About This Restaurant
Investment 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
Executive Summary
? 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
Property Details
- Sale Type Investment
- Property Type Retail
- Property Subtype Freestanding Freestanding General Retail Restaurant General Retail Storefront Freestanding
- Building Size 4,608
- Building Class C
- Year Built/Renovated 1955/2020
- Price 995,000
- Price Per SF 216
- Tenancy Single
- Building Height 1 Story
- Building FAR 0.17
- Land Acres 0.62 AC
Property Taxes
| Parcel Number | R370449 | Improvements Assessment | $19,220 |
| Land Assessment | $45,020 | Total Assessment | $64,240 |
| Date Created: | 2024-07-16 04:09:26 | Last Updated: | 2024-07-16 04:09:26 |
| Address: | 315 E 1st St , Parachute, Colorado, 81635 | ||