403 Kennedy Ave
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403 Kennedy Ave
4,590 SF Vacant Office Building Grand Junction, CO 81501 £684,644 (£149/SF) 6.10% Net Initial Yield
Investment Highlights
- Great Location, Completely Remodeled in 2018, Opportunity Zone
Executive Summary
LOCATION LOCATION LOCATION + CONDITION CONDITION CONDITION - THIS HAS IT ALL! On Sherwood park, 5 leased units in stand alone building with private parking lot. COMPLETE update of interior, exterior and & major mechanicals in 2018. ADA baths & entrances. Continue to lease all or put your business in one or more of these units. MU-1 zoning (see assoc docs for allowed uses). Cap based on NOI 6.1%. No signage. No CIC. By appointment only.
Data Room Click Here to Access
- Offering Memorandum
Financial Summary (Actual - 2023) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$99,999
|
$9.99
|
Financial Summary (Actual - 2023) Click Here to Access
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
Sale Type
Investment or Owner User
Sale Condition
1031 Exchange
Property Type
Office
Property Subtype
Building Size
4,590 SF
Building Class
C
Year Built
1956
Price
£684,644
Price Per SF
£149
Net Initial Yield
6.10%
NOI
£41,763
Percent Leased
Vacant
Tenancy
Multiple
Number of Floors
1
Typical Floor Size
4,590 SF
Building FAR
0.32
Lot Size
0.33 AC
Opportunity Zone
Yes
Zoning
MU-1
Parking
20 Spaces (4.36 Spaces per 1,000 SF Leased)
Amenities
- Signage
- Wheelchair Accessible
- Basement
- Central Heating
- Air Conditioning
1 of 1
Walk Score ®
Very Walkable (83)
Bike Score ®
Very Bikeable (82)
PROPERTY TAXES
| Parcel Number | 2945-113-15-004 | Total Assessment | £100,952 |
| Land Assessment | £24,600 | Annual Taxes | -£1 (£0.00/sf) |
| Improvements Assessment | £76,351 | Tax Year | 2023 |
PROPERTY TAXES
Parcel Number
2945-113-15-004
Land Assessment
£24,600
Improvements Assessment
£76,351
Total Assessment
£100,952
Annual Taxes
-£1 (£0.00/sf)
Tax Year
2023
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403 Kennedy Ave
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