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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