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2940 I-70 Business Loop
Grand Junction, CO 81504

$1,485,000 - Status: Active
MLS Icon MLS# 20263448

Excellent investment opportunity to purchase a 9,000 SF multi-tenant commercial property situated on 0.60 acres with C-2 zoning, allowing for a wide variety of commercial and light industrial uses. Located along the I-70B frontage road, the property offers excellent visibility from I-70B, ample paved parking, and convenient access to 29 Road and North Avenue. Constructed of durable masonry in 1976, the property consists of five offices, flex, and shop units with 10' overhead doors, providing the flexibility to occupy available space while benefiting from income generated by existing tenants. One space is currently vacant: a 2,800 SF office suite (Unit #1A) offered for lease at $12.45/SF/Year+NNN, while the remaining units are occupied by NNN tenants. Based on full occupancy, the property offers a pro forma Net Operating Income (NOI) of $105,018 and projected 7% cap rate, presenting an attractive value-add opportunity for both owner-users and investors.

Property Features

MLS#: 20263448
Zip: 81504
Subdivision:
Development: Ne Grand Junction
Property Type: Commercial - Industrial
Days on Market: 13
Taxes: $12,016

Feature Descriptions

Lot Description: Irregular Lot
Lot Dimensions: 194x159
Use (Possible): Industrial, Office, Retail, Service, Warehouse
Zoning: C-2

Disclosure: Exterior landscaping may be different than shown in photos as a result of Hurricane Ian.

Listed By / Shown By

Listed By

Agency Name: BRAY/COMMERCIAL
Agency Phone: 970-241-2909

Shown By

Agency Title: RE/MAX 4000 Inc.
Agency Phone: 970-241-4000

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