About 120 N Railroad Avenue
Downtown Parachute investment property - 6 % + cap rate. Two-story commercial building in the heart of downtown Parachute, fully leased with solid rental income. The main floor is divided between two tenants, one occupying two-thirds of the space and the other utilizing the remaining third, which includes a private bathroom and sink area, The second floor features multiple office suites of varying sizes, shared restrooms, a kitchenette, and a large conference room. This property offers stable tenants and a strong return.
Features of 120 N Railroad Avenue
| MLS® # | 188389 |
|---|---|
| Price | $775,000 |
| Acres | 0.29 |
| Year Built | 1982 |
| Type | Commercial Sale |
| Sub-Type | Business |
| Status | Active |
Community Information
| Address | 120 N Railroad Avenue |
|---|---|
| Major Area | Parachute |
| Area | 13-Parachute Proper |
| Subdivision | Parachute Park PUD |
| City | Parachute |
| County | Garfield |
| State | CO |
| Zip Code | 81635 |
Amenities
| Utilities | Natural Gas Available |
|---|
Interior
| Fireplace | No |
|---|---|
| Has Basement | No |
Exterior
| Lot Description | Corner Lot |
|---|---|
| Roof | Metal |
| Construction | Frame |
| Foundation | Slab |
Additional Information
| Date Listed | May 27th, 2025 |
|---|---|
| Zoning | Commercial |
| Short Sale | No |
| RE / Bank Owned | No |
| Data Source | AGSMLS |
| Short Termable | No |
Subdivision Statistics
| Listings | Average Price | Average $/SF | Median $/SF | List/Sale price | |
|---|---|---|---|---|---|
| Active Listings 1 | Average Price $775,000 | Average $/SF $0 | Median $/SF $775 | Listing Price $775,000 |