$705,000
$825,000
14.5%For more information regarding the value of a property, please contact us for a free consultation.
4,608 SqFt
SOLD DATE : 05/15/2025
Key Details
Sold Price $705,000
Property Type Commercial
Sub Type Commercial
Listing Status Sold
Purchase Type For Sale
Square Footage 4,608 sqft
Price per Sqft $152
MLS Listing ID 182762
Sold Date 05/15/25
Year Built 1955
Annual Tax Amount $12,147
Tax Year 2023
Lot Size 0.622 Acres
Acres 0.62
Property Sub-Type Commercial
Source Aspen Glenwood MLS
Property Description
4,608 SF Retail Building | Downtown Location |Excellent Interstate 70 Frontage | Extensive Parking
• The property is a 4,608 SF retail building located in downtown Parachute
• Suite A - Dispensary with basement - apx. 1,872 SF
• Suite B - MIP/Lab/Kitchen/Former Restaurant - apx. 2,736 SF
• The site is along the primary thoroughfare in downtown Parachute, nearby tenants include: Napa Auto Parts, Family Dollar, McDonald's and others
• The original building was constructed in 1955 and an expansion/remodel was constructed in 1997
• The dispensary suite was fully remodeled in 2015 with approximately $200K in improvements completed (1 restroom)
• The kitchen/restaurant suite was fully remodeled in 2020 with approximately$200K in improvements completed (2 new restrooms)
• Renovations of Dispensary and Kitchen/Restaurant allowed for the building to be fully brought up to date to current building code requirements for the permitted use changes
• The offering includes two adjacent parcels totaling 0.62 acres
• The two parcels allow for a significant amount of parking and possible expansion of existing building
• The subject property has excellent frontage to Interstate 70 averaging 22,400 vehicles per day
• The town of Parachute is less than one mile from the Colorado River and has world class outdoor recreation by being located on the Western Slope of the Rocky Mountains. Parachute is a convenient stop for any travelers along the I-70 corridor and is only 45 minutes from Grand Junction
Location
State CO
County Garfield
Area Parachute
Zoning Old Town Center
Direction Exit I-70 Silt. Located north side of I-70 at the northeast corner of 1st Street (Highway 6) and Railroad Avenue.
Building
Lot Description Corner Lot
Others
Tax ID 240912114003
Acceptable Financing Cash
Listing Terms Cash
Read Less Info
Want to know what your home might be worth? Contact us for a FREE valuation!
Our team is ready to help you sell your home for the highest possible price ASAP
