800 Airport Road, Rifle, CO 81650 (MLS# 163459)

800 Airport Road, Rifle, CO 81650

$3,000,000

Property Type: Commercial Sale Square Footage: 32,268 Lot Size (sq. ft.): 162,870 Status: Closed

Current Price: $3,000,000 List Date: 3/09/2020 Last Modified: 9/05/2024

Overview

Description

Bring your investors! Rifle Commons is a fully leased retail center with financially solid, long-term tenants such as Starbucks, Little Caesars, Great Clips, All Kids Dental, and Tequila's Mexican Restaurant. NOI $278,431, 6% cap rate. Value-add attached to rent growth. 3.7-acre parcel with 32,000+ SF between two buildings built in 2003. Located in Rifle, CO – a town with a population of 10,000 and known for its recreation.

Listing Details MLS# 163459

Location Info

Type: Commercial
Major Area: Rifle
Area: 12-Rifle Proper
Asking Price: 4200000
Original List Price: 5000000
Street #: 800
Street Name: Airport
Street Suffix: Road
City/Town: Rifle
State/Province: CO
Postal Code: 81650

Keywords Info

Total Building SqFt: 20.001+
Association Dues: No

Listing Info

REO: No
Member Association: Glenwood Association

General Info

Sub/Loc: Rifle Business Park
County: Garfield
Legal: Section: 15 Township: 6 Range: 93 Subdivision: RRV Lot: 9B 3RD AMENDED FINAL PLAT OF LOTS 9B & 10C 3.739 ACRES
Zoning: COMMERCIAL
Lot SqFt: 162870
Nbr of Acres: 3.7
Total SqFt: 32268
Parcel #: 217715317014
Year Built: 2003
Directions: From I-70, take exit 90 to Taugenbaugh Blvd, then take Airport Road east. Property is on left.

Financing Info

Metro Tax District: No
Taxes: 77100
Tax Year: 2019
Transfer Tax: No
HOA Dues: 0

Status Change Info

Under Contract Date: 2020-10-16
Proposed Close Date: 2020-12-30
Sold Date: 2020-12-30
Sold Price Per/SF: 92.97
How Sold: Owner Will Carry

More Information

Remarks

Public Remarks: Bring your investors! Rifle Commons is a fully leased retail center with financially solid, long-term tenants such as Starbucks, Little Caesars, Great Clips, All Kids Dental, and Tequila's Mexican Restaurant. NOI $278,431, 6% cap rate. Value-add attached to rent growth. 3.7-acre parcel with 32,000+ SF between two buildings built in 2003. Located in Rifle, CO – a town with a population of 10,000 and known for its recreation.

Allowable Uses

Income: Yes

Current Use

Income: Yes
Medical: Yes
Office Building: Yes
Professional Service: Yes
Recreational: Yes
Restaurant: Yes
Retail Store: Yes

Construction

Brick: Yes

Access

Paved: Yes

Condominiumized

No: Yes

Electric

Yes: Yes

Condition

Good: Yes

Gas

Natural Gas: Yes

Water

Public: Yes

Water Rights

No: Yes

Heating/Cooling

Central AC: Yes
Forced Air: Yes

Location Amenities

High Visibility: Yes
Highway Access: Yes
View: Yes

Mineral Rights

No: Yes

Documents on File

Leases: Yes

Parking

21 + Spaces: Yes

Occupant

Tenant Occupied: Yes
1 - 2 Years: Yes
3 - 5 Years: Yes
5+ Years: Yes
Option to Renew: Yes
Escalations: Yes
Multiple Leases: Yes

Possession

DOD: Yes

Property Features

Allowable Uses: Income Current Use: Income; Medical; Office Building; Professional Service; Recreational; Restaurant; Retail Store Construction: Brick Condominiumized: No Condition: Good Electric: Yes Gas: Natural Gas Water: Public Parking: 21 + Spaces Access: Paved Location Amenities: High Visibility; Highway Access; View Occupant: Tenant Occupied; 1 - 2 Years; 3 - 5 Years; 5+ Years; Option to Renew; Escalations; Multiple Leases Documents on File: Leases Water Rights: No Mineral Rights: No Possession: DOD

Listing Office: Bray Commercial

Last Updated: September - 05 - 2024

Broker Attribution: (970) 241-2909

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