Description

Rifle, CO commercial property is fully rented, excellent income

Property has three buildings, excellent storage & workshop space, lots of vehicle parking, solid fencing

Income property in West Rifle–this commercial/industrial space has excellent rental history and is well located just a mile west of Railroad Ave. Building A is 50×120 with an office with kitchen area and 1/2 bath; 30×50 heated space with 12×14 garage door; unheated 50×70 storage and workshop space with heavy-duty concrete floor and 16×16 garage door. The total acreage is about 1.6 acres. County records show 1.29 ac, but that number is not correct. Acreage is actually larger.

Upstairs rental apartment has 3 BR, 1 BA, garage space downstairs

There are several different rental components to this complex. Bottom line is that all the units are rented and gross income is $6,700 a month. The upstairs apartment is 3 BR, 1 BA, 1,200 square feet, with a small garage. The workshop & office rents for $3,000/mo; the apartment rents for $1,250/month and is occupied. Building E/F was originally built of cinder block in 1960, but you can't tell. It has clean metal siding and a metal roof, plus a 1,400-square-foot office space with 3 offices, conference room, & restroom. This space also adjoins a spacious shop area that could be leased separatety or included as a package –$1,800/mo. Building C is 24×48 garage/shed/shop building with 1 nice bay renting for $650/mo. Owner occupies 3 adjoining 10×10 spaces that could easily rent for $400/mo. The entire property is surrounded with tight 6' chain-link fencing and a gate. The property is very well maintained and in excellent condition. 

Expenses & rents–solid numbers

Total insurance cost for all the buildings is $232/month; water is $55/month provided by City of Rifle water; there are two engineered septic systems, so no sewer costs. Taxes are $12,100/year. 

All of this income generating commercial property with room to expand and over 10,000 square feet of office and storage existing.