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.
colorado income property
excellent rental history
past use included oil & gas
well maintained commercial
lots of vehicle parking
rental apartment on site
Colorado broker Gary Hubbell