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$ 1,400,000
Est. payment | /mo
2 Baths
4,470 SqFt
$ 1,400,000
Est. payment | /mo
2 Baths
4,470 SqFt
Key Details
Property Type Commercial
Sub Type Retail
Listing Status Active
Purchase Type For Sale
Square Footage 4,470 sqft
Price per Sqft $313
MLS Listing ID 840017
Half Baths 2
Year Built 1994
Annual Tax Amount $21,313
Tax Year 2025
Lot Size 0.360 Acres
Acres 0.36
Property Sub-Type Retail
Property Description
Prime Commercial Investment Property Next to CMU! Positioned directly off bustling North Avenue and adjacent to Colorado Mesa University, this high-visibility property offers steady cash flow with massive upside potential. The Highlights: • Total Size: 4,470 SF on a 0.36-acre lot • Built-in Income: Includes an established Subway franchise tenant on a 5-year lease (with 3 additional 5-year renewal options). Lease rate is based on 8% of Subway sales revenue! • Value-Add Potential: 2,200 SF vacant space on the north side—ready to lease out for additional income! • Potential Base Annual Rent: $100,896.00 • Grease Trap Vacant Space Features (2,200 SF): • Dedicated HVAC & ventilation fan • Stainless steel sink & mezzanine storage • 5 separate main-floor rooms • 2nd floor with open layout + private office • Potential to reinstall overhead door and windows Unbeatable Exposure & Logistics: • High-traffic North Ave location right next to CMU • Dedicated pole signage for maximum visibility • Ample parking for customers and staff Subway Remodel: • Remodeled two years ago • New plumbing, electrical and HVAC DM us today for full leasing details or to schedule a private walkthrough!
Location
State CO
County Mesa
Interior
Heating Forced air
Cooling Refrigerated Air
Flooring Carpet, Concrete, Tile
Furnishings Unfurnished
Exterior
Parking Features 20 + Total Spaces
Utilities Available Electric, Internet, Natural Gas, Sanitary Sewer, Water
Roof Type Metal
Building
Story 1
Foundation Slab
Sewer Public Sewer Installed
Water Public
New Construction No
Listed by S.U.R.E., LLC
Nearby Locations
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Blue Pitcher Lindner
Broker-Owner Lic# ER100068668