599 Northgate DrGrand Junction, CO 81505

This exceptional 15,160-square-foot industrial property in Grand Junction, Colorado, presents a compelling investment or user opportunity. Located on a desirable corner lot (1.01 acres) at 599 Northgate Drive, this 1977-built building boasts a prominent stucco façade and features approximately 5,700 square feet of retail space and 9,460 square feet of warehouse space divided into four separate units (three 1,800 SF units and one 4,060 SF unit). Each unit includes its own overhead door, providing excellent flexibility. The property includes six dock-high doors, enhancing operational efficiency. Currently, two tenants occupy the building, with leases expiring in February 2025, offering immediate income potential with a 3.60% cap rate and a net operating income (NOI) of $69,822. The asking price is $1,950,000, translating to $128.63 per square foot. The property is zoned MU-2 and offers high visibility due to its prime corner location with significant traffic counts. This presents a rare opportunity to acquire a well-positioned industrial property with existing income and significant upside potential for future use or leasing. The property's APN is 2945-102-12-008.