$1,150,000

1956 Highway 6&50

Fruita CO, 81521

Description

8% cap rate! Unique investment opportunity with strong tenant base. NOI is $80,000+. This mixed-use property features a 6000 SF, recently remodeled school building and a 6000 SF warehouse on 2 acres. A Montessori school in year one of a five-year modified gross lease makes an excellent tenant and ensures exemption from some property taxes. The warehouse tenant is in year one of a three-year modified gross lease. Property located just off Hwy 6&50 in the beautiful, growing city of Fruita.

Details

MLS#20200942
Listing TypeFor Sale
Sub-TypeResale
StatusActive
Days On Site242

Features

SQ Feet12,000
ZoningGC

Market Activity 81521

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Area Information
StateCO
CityFruita
Zip Code81521
AreaFruita
Listing VS Median (in 81521)
Price:
$1,150,000
low | high
Med:
$346,724
100% of Average
SqFt:
12,000
low | high
Med:
1,600
100% of Average
$ / SqFt:
$96
low | high
Med:
$55
92.934782608696% of Average
On Site:
242
low | high
Med:
66
100% of Average
Listing Updated: 10/26/2020
BRIAN BRAY LogoMLS Number: 20200942
Listing Provided By:
BRIAN BRAY  of  BRAY COMMERCIAL

MLS Internet Data Exchange (IDX) information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that the data is deemed reliable but is not guaranteed accurate by the Grand Junction Area REALTOR Association MLS.