29
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$1,150,000
Est. payment /mo
Active
507 Fruitvale Court Grand Junction, CO 81504
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Key Details
Property Type Commercial
Sub Type Building
Listing Status Active
Purchase Type For Sale
MLS Listing ID 20264374
Annual Tax Amount $18,207
Lot Dimensions Irregular
Property Sub-Type Building
Property Description
Excellent commercial investment or user/investor opportunity offering a current 7.6% CAP rate with a strong mix of existing income and future occupancy potential. A NEW ROOF is scheduled to be installed in September 2026! Unit C consists of approximately 4,800 SF and was recently renewed for a 5-year term through 2031, with tenant paying NN expenses and utilities, plus 3% annual rent escalations providing a stable and growing income stream. Unit A consists of approximately 4,000 SF and is leased through December of 2025. Property is located within an established light industrial park with convenient access to I-70 Business Loop and major commercial corridors. Sale includes parcel numbers 2943-093-53-037, 2943-093-53-015, and 2943-093-53-016. An attractive opportunity for an investor seeking existing cash flow or a user looking to offset occupancy costs with rental income.
Location
State CO
County Mesa
Area Ne Grand Junction
Direction I-70B east of 30 Road. Take frontage Road to Fruitvale Ct., building located on the left.
Listed by VENTURE GROUP
NEARBY SCHOOL & BUSINESS
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