7+% cap rate, with month to month tenant. Currently zoned R-8. However after speaking with the City, the City's desired future use is VCMU which is Village Center Mixed Use. See attached document for the description. This includes employment, residential, service, park, retail with intended smaller scale version of downtown mixed use. So an investor can purchase and keep as an income rental, and later, if the buyer chooses, can change the use of the property accordingly. Buyer is encouraged to call City of Grand Junction planning and zoning department to confirm all the information and get questions answered. The lot is deep, and also the double-sized vacant lot is available on the corner. See MLS 20170957. Seller is offering a discount if buy both properties together. See MLS 20170956.
This property is off market, which means it's not currently listed for sale or rent on Zillow. This may be different from what's available on other websites or public sources.
