315 E 1st St - Freestanding FOR SALE


Parachute, CO 81635
$995,000 USD
858-603-8436
315 E 1st St, Parachute, CO for Sale
$995,000 USD
Freestanding - FOR SALE
1/8
null | Request Cap Rate

315 E 1st St
Parachute, CO 81635


HIGHLIGHTS

  • 4,608 SF Retail Building | Downtown Location |Excellent Interstate 70 Frontage | Extensive Parking
  • Extensive Allowable Uses | OTC - Old Town Center District Zoning | Former Dispensary and Former Restaurant

OVERVIEW

• The property is a 4,608 SF retail building located in downtown Parachute • Suite A - Dispensary with basement - apx. 1,872 SF • Suite B - MIP/Lab/Kitchen/Former Restaurant - apx. 2,736 SF • The site is along the primary thoroughfare in downtown Parachute, nearby tenants include: Napa Auto Parts, Family Dollar, McDonald’s and others • The original building was constructed in 1955 and an expansion/remodel was constructed in 1997 • The dispensary suite was fully remodeled in 2015 with approximately $200K in improvements completed (1 restroom) • The kitchen/restaurant suite was fully remodeled in 2020 with approximately$200K in improvements completed (2 new restrooms) • Renovations of Dispensary and Kitchen/Restaurant allowed for the building to be fully brought up to date to current building code requirements for the permitted use changes

FOR SALE DETAILS

PRICE

$995,000 USD

PRICE/SF

$216 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Former Restaurant & Dispensary

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

ADD'L SUBTYPES

Restaurant, Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1955

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.62 AC

LAND SF

27,007 SF

ZONING

OTC

APN/PARCEL ID

240912100029,240912114003

ASK ABOUT THIS PROPERTY

Ryan TomkinsSRS Real Estate PartnersMore Info
858-603-8436

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Ryan TomkinsSRS Real Estate PartnersMore Info
858-603-8436

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.