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115 E Cardinal Way

$4,700,000

115 E Cardinal Way, Parachute, CO 81635

Active
Last Updated: 12/21/2023

11.53 acres

Lot Area

181945

MlsNumber

Details:
Lot Area:    11.53 acres
MlsNumber:    181945
Description:

This real estate development opportunity in Parachute, Colorado offers a prime location for commercial or mixed-use multi-family development. 11.536 acres situated on the southeast side of the road near the intersection of I-70 and Battlement Mesa Parkway, this property boasts convenient access to the highway and is adjacent to the newly constructed Love's Gas Station and Truckstop, as well as McDonald's. A portion of the perimeter of the property features riverside frontage, and will look over the proposed Parachute Island Park Loop Trail along the Colorado River. The surrounding area has experienced significant growth in recent years, attracting a growing number of full-time residents and visitors seeking to explore the great outdoors and take in the stunning vistas of the Roan Plateau and Bookcliffs. This presents a unique opportunity to build a development that meets the needs of the Parachute and Battlement Mesa community. This property is in a qualified Colorado Opportunity Zone. Mother Listing: 178543

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Today's Available Mortgage Rates

654 N Manhattan Pl, Los Angeles, California 90004

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Interest Rate
Mo. Payments
Max LTV Max Loan to Value is determined by the participating lenders DSCR requirements and stated NOI for the property. If no NOI is present, a 5% Cap rate is used by default.
Loan Amount
Rates as of 06/06/2025
Bank*Lender #1049
5 Year Fixed
25 Year Amortization
Interest rate 5.96% 5 Year Fixed
Mo. Payment$6,650 25 Year Amortization
Max LTV Max Loan to Value is determined by the participating lenders DSCR requirements and stated NOI for the property. If no NOI is present, a 5% Cap rate is used by default. 56% LTV $0 Lender fees
Loan Amount $1,036,000 Loan Amount
Bank*Lender #1049
7 Year Fixed
25 Year Amortization
Interest rate 6.09% 7 Year Fixed
Mo. Payment$6,612 25 Year Amortization
Max LTV Max Loan to Value is determined by the participating lenders DSCR requirements and stated NOI for the property. If no NOI is present, a 5% Cap rate is used by default. 55% LTV $0 Lender fees
Loan Amount $1,017,500 Loan Amount
Bank*Lender #1049
10 Year Fixed
25 Year Amortization
Interest rate 6.19% 10 Year Fixed
Mo. Payment$6,674 25 Year Amortization
Max LTV Max Loan to Value is determined by the participating lenders DSCR requirements and stated NOI for the property. If no NOI is present, a 5% Cap rate is used by default. 55% LTV $0 Lender fees
Loan Amount $1,017,500 Loan Amount
Largest Commercial Real Estate Lending
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