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101 & 115 E Cardinal Way

$6,500,000

101 & 115 E Cardinal Way, Parachute, CO 81635

Active
Last Updated: 01/19/2024

14.63 acres

Lot Area

178543

MlsNumber

Details:
Lot Area:    14.63 acres
MlsNumber:    178543
Description:

This real estate development opportunity in Parachute, Colorado offers a prime location for commercial or mixed-use multi-family development. 14.5+ 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. 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.

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Today's Available Mortgage Rates

101 & 115 E Cardinal Way, Parachute, Colorado 81635

Choose Your Priority
 
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 06/27/2025
Bank*Lender #1049
5 Year Fixed
25 Year Amortization
Interest rate 5.96% 5 Year Fixed
Mo. Payment$21,278 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. 51% LTV $0 Lender fees
Loan Amount $3,315,000 Loan Amount
Bank*Lender #1068
7 Year Fixed
25 Year Amortization
Interest rate 6.06% 7 Year Fixed
Mo. Payment$22,323 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. 53% LTV $0 Lender fees
Loan Amount $3,445,000 Loan Amount
Bank*Lender #1068
10 Year Fixed
25 Year Amortization
Interest rate 6.06% 10 Year Fixed
Mo. Payment$22,323 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. 53% LTV $0 Lender fees
Loan Amount $3,445,000 Loan Amount
Largest Commercial Real Estate Lending
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