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324 E Railroad Ave

Fort Morgan, CO 80701
  • $688,000
  • STATUS: Active
  • ON SITE: 281 Days
  • ID#: 934247
UPDATED: 196 min ago
$688,000
  • 0
    BEDS
  • 0.31
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Commercial
Built:
1994
County:

School Ratings & Info

Description

Well known multi unit commercial building near the downtown of Fort Morgan! This building has always had such a classic look & feel with updates throughout & multiple long term tenants in place! The building sits on a corner lot with parking on the side & front as well as parking in the back for the tenants. 4 zones for heating & cooling which allows tenants to regulate according to their needs. A must see property if you are looking for your next investment!

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© 2021 Information and Real Estate Services, LLC. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Compass Colorado Realty. Data last updated: 2021-12-05T06:41:25.643.
www.compasscolorado.com/homes/114570492
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324 E Railroad Ave Fort Morgan, CO 80701

  • Price: $688,000
  • Status: Active
  • On Site: 281 Days
  • Updated: 196 min ago
  • ID#: 934247
0
Beds
0
Baths
0
½ Baths
0.31
Acres
1994
Built
Neighborhood:
Fort Morgan Old Town
County:
Morgan
Area:
14 Morgan County (all)
Property Description
Well known multi unit commercial building near the downtown of Fort Morgan! This building has always had such a classic look & feel with updates throughout & multiple long term tenants in place! The building sits on a corner lot with parking on the side & front as well as parking in the back for the tenants. 4 zones for heating & cooling which allows tenants to regulate according to their needs. A must see property if you are looking for your next investment!
Exterior Features

Construction Materials Composition Siding Horse YN No Lot Features CurbsSidewalksCorner LotWithin City Limits Property Attached YN No Road Frontage Type City Street Road Surface Type Paved Roof Composition Spa YN No View City Waterfront YN No

Interior Features

Basement None Building Area Total 6720 Cooling Refrigeration/Hvac Cooling YN Yes Heating Forced Air Heating YN Yes Living Area 6720 Living Area Source Assessor

Property Features

Association YN No Business Type Professional/OfficeOffice CondominiumExecutive SuitesRetail Cap Rate 9.49 Ditches Active YN No Exclusions All Of The Tenant's Personal Property Gross Income 74400 Has Improvements No Has Water Rights No Listing Sub Status None Listing Terms CashConventional1031 Exchange Locale Brush Net Operating Income 65301.56 New Construction YN No Operating Expense 9098.44 Possible Use CommercialCommercial Or Industrial Property Condition Not NewPreviously Owned Property Sub Type Multi Family Sale Includes Building(S)LandLeases Senior Community YN No Sewer City Sewer Special Listing Conditions Private Owner Tax Annual Amount 9098.44 Tenant Pays None Water Source City WaterCity Of Fort Morgan Zoning Commercial

Listing information © 2021 Information and Real Estate Services
Listing provided courtesy of Mandy Weichel of Colorado Land Co. Llc.



© 2021 Information and Real Estate Services, LLC. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Compass Colorado Realty. Data last updated: 2021-12-05T06:41:25.643.
 
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