248 E 1st Street, Parachute, CO 81635
$590,000
Property Type:
Commercial Sale
Square Footage:
2,412
Lot Size (sq. ft.):
9,375
Status:
Active
Current Price:
$590,000
List Date:
7/18/2026
Last Modified:
8/15/2026
Listing Details MLS# 193864
Location Info
- Inside City Limits
- Yes
- Condominiumized
- No
- Zoning City
- Old Town Center Zoning
- Zoning County
- Special Purpose Comm
- Type
- Commercial
- Major Area
- Parachute
- Area
- 13-Parachute Proper
- Asking Price
- 590000
- Original List Price
- 590000
- Street #
- 248
- Street Direction Pfx
- E
- Street Name
- 1st
- Street Suffix
- Street
- 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
- Owner
- SqFt Level
- Ground Floor
- Seller/Owner is Licensed
- No
- Short Sale
- No
- REO
- No
- Auction
- No
- In Foreclosure
- No
- Member Association
- Glenwood Association
General Info
- Sub/Loc
- None
- County
- Garfield
- Legal
- Subdivision: ORIGINAL TWNSTE PARACHUTE Block: 6 Lot: 10 THRU:- Lot: 12
- Zoning
- Special Purpose
- Lot SqFt
- 9375
- Nbr of Acres
- 0.12
- Total SqFt
- 2412
- Unit SqFt
- 2412
- Parcel #
- 240912113007
- Year Built
- 1908
- Year Remodeled
- 2023
- Directions
- Parachute exit left on to 1st Avenue (US 6) - follow to listing on the right. Corner of US 6 and N. Railroad Avenue
Financing Info
- Metro Tax District
- No
- Taxes
- 2529
- Tax Year
- 2025
- Transfer Tax
- No
More Information
Remarks
- Public Remarks
- If what you want is a place where you can live and work in the same community -- growing, affordable, and full of development potential see this one. Exceptional investment opportunity filled centrally located mixed-use property. Commercial ground level with 2 bedroom, 1 bath residential apartment up above. Lower level offers excellent visibility and accessibility, making it ideal for retail, office, or service-based businesses. Upstairs apartment provides comfortable living accommodations for Owner use or Rental income. Abundance of parking and storage. Don't miss the opportunity to get in now. First Street serves as the central thoroughfare of Parachute, running through the downtown area and hosting local businesses, shops, and community events It is the focus of a significant downtown revitalization project aimed at enhancing pedestrian access, adding bike lanes, creating park and plaza spaces, and improving the overall aesthetic and functionality of the town center (source: parachute.gov) .
Current Use
- Other
- Commercial & Residential
Units
- Units
- 2
Terms Offered
- Other
- New Loan
Property Features
Allowable Uses:
Mixed Use; Office; Retail; Single Family Res; Other
Construction:
Frame
Roof:
Composition Shingles
Condition:
Average
Electric:
Electricity Available
Gas:
Natural Gas Available
Water:
Public
Sanitation:
Sewer
Parking:
6 - 10 Spaces
Access:
Paved; Private
Extras:
ADA Compliant; Employee Quarters; High Speed Available; Kitchen Area; Laundry; Living Quarters; Restrooms; Storage
Location Amenities:
Corner Lot; High Traffic Loc; High Visibility; Intersection
Water Rights:
No
Mineral Rights:
No
Terms Offered:
Cash
Sign:
Yes
Possession:
DOD
Listing Office:
FreeByrd Real Estate
Last Updated: August - 15 - 2026
Broker Attribution:
(970) 984-9384
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