120 N RAILROAD Avenue, Parachute, CO 81635
$700,000
Property Type:
Commercial Sale
Square Footage:
9,984
Lot Size (sq. ft.):
12,632
Status:
Active
Current Price:
$700,000
List Date:
5/27/2025
Last Modified:
3/13/2026
Overview
Description
Listing Details MLS# 188389
Location Info
- Inside City Limits
- Yes
- Condominiumized
- No
- Zoning City
- Parachute
- Zoning County
- Garfield
- Type
- Business
- Major Area
- Parachute
- Area
- 13-Parachute Proper
- Asking Price
- 700000
- Original List Price
- 775000
- Street #
- 120
- Street Direction Pfx
- N
- Street Name
- RAILROAD
- Street Suffix
- Avenue
- City/Town
- Parachute
- State/Province
- CO
- Postal Code
- 81635
Keywords Info
- Total Building SqFt
- 5,001 - 10,001
- Association Dues
- No
Listing Info
- Occupant Type
- Tenant
- Seller/Owner is Licensed
- No
- REO
- No
- Member Association
- Glenwood Association
General Info
- Sub/Loc
- Parachute Park PUD
- County
- Garfield
- Legal
- Section: 12 Township: 7 Range: 96 Subdivision: PARK ADD Block: 31 Lot: 29 THRU:- Lot: 32 12500 SQUAQRE FEET
- Zoning
- Commercial
- Lot SqFt
- 12632.4
- Nbr of Acres
- 0.29
- Stories
- 2
- Total SqFt
- 9984
- Unit SqFt
- 9984
- Ceiling Height
- 10
- Parcel #
- 240912107014
- Year Built
- 1982
- Directions
- Take exit 75 from I-70, take E First St, southwest to N Railroad Ave, turn NE on N Railroad Ave and property is on the corner of N Railroad Ave & E Second St.
Financing Info
- Metro Tax District
- No
- Taxes
- 5045.48
- Tax Year
- 2024
- Transfer Tax
- No
- N.O.I.
- 47479
- Total HOA Fee Per Year
- 0
Status Change Info
- Sold Price Per/SF
- 0
More Information
Remarks
- Public Remarks
- 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.
Units
- Units
- Yes
Allowable Uses
- Office
- Yes
- Other
- Yes
Construction
- Frame
- Yes
Access
- Paved
- Yes
Electric
- Yes
- Yes
Condition
- Good
- Yes
Basement/Substructure
- Slab
- Yes
Gas
- Natural Gas
- Yes
Roof
- Metal
- Yes
Water
- Public
- Yes
Sanitation
- Sewer
- Yes
Extras
- Employee Quarters
- Yes
- Fire Alarm
- Yes
Heating/Cooling
- Central AC
- Yes
- Forced Air
- Yes
Location Amenities
- Corner Lot
- Yes
Documents on File
- Leases
- Yes
Parking
- Paved
- Yes
- Street Parking
- Yes
Occupant
- Tenant Occupied
- Yes
Possession
- DOD
- Yes
Sign
- Yes
- Yes
Property Features
Allowable Uses:
Office; Other
Construction:
Frame
Roof:
Metal
Condition:
Good
Electric:
Yes
Gas:
Natural Gas
Water:
Public
Sanitation:
Sewer
Parking:
Paved; Street Parking
Access:
Paved
Extras:
Employee Quarters; Fire Alarm
Location Amenities:
Corner Lot
Occupant:
Tenant Occupied
Documents on File:
Leases
Sign:
Yes
Possession:
DOD
Affiliated Business Disclosure ›
Listing Office:
Bray Real Estate
Last Updated: March - 13 - 2026
Broker Attribution:
(970) 242-3647
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