About this property

$995,000 | 315 E 1st Street, A&B, Parachute, CO 81635

4,608 SF Retail Building | Downtown Location |Excellent Interstate 70 Frontage | Extensive Parking • The property is a 4,608 SF retail building located in downtown Parachute • Suite A - Dispensary with basement - apx. 1,872 SF • Suite B - MIP/Lab/Kitchen/Former Restaurant - apx. 2,736 SF • The site is along the primary thoroughfare in downtown Parachute, nearby tenants include: Napa Auto Parts, Family Dollar, McDonald's and others • The original building was constructed in 1955 and an expansion/remodel was constructed in 1997 • The dispensary suite was fully remodeled in 2015 with approximately $200K in improvements completed (1 restroom) • The kitchen/restaurant suite was fully remodeled in 2020 with approximately$200K in improvements completed (2 new restrooms) • Renovations of Dispensary and Kitchen/Restaurant allowed for the building to be fully brought up to date to current building code requirements for the permitted use changes • The offering includes two adjacent parcels totaling 0.62 acres • The two parcels allow for a significant amount of parking and possible expansion of existing building • The subject property has excellent frontage to Interstate 70 averaging 22,400 vehicles per day • The town of Parachute is less than one mile from the Colorado River and has world class outdoor recreation by being located on the Western Slope of the Rocky Mountains. Parachute is a convenient stop for any travelers along the I-70 corridor and is only 45 minutes from Grand Junction