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132 Walnut Ave

1,706 SF Office/Medical Unit in Grand Junction, CO 81501

Property Facts

Unit Size 1,706 SF
No. Units 1
Total Building Size 11,753 SF
Property Type Office (Unit)
Property Subtype Medical
Sale Type Investment or Owner User
Building Class C
Number of Floors 2
Typical Floor Size 3,300 SF
Year Built 1977
Lot Size 0.20 AC
Opportunity Zone Yes

1 Unit Available

Unit F

Unit Size 1,706 SF
Unit Use Office/Medical
Sale Type Investment or Owner User
Description

Here’s a unique opportunity to own a well-maintained dental office building, currently owned by four dentists. Each owner holds a share of the building and contributes to a monthly fee of $1,006 per space (one owner with two spaces pays $2,012 per month). These fees are pooled into a collective account dedicated to covering utilities such as electric, gas, and water for the entire building.

This shared fund is also used for maintenance and improvements of the building’s common areas and exterior, ensuring the property is always in top condition. Each owner has an equal vote in deciding how the funds are used, providing a collaborative approach to property management.

Additionally, the building generates extra income from a salon tenant in the basement, contributing approximately $800 per month towards the HOA account. This setup offers a unique opportunity for both active use and passive income potential.

Take advantage of this rare opportunity to invest in a well-run, income-generating dental office building with an established group of co-owners committed to maintaining a high standard for the property.

zoning

Zoning Code PD
PD
  • Listing ID: 33140667

  • Date on Market: 11/09/2024

  • Last Updated:

  • Address: 132 Walnut Ave, Grand Junction, CO 81501

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